Research On The Influence Of Digital Inclusive Finance On The Upgrading Of Industrial Structure In Western China

During the 14 th Five Year Plan period,China put forward higher requirements for highquality economic development.At the same time,facing the severe test of the COVID-19,the necessity and pressure of industrial structure upgrading have become increasingly prominent.Digital Inclusive Finance is a hot spot in recent years.By broadening the coverage of financial services,strengthening risk management and control and reducing the cost of financial services,it effectively makes up for the exclusion of traditional finance.It is a powerful driver to promote the upgrading of industrial structure and economic development.Therefore,in this context,it is necessary to explore the relationship between digital Inclusive Finance and industrial structure upgrading.At the same time,combined with the reality that the development of the western region is relatively backward and more urgent,the research subject is determined as 12 provinces and cities in the western region.Based on the in-depth exploration of the relevant theories of industrial structure upgrading and digital Inclusive Finance and their influence mechanism,this paper puts forward two research hypotheses: first,the development of digital Inclusive Finance has a nonlinear effect on the upgrading of industrial structure in the western region;Second,the three sub dimensions of the development of digital Inclusive Finance have a heterogeneous impact on the upgrading of industrial structure in the western region.In this paper,more than 8 provincial-level industrial structure explanatory variables are selected as the core variables of China’s 2019-2019 financial panel model,and the two provincial-level industrial structure explanatory panel data are selected for the empirical analysis,which are confirmed by the two provincial-level control panel data.The empirical results show that:First,through the total index regression analysis,it is confirmed that the development of digital Inclusive Finance has a nonlinear effect on the upgrading of industrial structure in the western region,and the threshold is tested by a single threshold effect γ Is 1.7873.At the same time,according to the regression results of panel threshold model and linear model,digital inclusive finance plays a positive role in promoting the upgrading of industrial structure;Second,through the sub dimensional regression analysis,it is confirmed that the three sub dimensions of the digital inclusive financial index have a heterogeneous impact on the upgrading of industrial structure in the western region.The three sub dimensions have a positive role in promoting the upgrading of industrial structure in the western region,but they show some heterogeneity in significance and promotion strength.Among them,the coverage has passed the single threshold test;The depth of use and the degree of digitization did not pass the threshold effect test.Finally,according to the conclusions of the previous theoretical analysis,current situation analysis and empirical analysis,this paper puts forward targeted policy suggestions from two levels.