Research On The Impact Of Digital Inclusive Finance On High-Quality Economic Development

China’s economy has undergone a period of rapid growth since reform and opening,with economic and social development entering the new century,and China’s economy has been gradually entering a high quality development phase.This means that the beginning of economic development requires not only sustained growth of the total economy,but also coordinated development of all aspects of society.Its versatility is widely recognized.Therefore,it is a realistic and important question how to accelerate the transition of economic development to high quality.Digital inclusion finance,as a new type of financial services,can complement traditional financial services,provide financial services to groups not covered by traditional financial services,reduce financial exclusion,improve the efficiency,inclusiveness and precision of financial services,To alleviate imbalances and inadequacies in development and promote high-quality economic growth.Therefore,studying the impact of digital inclusive finance on the quality of economic development can provide references for achieving the quality of economic development,has a certain practical significance.Based on economic data from 266 cities across the country,the report analyzes the impact of digital inclusion finance on quality economic development.Firstly,in this paper,we define the concept of digital inclusive finance,review the relevant domestic and international literature,and presents the digital inclusive finance index system and its development status.Then,using the combination of subjective and objective methods,the high quality development index of China urban economy from 2011 to 2020 is calculated,and the direct impact,transmission channel and heterogeneity of Digital inclusion helps China’s economy grow at quality of China’s economy are theoretically analyzed.based on this,the relationship,transmission channel and heterogeneity between digital inclusion finance and high quality economic development are analyzed by using in the case of the two-way fixed effect model.Our results demonstrate that: First.Digital inclusionary finance and its three sub-indicators have obvious positive effects on the quality development of urban economy in China.Robust tests of various methods show that the results in this paper are robust.Secondly,digital inclusive finance can promote the concentration of highly qualified workers,promote innovation and thus promote high-quality economic development.At the same time,digital inclusion finance can contribute to green development by driving regional carbon reduction and reduction in regional carbon intensity,thereby contributing to high-quality economic development.Thirdly,Impact of digital inclusion finance on quality economic development varies across cities,levels,human capital and traditional financial development level.On the basis of the results of the study,we propose to invest more in infrastructure,improving the financing availability of micro,small enterprises and vulnerable groups,integrating traditional finance with digital inclusive finance,and grasping the relationship between overall advancement and key breakthroughs.