Analysis Of Regional Differences And Influencing Factors Of China's Digital Financial Inclusion

This paper constructs an index system of China's digital Inclusive Finance Based on the Beijing University Digital Inclusive Finance Index(2011-2015),published by the Internet Finance Research Center of Peking University.On this basis,it empirically studies the regional disparity-imbalance and convergence of the development of digital inclusive finance,and adopts mixed regression,random effect panel regression and spatial econometric comparative study.The factors affecting the inclusive digital finance in the east,central and western regions are discussed.In order to analyze the spatial spillover effects of influencing factors,the direct and indirect effects are decomposed by the spatial effect decomposition method.Through the above research,this paper draws the following conclusions: Firstly,there are regional differences in the development of China's digital inclusive finance.From the decomposition of the Theil index,we can see that there are great differences among the eastern,central and Western Theil indices,among which the eastern development is the most unbalanced;the value of alpha convergence of China's digital Inclusive Finance shows a decreasing trend year by year;according to the beta convergence,we can see that the regional agglomerations have a faster growth rate.Secondly,from the perspective of influencing factors,the level of traditional financial development has an important positive impact on the development of digital inclusive finance;the degree of government intervention also has a positive impact on the development of digital inclusive finance;technological progress is great;The development of digital Inclusive Finance has been greatly accelerated,and the role of Internet application in promoting digital Inclusive Finance is more obvious in the backward areas of traditional finance;in addition,the urban-rural income gap has significant hindrance to the development of digital inclusive finance,so the problem of narrowing the urban-rural income gap should not be underestimated.