Research on Digital Inclusive Finance Empowering the Development of the Real Economy in Zhejiang Province——An Empirical Analysis based on 11 Prefectures(Cities)
As one of China's first pilot demonstration zones for digital economy development,Zhejiang Province has continuously deepened financial digital reform in recent years to enhance the breadth and depth of financial services,thereby supporting the growth of the real economy.Based on the balanced panel data of 11 prefectures(cities)in Zhejiang Province from 2011 to 2022,this paper empirically studies and discusses the mechanism of digital inclusive finance empowering the development of the real economy in Zhejiang Province.The results show that digital inclusive finance in Zhejiang Province has a significant positive effect on the real economy.Technological innovation and industrial structure upgrading are the main intermediary channels for digital inclusive finance to empower the real economy.Heterogeneity analysis shows that the higher the level of material capital investment under the one-way threshold,the more obvious the effect of digital inclusive finance on promoting the growth of the real economy.
digital financial inclusionreal economybalanced panel datathreshold effectmediation effect
NETL
NSTL
万方数据
