Analysis of the Effect of Digital Financial Inclusion in Promoting Inclusive Growth: Mechanism and Statistical Verification

As the main goal of economic development, inclusive growth (IG) is an important strategic measure to achieve common prosperity. Whether digital inclusive finance can make use of the advantages of scientific and technological innovation to promote IG is of great significance to promote the fairness, effectiveness, and inclusiveness of global development. Based on the panel data of 30 provinces in China from 2011 to 2021 (excluding Tibet, Hong Kong, Macao and Taiwan), this article first measures the IG index of China from three dimensions: sustainable economic growth, income distribution, and social equity. Subsequently, the article uses a series of mathematical statistical models to verify the transmission path and mechanism of the influence of digital inclusive finance on IG. The findings are as follows: (1) The level of IG in China shows a decreasing trend from east to middle to west, while the average annual growth rate of IG in the eastern region is obviously lower than that in the central and western regions; (2) digital inclusive finance has a significant promotion effect on IG, and digital inclusive finance in the central and western regions has a more obvious promotion effect on IG; (3) digital inclusive finance can achieve IG by increasing innovation activity and improving the level of human capital. Finally, based on the research conclusions, the article puts forward relevant policy suggestions, which provide reference value for formulating high-quality national development strategies and promoting high-quality economic development.