数字金融对经济高质量发展的影响研究

Research on the Impact of Digital Finance on High-Quality Economic Development

摘要: 随着科技的迅速发展，数字技术在金融行业的广泛运用促进了新型金融模式的诞生——数字金融。这一领域成为推动经济高质量发展的关键力量。现有研究主要集中于数字金融与经济高质量的整体关系，很少对数字金融的子维度进行研究。本文基于2011~2020年，中国31个省级行政区(除西藏、香港、澳门外)的面板数据，对数字金融与经济高质量发展关系开展研究。首先梳理了相关文献，并构建面板固定效应模型进行实证检验。最后对基本回归结果、分维度回归结果进行实证分析。研究结果表明：数字金融及其三个子维度对经济高质量发展具有显著的正向影响，其中使用深度仍是现阶段发挥作用的主要途径，而数字化程度的影响效果则相对较为有限。并且上述结论经稳健性检验后依然成立。

Abstract: With the rapid development of science and technology, the wide application of digital technology in the financial industry has promoted the birth of a new financial model—digital finance. This field has become a key force in promoting high-quality economic development. The existing research mainly focuses on the overall relationship between digital finance and economic quality, and rarely studies the sub-dimensions of digital finance. Based on panel data from 31 provincial-level administrative regions in China (excluding Tibet, Hong Kong, and Macao) from 2011 to 2020, this paper studies the relationship between digital finance and high-quality economic development. Firstly, the relevant literature was sorted out, and a panel fixed effect model was constructed for empirical testing. Finally, the basic regression results and multi-dimensional regression results were empirically analyzed. The results show that digital finance and its three sub-dimensions have a significant positive impact on high-quality economic development, among which the depth of use is still the main way to play a role at this stage, while the impact of digital degree is relatively limited. And the above conclusions are still valid after the robustness test.