数字普惠金融助推产业结构升级的效果与机制研究OA北大核心CHSSCD

This paper uses a fixed-effect model,selects panel data of 277 prefecture-level cities during 2011-2018 to study the impact of digital inclusive finance on the upgrading of urban industrial structure,and analyzes the internal mechanism of the impact through the mediating effect model and threshold effect model.The findings show that digital inclusive finance has a significant contribution to the upgrading of urban industrial structure,which is mainly achieved through the breadth of coverage and the depth of use of digital inclusive finance.Digital inclusive finance can not only directly influence the industrial structure,but also indirectly promote the upgrading of urban industrial structure by influencing technology innovation,consumption level and traditional finance.Digital inclu-sive financial has improved the industrial structure of cities in the eastern and central regions,without affecting the industrial structure of cities in the western region.The impact of digital inclusive finance on urban industrial struc-ture is non-linear,and the impact of digital inclusive finance will be gradually strengthened when the level of digital inclusive finance,traditional finance,and science and technology R&D exceed the threshold value,and the posi-tive impact shows a trend of firstly weakening and then strengthening when the education level exceeds two thresh-olds in the domain. The innovations are as follows.(1)This paper is different from other literature in one or many aspects in re-search methods,model setting,variable selection and measurement,and heterogeneity testing.(2)This paper verifies the impact of digital inclusive finance on the upgrading of industrial structure at the overall level and analy-zing its internal mechanism,and explores the differences in the impact of different dimensions of digital inclusive fi-nance on industrial structure.This paper also conducts a regional heterogeneity test on the effectiveness of digital inclusive finance in promoting industrial structure improvement. The policy implications are as follows.(1)The government should encourage the development of digital inclu-sive finance,expand the coverage of digital inclusive finance,and make digital inclusive finance benefit more are-as.(2)Local governments should take advantage of the opportunity of the digital economy and the"Internet Plus"development strategy to accelerate the construction of digital infrastructure,optimize the soft environment for the de-velopment of digital inclusive finance,and enhance the role of digital finance in the upgrading of industrial struc-ture.(3)It is necessary to fully leverage the role of digital inclusive finance in promoting technical innovation,im-proving residents'consumption level,and promoting the development of traditional finance,thus further promoting the optimization and upgrading of industrial structure.(4)For the underdeveloped areas in the western region,the first step is to improve traditional financial services,enhance resident's understanding of finance,and their aware-ness of using financial tools,and improve local technology and education levels to create a good foundation for the implementation of digital inclusive finance.