| Financial support is indispensable for economic development.The development of digital inclusive finance not only greatly improves the availability and convenience of financial resources,but also breaks the temporal and spatial limitations of traditional finance and better alleviates financial exclusion and financial friction caused by information asymmetry.However,after all,digital inclusive finance was only put forward in 2011,which has a short history,low public participation and imperfect regulatory system.At the same time,the allocation of financial resources in China is not balanced,and the large difference in regional development level also hinders the spillover of financial inclusion.The development potential of digital inclusive finance needs to be further explored.Therefore,it is of great practical significance to discuss the influence of its development on regional economic growth.According to this situation,this paper selects the relevant data of 31 provinces in China from 2011 to2020 to empirically analyze the impact of digital inclusive finance on regional economic growth.In the research process,the Peking University Digital inclusive finance index is used as the standard to measure the implementation of digital inclusive finance in all provinces and cities,and the per capita GROSS regional product is used to measure the level of economic development of each region based on previous experience.Theil index is used to measure the imbalance degree of economic development among six regions and explore their spatial differentiation characteristics.At the same time,based on the panel data from the linear relationship and nonlinear relationship,regional heterogeneity,direct influence between the two,transmission mechanism and threshold characteristics were studied and analyzed respectively.The conclusions are as follows:First,by calculating Theil index of six regions,we find that the spatial distribution of digital inclusive finance in China is in an unbalanced state.Second,by analyzing the regression results of the fixed effect model,it can be concluded that the development of digital inclusive finance has a significant positive effect on regional economic growth,but its impact degree presents the characteristics of regional heterogeneity.Third,threshold regression results show that the digital pratt & finance and is a nonlinear relationship between regional economic growth,pratt &whitney financial and Internet development with the improvement of threshold,the correlation coefficient is also gradually improve,from the lower level of threshold of 0.0706 to a high threshold level of 0.0820,the coefficient of change is more obvious,it shows that with the improvement of the Internet,The development of digital inclusive finance will also improve,and its positive role in promoting economic growth will be more significant.On the basis of this,the article believes that the regional characteristics will be integrated into the development framework of the digital pui finance,and strengthen the digital infrastructure construction and improvement of the regional areas,and then,based on the market orientation,the risk pricing,etc.,through these measures to promote the financial development of digital pui,and help the healthy growth of the regional economy. |
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