A Ststistical Study On The Impact Of Fintech On The Quality Development Of The Real Economy

Today’s society is undergoing drastic changes,and the global economy is entering a recovery phase after the epidemic.Because the real economy is the source of economic wealth growth in a country or region,it is becoming more and more important as China vigorously develops its real economy,while fintech is also showing strong vitality with the development of technology and has an impact on the high quality development of the real economy.Therefore,this paper attempts to sort out fintech and the high-quality development of the real economy,explore the impact of fintech on the high-quality development of the real economy,and provide experience for future research.Firstly,the literature is combed to elaborate on the relevant contents of fintech and the high-quality development of the real economy,and to introduce the relevant theories and mechanisms of action.Secondly,data from the National Bureau of Statistics,provincial and municipal statistical yearbooks and the EPS database are used to describe the current situation of fintech and the high-quality development of the real economy.Then,according to the reference literature and relevant theories,this paper constructs a real economy high-quality development indicator system containing 4 primary indicators and 19 secondary indicators of innovation,structure,environment and society,and calculates the weights using the entropy weighting method to obtain the real economy high-quality development levels of 30 provinces and cities(excluding Tibet)from 2011-2021.The Fintech measure chooses the indicator substitution method and uses the Digital Inclusion Index to represent the Fin Tech index.The Fintech measure opts for an alternative method of indexing.Finally,this paper constructs a coupled coordination model to study the relationship between the two systems.And a panel regression model is constructed to study the impact of fintech on the high-quality development of the real economy.The impact of fintech-driven technology inputs on the quality development of the real economy is explored using technology inputs as a mediating variable.Finally,the findings are summarised and recommendations are made.The findings show that(1)the level of high-quality development of the real economy has been increasing over time.At the regional level,the eastern region has the highest level of high-quality development of the real economy,the central region the second highest,and the western region the lowest.In terms of Fintech,again,the eastern region has the highest Fintech index,the central region the second highest and the western region the lowest.(2)From the coupled coordination model,the early stage was in a state of extreme dysfunction between Fintech and the high quality development of the real economy,but with the high quality development of Fintech and the real economy,it changed from a state of dysfunction to a state of coordination,but there is still a certain gap from a state of good coordination.(3)From the panel regression model,Fintech can drive the high-quality development of the real economy,but the effect differs from region to region.(4)From the intermediation effect,Fintech has an indirect impact on the high-quality development of the real economy through driving technological inputs,and there is a partial intermediation effect.