Digital Inclusive Finance,Innovation Drive and High—Quality Economic Developmentin Guangxi
In order to clarify the interrelationship between digital inclusive finance,innovation drive and high-quality economic development,a fixed-effects model is used to analyze the synergistic impacts of digital inclusive finance,innovation drive on high-quality economic development based on the provincial-level panel data of China from 2012 to 2021.A panel threshold model with digital financial inclusion as the threshold is developed to clarify how innovation drive promotes high-quality economic development,and impulse response functions are used to assess its long-term and shock effects.The study finds that:Digital inclusive finance significantly promotes high-quality economic development;The breadth of coverage and depth of use of digital inclusive finance have a significant positive impact on high-quality economic development,and the impact is more significant in the central and western regions;Digital inclusive finance can promote high-quality economic development by promoting innovation drive.
Digital Inclusive FinanceInnovation-DrivenGuangxi EconomyHigh-Quality Development