The impact of digital financial development on the economic development of cities in Jiangsu Province——Empirical test based on the spatial lag model

Abstract

In recent years, with the application of big data, cloud computing and other digitalization and informatization in various fields, digital finance is changing the operating system of the traditional financial industry at an extremely fast speed, breaking through the bottleneck of the original economic development, giving better play to the role of finance in supporting the real economy, and further promoting the economic development of provinces and cities in China. This paper first summarizes the current research results of digital inclusive finance, and discusses its relationship with the real economy; Secondly, it analyzes the channels that digital finance affects regional economic development; Furthermore, this paper starts from the multi-dimensional connotation of high-quality development, and uses the spatial economics analysis method to study the relationship between digital finance and economic development in Jiangsu Province; Finally, based on the overall research conclusions of this paper, the relevant policy recommendations are put forward.