Impact and Mechanism of Digital Inclusive Finance on Economic Development of Resource-based Cities
Accelerating the economic development of resource-based cities is an important aspect of pro-moting regional coordinated development.Based on the panel data of 115 resource-based cities in China from 2011 to 2020,this study examines the impact and mechanism of digital inclusive finance on the economic de-velopment level of resource-based cities.The research finds that digital inclusive finance significantly pro-motes the economic development level of resource-based cities,and this conclusion also holds after robust tests.The promotion effect of digital inclusive finance on the economic development level of resource-based cities is more pronounced in declining resource-based cities and works mainly through the coverage breadth of digital inclusive finance.Digital inclusive finance primarily improves the economic development level of re-source-based cities through three pathways:promoting industrial structural upgrading,fostering entrepreneur-ship for employment,and enhancing the driving effect of the non-state economy on economic development.Therefore,it is important for the resource-based cities to fully utilize the digital inclusive finance to empower the industrial upgrading,entrepreneurship,and the development of non-state economy,thus generating new driving forces for economic growth.
Digital inclusive financeEsource-based citiesTransformation of resource-based citiesUpgrade of industrial structure
NETL
NSTL
万方数据
