Analysis of the Influence Mechanism and Threshold Effect of Digital Inclusive Finance on the Transformation of Scientific and Technological Achievements
In order to efficiently utilize digital inclusive finance to promote the transformation of scientific and technological achievements,utilizing the panel data of 31 provinces from 2011 to 2021 in China,adopting the fixed effect model and the mediation effect model mediated by the innovation participation degree and the innovation output capacity,and based on the multiple perspectives of heterogeneous effect and nonlinear effect,empirically researching the the impact of digital inclusive finance on the transformation of scientific and technological achievements.The study finds:First,the direct effect of digital inclusive finance on the transformation of scientific and technological achievements is positive and there is a cumulative incremental effect;Second,the mechanism analysis shows that digital inclusive finance can promote the transformation of scientific and technological achievements by increasing innovation participation and innovation output capacity,and the mediating effect of innovation output capacity is stronger;Third,the heterogeneity analysis shows that in the central and western regions,the positive effect on the transformation of scientific and technological achievements is stronger;Fourth,there is a significant dynamic nonlinear relationship between the impact of digital inclusive finance on the transformation of scientific and technological achievements,and there is a hindering effect before the threshold,and the nonlinear characteristic of increasing marginal effect only after the threshold is crossed.However,the moderating effect of innovation participation is smaller than that of innovation output capacity.We should actively develop China's digital inclusive finance,promote the efficient integration of information technology and traditional finance,promote the in-depth integration of digital inclusive finance and the transformation of scientific and technological achievements,and implement differentiated and dynamic strategies for the transformation of scientific and technological achievements.
digital inclusive financetransformation of scientific and technological achievementsheterogeneityintermediary effectthreshold effect
万方数据
维普
