Path Analysis And Spatial Effect Study Of Digital Finance On Industrial Structure Optimization Based On Supply And Demand Perspective

With the continuous development of Internet technology,related digital technologies such as cloud computing and big data have been applied to the financial field,and digital finance has been continuously popularized.Digital finance uses financial technology to innovate traditional finance,expand the scope of financial services,and enable more vulnerable groups such as small and medium-sized enterprises and low-income groups to obtain financial services at a more reasonable cost.The development of digital finance has broadened the financing channels of small and medium-sized enterprises,improved their business environment,optimized the efficiency of asset allocation,and helped the development of emerging industries.It has also stimulated the consumption of residents through credit services and digital payment methods,which has a great impact on the optimization and upgrading of my country’s industrial structure.Significant influence.Therefore,further explore the mechanism of digital finance on the optimization and upgrading of industrial structure and its spatial spillover effect,and provide corresponding policy suggestions for the rational and effective use of digital finance in various regions to promote the optimization and upgrading of industrial structure.This paper firstly sorts out the relevant literature on digital finance and industrial structure upgrading,and then defines the related concepts of digital finance and industrial structure.Digital finance promotes the optimization and upgrading of the industrial structure through the consumption of demand-side residents and the innovation and entrepreneurship of supply-side enterprises;The two indicators of structural rationalization measure the level of optimization and upgrading of my country’s industrial structure.my country is divided into eastern,central and western regions for comparative analysis.At the same time,the development status of the three dimensions of digital finance coverage,depth of use,and degree of digitalization is analyzed.Then,the mediation effect model was established to test the mediation effect of household consumption,technological innovation,and enterprise entrepreneurship,and to explore the mechanism of digital finance on the advanced and rationalization of the industrial structure.Finally,considering the space factor,the test Whether there is a spatial correlation between digital finance and the optimization and upgrading of industrial structure,a spatial Durbin model is established based on the inverse squared distance spatial weight matrix to explore the spatial spillover effect of digital finance on the advanced and rationalized industrial structure.The study found that digital finance has promoted the optimization and upgrading of my country’s industrial structure.On the demand side,digital finance optimizes the consumption structure of residents by stimulating residents’consumption,improving the level of residents’ consumption,and thus promoting the advanced and rationalization of the industrial structure.On the supply side,digital finance makes up for the deficiencies of traditional finance,eases the financing difficulties of small and medium-sized enterprises,releases a large number of business opportunities,promotes enterprise entrepreneurship,and has a positive transmission effect on the rationalization of my country’s industrial structure;in addition,digital finance By giving financial support to enterprises,it has promoted the technological innovation of enterprises,and has produced a positive conduction effect on the advanced and rationalization of my country’s industrial structure.Taking into account the spatial factors,it is concluded that digital finance has a negative spatial spillover effect on the advanced industrial structure,and the advanced industrial structure in the surrounding areas has a negative spatial spillover effect on the advanced industrial structure in the region;digital finance has a negative spatial spillover effect on the industrial structure.Structural rationalization presents a positive spatial spillover effect.Finally,based on the conclusions of empirical research,it is proposed to increase the development of digital finance,innovate related financial products,continuously improve network infrastructure,improve various functions of digital financial services,and improve residents’ awareness of digital financial products and services.,to increase investment in research and development of digital technology and other suggestions,so as to better promote the optimization and upgrading of the industrial structure.