THE ENTREPRENEURIAL MECHANISM OF DIGITAL FINANCE FOR INCLUSIVE GROWTH—EVIDENCE FROM CHINA

Inclusive growth is an important goal of economic development. Active entrepreneurial activities have brought a large number of new jobs, which make development benefit more people and become an important means to achieve inclusive growth. However, financial constraints often become an obstacle for entrepreneurial activities. This paper studies the mechanism of using digital financial development to alleviate the constraints of venture capital and achieve inclusive growth. It is found that digital financial development is indeed conducive to the development of entrepreneurial activities to achieve inclusive growth, and the use depth and digital degree of digital finance play a more significant role in easing the constraints of venture capital.