| Industrial transformation and upgrading is the key to achieving high-quality economic development in our country,and high-quality financial services are of great significance to industrial upgrading.As financial innovation that has attracted widespread attention in recent years,inclusive finance provides a wider range of financial services for market entities that need financial service,and offers a new boost for the development of industry in our country.Therefore,it carries great importance to clarify the effect and mechanism of inclusive finance on industrial upgrading.By summarizing the existing research,this thesis finds that there is still a lack of literature on the effect and mechanism of inclusive finance on industrial upgrading.Therefore,this thesis systematically sorts out the influence of inclusive finance on industrial upgrading.Subsequently,the thesis selected the relevant data of 31 provinces in our country from 2011 to 2019,constructed panel data at the provincial level,and empirically tested the effect and mechanism of inclusive finance on industrial upgrading.Firstly,this thesis examined the effect of inclusive finance and its coverage and depth on industrial innovation.Secondly,it examined the effects of inclusive finance and its coverage and depth on the agglomeration of high-tech industries.Then,it examined the effect of inclusive finance and its coverage and depth on the adjustment of the industrial structure.Finally,based on the two perspectives of financial intermediary cost and effective resources,it examined the internal mechanism of inclusive finance to promote industrial upgrading.The conclusions of this thesis show that inclusive finance can promote industrial upgrading,which is mainly manifested in promoting industrial innovation and promoting industrial structure adjustment,while inclusive finance has inconspicuous effect on promoting the agglomeration of high-tech industries.In the meantime,the breadth of coverage of inclusive finance has a more significant role in promoting industrial innovation than the depth of usage of inclusive finance.In the examination of the mechanism,this thesis found that inclusive finance can promote industrial upgrading by reducing the cost of financial intermediary cost and gathering effective resources.Based on the role of inclusive finance in promoting industrial upgrading,this thesis believes that inclusive finance should be vigorously developed so as to provide highquality financial services for industrial upgrading;at the same time,compared with the depth of inclusive finance usage,the breadth of inclusive finance coverage contributing to industrial innovation show a stronger effect.However,with the continuous improvement of coverage,its development space will gradually shrink.In the future,relevant departments should focus on increasing the depth of usage of inclusive finance,for the purpose of continuously promoting industrial upgrading. |
