Study on the Impact of Inclusive Finance on Economic Resilience and Industrial Structure Upgrading
Inclusive finance,as one of the"five big articles"of China's financial development strategy,is the driving force of future economic growth.At a time when economic,political and environmental factors are constantly fluctuating,the quality of the development of a national economic system is of Paramount importance.This paper explores the causal relationship and dynamic influence between inclusive finance,economic resilience and industrial structure upgrading,which is of great significance for strengthening China's economic system to cope with external shocks and realize economic self-hematopoietic.The results show that inclusive finance can promote economic resilience and industrial structure upgrading through multiple channels,but inclusive finance may inhibit industrial structure upgrading due to unreasonable financial structure and excessive financial problems.It is suggested to increase the penetration and use of inclusive finance,optimize the support for innovation and entrepreneurship projects,diversify and strengthen the supply of inclusive finance,optimize the supply side structure of finance,and guard against"financial excess".
inclusive financeeconomic resilienceindustrial structure upgradinggranger causality analysisVEC model
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