The Impact of Digital Inclusive Finance on Entrepreneurship:Based on Data Analysis of The Nine Mainland Cities in The Guangdong-Hong Kong-Macao Greater Bay Area
With the transformation of China's economic growth stage,Digital Inclusive Finance has become an important driving force for exploring new economic growth points,and playing an important role in stimulating regional economic vitality and promoting supply side structural reform.This article examines the impact of Digital Inclusive Finance on entrepreneurship and its underlying mechanisms based on data analysis of the nine mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area from 2016 to 2021.The research results show that Digital Inclusive Finance has a significant positive impact on entrepreneurship in the nine mainland cities.This result remains robust after being validated through methods such as removing some samples,using instrumental variables,and replacing econometric models.Further analysis shows that the depth of use,credit business,and digital level of Digital Inclusive Finance have a significant positive impact on entrepreneurship.In addition,heterogeneity analysis shows that the impact of Digital Inclusive Finance on entrepreneurial levels varies among different industries.Mechanism testing shows that Digital Inclusive Finance can improve the level of entrepreneurial activity by alleviating financing constraints and promoting technological innovation.The research conclusion is of great significance for understanding the role of Digital Inclusive Finance in the development of the Guangdong-Hong Kong-Macao Greater Bay Area,as well as formulating relevant policies to promote entrepreneurship and momentum transformation.
Digital Inclusive FinanceEntrepreneurial ActivityGuangdong-Hong Kong-Macao Greater Bay Area
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