Study On The Influence Of Digital Inclusive Finance On Regional Green Development Efficiency

Since entering the new era,China’s economic development level has been growing rapidly and its strength has been rising.However,the problems of high energy consumption and high environmental pollution brought about by this growth model have become more and more serious.The development of the economy is no longer limited to quantitative growth,but focuses on qualitative changes while increasing increments.Therefore,the next stage after rapid economic growth is to promote the development of green economy.With the emergence of digital inclusive finance,the digital economy has become the key to a new round of industrial revolution and an important step in China’s ecological economic transformation.Its environmental protection,diversity,and shared characteristics have added new impetus to China’s economic development.This paper firstly summarizes the literature review of digital financial inclusion and green development efficiency,and puts forward the research hypothesis of this paper based on the theoretical basis of financial technology and green development,analyzes the current characteristics of digital financial inclusion and green development efficiency,and proposes existing problems and possible causes.The fixed-effect models were constructed respectively from the three perspectives of the total index of digital financial inclusion and its dimensional indicators "financial coverage breadth,digitalization degree and financial use depth" to carry out sub-sample regression,and to test the overall effect,structural effect and intermediary effect respectively.The analysis uses the SBM-DDF model to measure the green total factor productivity of 30 provinces in China(excluding Tibet)to replace the regional green development efficiency level,and decomposes the green total factor productivity index into green technological progress and green technological efficiency for robustness.test.The main conclusions are:(1)The green total factor productivity index of all provinces(excluding Tibet)in the country is basically greater than 1,indicating that the development level of my country’s green economy has shown an increasing trend,and with the increase of years,the index data gradually increased.If the value of green development efficiency index increases,the values of green development efficiency indicators in different provinces are different,and the differences are large,and the national green development efficiency level also has an unequal spatial distribution pattern.(2)The development of digital inclusive finance has promoted the improvement of green development efficiency to a certain extent,and there is an overall effect,and the empirical results of dimension indicators also show a structural effect.(3)Relying on its own characteristics,digital inclusive finance has weakened the information asymmetry of regional enterprises,lowered the financing threshold of financial institutions,and increased regional R&D investment,thereby promoting the rise of local technological innovation,and investors increasing the Investment in green industries has improved the efficiency of regional green development.(4)Due to differences in geographical environment,economic development level,and policy implementation,the eastern region has a superior geographical environment,and with the passage of time,the infrastructure it has is relatively complete,and a good environment and infrastructure are more helpful.The implementation of environmental policies by the government has promoted the development of the green economy and at the same time driven the development of the regional economy.This reciprocation has created the innate development advantages of the eastern region and provided a strong boost for industrial production and industrial transformation and upgrading.Therefore,the number of The promotion effect of inclusive finance on the efficiency of green development in the east is more significant.Similarly,the significant effect in the central region is second,and the west is the weakest.Based on the conclusions drawn,the following countermeasures and suggestions are put forward: first,publicize the economic goals in place to improve the public’s awareness of green development;second,make a reasonable and comprehensive plan for the development of digital inclusive finance throughout the country.Third,increase the investment of financial institutions in green-related industries;fourth,attach importance to the ability of digital inclusive finance to expand industrial technological innovation,and promote the transformation and upgrading of the industry;fifth,better improve and build the system of digital inclusive finance,Strengthen the supporting role of digital inclusive finance on green efficiency,and promote the development of digital inclusive finance towards high quality and high standards;sixth,relevant regional governments need to introduce policies and systems to ensure the stable growth trend of regional green development efficiency.