An Empirical Study On The Impact Of Inclusive Finance On High-quality Economic Developmen

With the continuous development of China’s economic strength,the concept of Inclusive Finance has gradually entered the public’s vision.Inclusive Finance represents the comprehensiveness and universality of financial services,which is reflected in its ability to penetrate every household and provide financial services for all types of people.Comprehensiveness refers to the diversification of its service content,which can involve deposit and loan Securities and other financial services can meet the financial needs of those who need financial services in an all-round way.While providing convenience for people,they can narrow the income gap between urban and rural areas,developed areas and poor areas,so as to improve the efficiency of economic development and effectively improve the quality of economic development.The report of the 19th CPC National Congress pointed out that socialism with Chinese characteristics has entered a new period,and the main contradiction in Chinese society has been transferred from the contradiction between the people’s growing demand for a better life and unbalanced development.It’s not realistic.With the improvement of social productivity,we should pursue a development model with high quality,low energy consumption and the ability to promote economic construction and cultural construction.This leads to another concept of this paper-high-quality economic development.High quality economic development not only puts forward requirements for development in terms of "quantity",but also pays attention to "quality" development while economic development."Quantity" represents the total amount of economic development,that is,productivity."Quality" reflects the economic benefits in the process of economic development.The meaning of economic benefit can be measured by the human and material resources consumed in the development of economy and the impact on society.The improvement of the quality of economic development can effectively reduce the emergence of social problems and help solve people’s demand for a better life.Shandong Province is located in the eastern coastal area of China,which has certain geographical advantages,and its economic development is also in the forefront.Once,the economic development of Shandong Province mainly depended on natural resources,the innovation ability was not high,and the effective utilization rate of resources was not high.The impact of the income gap between urban and rural areas is constantly emerging.Financial institutions are often prone to "financial discrimination" against poor areas and rural institutions because they consider the income from development investment,resulting in the lack of financial services and difficulties in financing.As a result,the places most in need of financial services often do not get the required financial services,which aggravates the income gap and "financial discrimination",Form a vicious circle.Therefore,how to improve the quality of economic development and promote high-quality development has become a problem that Shandong Province needs to face in recent years.From the perspective of Inclusive Finance,this paper explores the impact of the extension of financial services and the expansion of service scope on the economy.By upgrading financial services,inclusive finance can make it different from the traditional mode of financial development,expand the scope of services,fill the local financial vacancy,ensure that all kinds of people can get the financial services they need,and solve the problem of unbalanced development and income gap to a certain extent,thus affecting the high-quality development of the economy.This paper explores the specific connotation,measurement methods and influencing factors of Inclusive Finance through the connotation and measurement of Inclusive Finance,and then summarizes the literature of high-quality economic development from three aspects: the connotation,measurement and influencing factors of high-quality economic development.Finally,it discusses the specific impact of Inclusive Finance on high-quality economic development,explores the impact on high-quality economic development from the service scope,service population and the construction indicators of Inclusive Finance,and constructs the inclusive financial indicators of Shandong Province,Finally,the impact of financial development threshold and high-quality regression model on the economy is analyzed.The results show that there is a linear relationship between Inclusive Finance and high-quality economic development in Shandong Province,but there is no obvious threshold effect,indicating that the development of Inclusive Finance has a direct impact on high-quality economic development.Combined with the analysis of the actual situation,we should strengthen the service capacity of financial institutions,fill the vacancy of financial services,improve the market supervision mechanism,vigorously build Internet finance,improve the inclusive financial development index,and improve the quality of economic development,so as to promote the efficient development of the economy of Shandong Province.