Study on the Impact of Digital Inclusive Finance on The Level of Entrepreneurship in The Yellow River Basin

Abstract

Based on the number of new enterprises registered for business each year to define the level of entrepreneurship, fixed effects are applied to study the mechanism of the impact of digital inclusive finance development on the level of entrepreneurship in the Yellow River Basin provinces from 2011 to 2020. It is found that:digital inclusive finance development as a whole is beneficial to enhance the entrepreneurship level of the provinces in the basin, mainly through three dimensions: breadth of coverage, depth of use and digitalization; further, it is found that the level of external openness and the level of resident consumption play a moderating role in the process of digital inclusive finance for entrepreneurship development. Therefore, it is suggested that achieving the level of entrepreneurship development in the Yellow River Basin requires the joint efforts of the government and market players, improving the level of external openness, and promoting the coordinated development of the upper, middle and lower reaches of the basin.