A Study on Measuring the Efficiency of Digital Inclusive Finance Enabling High-Quality Fiscal Development in Provinces

Abstract

With the rapid development of the global economy, digital inclusive finance as a new innovative model directly affects the real economy, which also has a boost for local government finance. In order to realize digital inclusive finance empowering local financial development, this paper takes 31 provinces' financial development as the research object, selects digital inclusive finance data and 31 provinces' panel data during 2015-2021, and applies DEA three-stage data envelopment analysis to construct the evaluation index system of the efficiency of each province's financial development based on the environmental indicators, which contains input indicators, output indicators and environmental variables and combines with the Malmquist index for dynamic analysis, found that South China has the highest efficiency after empowerment, while Northwest China has the lowest, at the same time, need to pay more attention to the environment in East China and North China, and the total factor productivity is affected by the epidemic in 2021 and the trade friction between China and the United States, showing a decreasing trend. Accordingly, this paper proposes to deepen the depth of the use of digital inclusive finance by strengthening the cooperation between relevant technology and financial companies and other suggestions to emphasize the development of digital inclusive finance, pay attention to the impact of environmental factors, and appropriately increase the scale of implementation and other countermeasures.