数字普惠金融，产业结构升级与经济高质量发展——基于省级面板数据的研究

Digital Inclusive Finance, Industrial Structure Upgrading and High-Quality Economic Development—A Study Based on Provincial Panel Data

摘要: 作为我国经济高质量发展的重大机遇，“数字普惠金融”究竟会给我国区域经济发展带来什么？本文基于2011~2022年全国30个省份面板数据，运用中介效应模型对数字普惠金融对我国经济高质量发展的路径机制进行探索。结论表明，数字普惠金融的发展显著推动了经济的高质量发展。数字普惠金融通过提供便捷、低成本的金融服务，降低了企业融资成本，促进了产业升级，进而提升了经济效率和质量。异质性检验结果表明，数字普惠金融对于东、中与西部地区经济发展存在显著差异，对于中部地区影响程度大于东部地区，而西部地区影响程度又进一步增大。因此为了充分发挥数字普惠金融的作用，需要进一步完善政策金融服务体系、加强监管以促进我国经济高质量发展。

Abstract: As a major opportunity for the high-quality development of China’s economy, what exactly will digital inclusive finance bring to China’s regional economic development? This paper explores the path mechanism of digital financial inclusion on the high-quality development of China’s economy based on the panel data of 30 provinces across the country from 2011 to 2022, using the mediation effect model. The conclusion shows that the development of digital inclusive finance significantly promotes the high-quality development of the economy. By providing convenient and low-cost financial services, digital inclusive finance reduces the cost of enterprise financing and promotes industrial upgrading, which in turn improves economic efficiency and quality. The results of the heterogeneity test show that there is a significant difference between digital financial inclusion for the economic development of the eastern, central and western regions, with a greater impact on the central region than on the eastern region, while the impact on the western region is further increased. Therefore, in order to give full play to the role of digital inclusive finance, it is necessary to further improve the policy and financial service system and strengthen regulation to promote the high-quality development of China’s economy.