The Impact of Digital Inclusive Finance on the High-quality Development of Regional Economy

-- Taking Anhui Province in China as an Example

Abstract

In recent years, with the rapid development of science and technology, the level of digital inclusive finance in China has been continuously improved, and the economy has also changed from high-speed development to high-quality development. The popularization of digital inclusive finance has promoted the full coverage of financial services and high-quality economic development in China, further enhanced the availability and stability of social groups, improved the utilization efficiency of inclusive finance and realized the sustainable development of financial service industry. The impact of China's digital inclusive finance on economic development is significant, but the economic development of different regions shows some differences. Based on the panel data of 16 cities in Anhui Province from 2011 to 2020, this paper constructs a comprehensive index to measure the quality of economic development, and combined with the digital inclusive finance index to explore the impact mechanism of digital inclusive finance on regional economy and high-quality development. The results show that digital inclusive finance has a significant positive effect on the high-quality economic development of Anhui Province, that is, digital inclusive finance can promote the high-quality economic development of Anhui Province.