Abstract
Based on the panel data of 30 provinces, municipalities, and autonomous regions in China from 2011 to 2018, this paper uses the digital inclusive financial index and industrial structure upgrading coefficient of the Internet Research Center of Peking University as the core explanatory and explained variables to construct a spatial panel. Bin model performs regression analysis on the effect of digital inclusive finance in the upgrading of industrial structure. The results prove that the development of digital inclusive finance in this province and city has significantly promoted the upgrading of the regional industrial structure, and it has a positive overall effect on the upgrading of industrial structure.
Highlights
Inclusive finance aims to provide appropriate and effective financial services for all sectors of society that need financial services based on the principles of equal opportunity and business sustainability
The results prove that the development of digital inclusive finance in this province and city has significantly promoted the upgrading of the regional industrial structure, and it has a positive overall effect on the upgrading of industrial structure
This paper combs the theoretical analysis of the relationship between digital inclusive finance and industrial structure upgrading, and believes that digital inclusive finance can promote the upgrading of industrial structure by lowering the financial threshold and improving the efficiency of resource allocation
Summary
Inclusive finance aims to provide appropriate and effective financial services for all sectors of society that need financial services based on the principles of equal opportunity and business sustainability. Compared with traditional inclusive finance, digital inclusive finance uses digital technology to screen financial risks to reduce information asymmetry, and can efficiently provide quality services to small, medium and micro enterprises and low-income groups. Xing Yan (2015) [1] believes that inclusive finance breaks the restriction of traditional financial exclusion and makes a great contribution to social development and economic growth. Yuan Haidong (2018) [6] believes that inclusive finance lowers the threshold of financial services, improves the efficiency of resource allocation, promotes technological innovation of small, medium and micro enterprises, supports the development of disadvantaged industries, and promotes the upgrading of industrial structure. Liang based on the traditional panel model, and less on the spatial spillover effect between digital inclusive Finance and industrial structure optimization from the perspective of spatial correlation. Based on the existing research, this paper uses spatial econometric model to study the relationship between digital Inclusive Finance and industrial structure upgrading in China, and explores the correlation between them from the perspective of space
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