On the Impact of Digital Inclusive Finance on Economic Internal Circulation Based on the International Empirical Evidence
Based on the World Input-Output Tables,the paper calculates the degree of internal circulation of each country and empirically studies the impact of digital inclusive finance(DIF)on internal circulation.Empirical evidence shows that DIF promotes the internal circulation;namely,the higher the level of DIF development in a country,the greater the degree of internal circula-tion.Furthermore,after classifying countries into highly developed countries and under-developed ones,it was found that com-pared to highly developed countries,DIF has a greater effect on promoting the economic internal circulation in under-developed ones.The research not only deepens current understanding of DIF,but also provides empirical support for facilitating economic in-ternal circulation and promoting high-quality development in China.
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