Exploring the Connotations of New-quality Productivity and its Relationships with Others in the Perspective of Digital Inclusive Finance
The concept of new-quality productivity was first proposed by CPC General Secretary Xi Jinping during his visit to Hei-longjiang province in September 2023.New-quality productivity focuses mainly on technological innovation,abandons the traditional economic growth models and development paths of productivity,and exhibits high-tech,high-efficiency and high-quality character-istics.And digital inclusive finance uses digitalization and financial tools to support the regional economic development,improve the level of innovation in the regional financial technology and regional industrial upgrading.Based on this,this paper empirically examines the impact of digital inclusive finance on new-quality productivity by using the panel data from 30 provinces(autonomous regions and municipalities directly under the Central Government)in China from 2012 to 2022.The results show that digital inclusive finance can increase the level of new-quality productivity,the mechanism analysis shows that digital inclusive finance promotes the development of new-quality productivity by enhancing the scientific and technological innovation and upgrading the industrial structure,and the heter-ogeneity analysis shows that the impact of digital inclusive finance on new-quality productivity has obvious regional heterogeneity and stage characteristics.Therefore,the development of digital inclusive finance to support the regional new-quality productivity should rely on the"group-based"strategy,and corresponding strategies should be taken for the development of digital inclusive finance in different provinces to promote China's new-quality productivity to lead the high-quality development of China's economy.
digital inclusive financenew-quality productivityscientific and technological innovationupgrading of the industrial structure