The Impact Mechanism of Digital Inclusive Finance on the Transformation and Upgrading of Jiangsu's Manufacturing Industry
This article is based on panel data from 13 cities in Jiangsu Province from 2011 to 2020,using system GMM estimation and mediation effect model to empirically test the impact mechanism of digital inclusive finance on the transformation and upgrading of Jiangsu's manufacturing industry.Research has found that digital inclusive finance has a significant positive impact on the transformation and upgrading of the manufacturing industry in Jiangsu Province.The accumulation of human capital and technological innovation have a transmission effect in this process,and the transformation of the manufacturing industry in Jiangsu Province is a gradual development process.Based on this,this article proposes policy recommendations such as improving digital inclusive financial services,emphasizing the enhancement of enterprises'independent innovation capabilities,strengthening talent cultivation and training,and building high-level opening-up to the outside world.
digital inclusive financemanufacturing upgradingsystem GMMintermediary effects
NETL
NSTL
万方数据
