Research On The Impact Of Digital Inclusive Finance On The Upgrading Of Industral Structure In Shandong Province

At present,China ’s economic development has gradually changed from a high-speed growth stage to a high-quality development stage,which is in a critical period of transforming the development mode and transforming the growth momentum.Actively promoting the upgrading of industrial structure is an important measure to gradually change the extensive development mode and promote high-quality economic development.Finance is the core of the modern economy and plays a vital role in all stages of industrial development and upgrading.The biggest drawback of traditional finance is financial exclusion.It is difficult for the real economy to obtain and enjoy comprehensive financial services.Different from traditional finance,digital inclusive finance is through the integration of digital technology and the financial industry.The groups that are excluded from traditional finance can enjoy financial services that match their needs.The threshold is low and the accessibility is strong.It can effectively reduce the financing costs of small and medium-sized enterprises,improve the external financing environment of enterprises,promote the innovation and development of high-tech industries,and promote the upgrading of industrial structure.At present,the research on the impact of digital inclusive finance on the transformation and upgrading of industrial structure is mainly based on the macro level of China ’s eastern,central and western regions,which verifies the hypothesis that digital inclusive finance can promote the upgrading of industrial structure,and there is regional heterogeneity,and the impact on the west is more significant.Shandong Province is one of the coastal provinces in China.Shandong ’s resource endowment and economic development form are typical.It is a big province that accelerates the upgrading of industrial structure by transforming old and new kinetic energy.Compared with the central and western regions,the digital inclusive finance in Shandong Province develops faster.So for Shandong Province,does the digital inclusive finance in this region promote the continuous upgrading of industrial structure ? If there is a correlation between the two,and what path is it through ? Therefore,this paper takes Shandong Province as an example to explore the relationship between digital inclusive finance and industrial structure upgrading in the region.Through empirical research,it is concluded that : first,digital inclusive finance has a positive impact on the optimization and upgrading of industrial structure in Shandong Province;secondly,digital inclusive finance in Shandong Province has an indirect positive effect on the upgrading of industrial structure through two paths of capital accumulation and consumption demand,and the path of technological innovation is interrupted.Thirdly,from the perspective of heterogeneity,there is a single threshold for the impact of the breadth of digital inclusive financial coverage and the depth of digital inclusive financial use on the upgrading of industrial structure in Shandong Province,while there is no threshold effect on the degree of digitization of digital inclusive finance in Shandong Province.Based on the above research conclusions,this paper starts from the current situation of digital inclusive finance development in Shandong Province,and based on the mechanism of digital inclusive finance affecting the upgrading of industrial structure in Shandong Province,puts forward measures and suggestions to promote the gradual upgrading of industrial structure in Shandong Province,and makes efficient use of digital inclusive finance in Shandong Province to promote the extension of the path of industrial structure upgrading.