Research On The Impact Of Digital Inclusive Finance On Regional Independent Innovatio

Technological innovation is the core driving force for the rapid and high-quality development of the national economy.In recent years,China has taken innovation-driven as an important development strategy,vigourously developed science and technology,and strived for advanced international science and technology.However,compared with developed countries,China still has problems such as lack of independent innovation and weak research and development in basic sciences.At present,the focus of our government’s work has gradually changed to giving full play to the leading role of policies and enhancing the ability of technological innovation.The introduction and application of digital inclusive finance alleviate the problem of information asymmetry in the market,can accurately serve underdeveloped areas that have long been financially excluded,provide them with appropriate financial products and services,and relieve their pressure of innovative financing.In addition,the time for China to develop digital inclusive finance is more mature.As our government begins to attach importance to and promote the development of digital inclusive finance,it has issued various policies such as the 14 th FiveYear Plan to support it,and some results have been achieved.So,does digital inclusive finance have a positive and significant impact on China’s regional independent innovation? If this impact does exist,then through and by what mechanism? In addition,against the background of today’s strong government support,can digital inclusive finance and government intervention form a synergy to enhance their impact on regional independent innovation? Therefore,under the background of China’s vigourous promotion of innovation-driven strategy,the above-mentioned problems are analysed and discussed from the theoretical level,and the research assumptions to be verified are put forward,and through empirical testing of research assumptions,it can improve the current research field and provide new ideas for the government to issue policies.By sorting out and summarising the existing research literature,this paper puts forward three research assumptions that need to be verified on the basis of relevant theories.In the empirical part,this paper uses the panel data of 30 provinces in Chinese mainland from 2011 to 2020(Because of the availability of data,Tibet is excluded and not taken into account).Through a series of data analysis and empiry,it illustrates how China’s digital inclusive finance has an impact on regional independent innovation.Finally,The results show that digital inclusive finance can not only play a relatively good role in regional independent innovation,but also have two indirect ways,that is,the level of human capital and the credit level of financial institutions indirectly promote the improvement of regional independent innovation.In addition,digital inclusive finance can also work together with government intervention to stimulate the improvement of regional innovation levels.Finally,in order to further improve China’s regional innovation level and narrow the gap between regions,this article finally puts forward suggestions from five aspects: government policy encouragement,accelerate innovation of financial institutions,improve the financial quality of residents,improve laws and regulations,and improve supervision.