Research On The Impact Of Digital Financial Inclusion On Provincial Economic Resilience

In the process of steady economic development,in the face of the changeable international political situation,the severe epidemic situation at home and abroad,and the frequent occurrence of natural disasters,it is increasingly important to enhance the resilience of the economy.The development of digital inclusive finance can improve traditional financial services and contribute to the high-quality development of China’s economy,which is closely related to economic resilience.So how does digital Inclusive Finance affect economic resilience? This is the problem that this article needs to further explore.This paper explores the impact of digital Inclusive Finance on provincial economic resilience from both theoretical and empirical aspects,selects provincial panel data from 2011 to 2020,and selects sub indicators from three aspects of resistance,resilience and evolution to build a provincial economic resilience index system.Subsequently,a fixed effect regression model is established and tested for robustness and intermediary effect to specifically analyze the impact of digital Inclusive Finance on provincial economic resilience.This paper draws the following conclusions:(1)in the benchmark regression analysis,digital Inclusive Finance significantly improved the provincial economic resilience.The strength of the role of digital Inclusive Finance in improving the sub indicators of economic resilience is resilience > resistance > evolution.The strength of the role of the sub indicators of digital Inclusive Finance in improving economic resilience is depth of use > coverage > digital level;(2)In the robustness analysis,the empirical results obtained by selecting the panel data after 2013 and dividing the overall data into three parts are consistent with the benchmark analysis conclusions;(3)In the intermediary effect analysis,digital inclusive finance promotes the provincial economic resilience through the three effects of poverty reduction and income increase,innovation and entrepreneurship,and industrial upgrading.Combined with the conclusions of the study,this paper puts forward policy measures to enhance the resilience of provincial economy: accelerate the development of local digital Inclusive Finance,continue to play its role in poverty reduction,income increase,innovation and entrepreneurship,and industrial upgrading;in addition,continue to promote the improvement of infrastructure and human capital,narrow the development gap of digital Inclusive Finance between the East,central and western regions,and between urban and rural areas,so as to stimulate economic vitality and release the potential of domestic demand,Continuously striding forward to highquality development.