Research On The Influence Of Digital Inclusive Finance On High-quality Economic Development In Jiangsu Province

With China entering the new normal stage of economy,the economic development model began to change from pursuing the quantity of economic growth to improving the quality of economic growth.The economic development of Jiangsu Province is in the forefront of the country,but at the same time of its rapid economic growth,it has encountered many problems,which hinder its high-quality economic development.In a new window of opportunity,digital Inclusive Finance,with its low threshold,high efficiency and wide coverage,reduces information asymmetry,enables the effective allocation of financial resources,increases the inclusiveness and efficiency of economic development,promotes high-quality economic development of Jiangsu Province.Through combing domestic and foreign research literature,this paper finds that there is little literature to directly study the impact of digital Inclusive Finance on high-quality economic development.The existing research is more based on national and provincial data,less related to prefecture and municipal data.Based on this,the present text takes 13 cities in Jiangsu Province as the research sample,first puts forward the related notions,theories and mechanism analysis of digital Inclusive Finance and high-quality economic development.Then,according to the new idea of high quality economic development,the exponent system is built and the exponent of high quality economic development of prefecture-level cities in Jiangsu province is reckoned by employing fixed base range entropy method.Furthermore,we use the coefficient of variation method,fixed effect model,instrumental variable model and panel threshold model to empirically analyze and draw a conclusion,and use a variety of robustness test methods to test the correctness of the conclusion.Finally,this paper presents some political proposals for promoting the high-quality economic development of Jiangsu Province.The results show that: first,the regional difference between digital Inclusive Finance and high-quality economic development in Jiangsu Province is narrowing;Second,the digital inclusive financial index and its three sub indexes coverage index,use depth index and digitization degree index can obviously promote high-quality economic development and reflect regional heterogeneity;Third,When the degree of urbanization is used as a threshold variable,the higher its value,the larger the positive impact of digital Inclusive Finance on high-quality economic development.Based on this,the following suggestions are put forward:focus on the development of urbanization and enhance the economic benefits of digital inclusive financial services;Continue to advance the growth of digital Inclusive Finance and drive rapid economic development;Decrease regional disparities and realize good economic development.