Digital Finance,Upgrading of Industrial Structure and High-quality Development of Real Economy
This paper selects 30 provinces in China from 2011 to 2022 as research object to empirically examine the impact of digital finance on the high-quality development of the real economy and its mechanism.The research results go as follows:Digi-tal finance can significantly improve the high-quality development level of the real economy,and has a significant positive spatial spillover effect on neighboring regions.The regional heterogeneity test shows that digital finance has a significant enabling effect on the high-quality development of the local real economy in the three regions and the neighboring regions,but its impact on the high-quality development of the local real economy in the central and western regions is higher than that in the neighboring re-gions.The impact of digital finance on the high-quality development of the real economy is characterized by the heterogeneity of"eastern region>central and western region".The mechanism test confirms that the rationalization and upgrading of industrial structure are the key transmission mechanisms for digital finance to release the high-quality development dividends of the real economy.
digital financehigh-quality development of the real economyindustrial structure upgradingspatial economet-ric model
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