Research On The Impact Of Digital Inclusive Finance On High Quality Economic Development

China ’s economy has moved from a stage of rapid growth to a stage of high-quality development.The 20 th National Congress of the Communist Party of China pointed out that ’ high-quality development is the primary task of building a modern socialist country in an all-round way ’.With the promotion of digital inclusive finance,the regional economic structure,development pattern and development quality have been further optimized and improved,and the role of digital inclusive finance in promoting high-quality economic development has become more obvious.The 24 th meeting of the Central Committee for Comprehensively Deepening Reform emphasized that ’ orderly promoting the high-quality development of digital inclusive finance,so as to promote the high-quality development of economy and society and promote the common prosperity of all people ’.So,does digital inclusive finance affect high-quality economic development ? If there is an impact,what are the differences in the effects ? What are the reasons for the heterogeneity of its impact ? This study focuses on the above issues.On the premise of combing relevant literature and theoretical basis,this study establishes an evaluation index system for high-quality economic development,uses entropy method to measure the level of high-quality economic development,evaluates and analyzes the current situation of digital inclusive finance and high-quality economic development.In the empirical analysis,based on the relevant data of various provinces and cities in China from 2012 to 2021,firstly,the fixed effect model is used to analyze the overall effect and structural effect of digital inclusive finance on high-quality economic development from the perspective of internal heterogeneity.Secondly,the spatial econometric model is used to explore the spatial effect from the perspective of external heterogeneity.Finally,the threshold effect model is used to explain the reasons for the heterogeneity.The results show that :(1)Digital inclusive finance and high-quality economic development have steadily improved.The level of high-quality economic development has obvious regional boundaries.The development of the eastern region is the best,followed by the central region,and the western region is at a disadvantage.(2)Digital inclusive finance can significantly improve the level of high-quality economic development,but its impact has a structural effect,which is manifested in the heterogeneity of the three sub-dimensions of digital inclusive finance and the impact of different business types of digital inclusive finance on high-quality economic development.(3)The level of high-quality economic development has a significant agglomeration effect in space,mainly showing the agglomeration distribution characteristics of similar attributes of HH aggregation and LL aggregation,and digital inclusive finance can affect the level of high-quality economic development in neighboring regions through spatial spillover effects.(4)The digital threshold caused by the digital divide and the financial threshold formed by the traditional financial development level affect the specific effect of digital inclusive finance on high-quality economic development.To this end,this study proposes the following four policy implications : First,formulate a regional coordinated and cooperative development strategy,and develop digital inclusive finance according to local conditions.Secondly,improve the financial rights and interests protection system and strengthen the supervision of digital inclusive financial services.Thirdly,adhere to scientific and technological innovation-driven development,and give full play to the radiation-driven role of the eastern region.Finally,focus on industrial digitization,improve the efficiency and vitality of digital technology,and keep pace with the times to narrow the digital divide.