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The expansion of the breadth of coverage and depth of use of digital finance greatly improves the efficiency of financial services to the real economy, and has an important impact on the economic development of local governments in China. This paper takes the provincial local government debt risk data from 2011 to 2020 as the research sample to deeply investigate the effect and mechanism of digital finance on local government debt risk. The results show that, firstly, digital finance can effectively suppress local government debt risk, and a significant long-term suppressive effect is found by quantile model test. Secondly, in the mechanism of action test, digital finance effectively alleviates local government debt risk through the path of local government fiscal transparency, and has played a significant regulating effect. Finally, based on different regions and development levels, the effect of digital finance on local government debt risk is found to be more significant in eastern regions and regions with high urbanization levels. The findings of this paper provide some theoretical value and practical significance for preventing the occurrence of local government debt risk and regional systemic risk. [ABSTRACT FROM AUTHOR]

The essay makes a judgment on the digital financial capabilities of cashew workers who are paid on a per-product basis. Digital financial services gained from financial inclusion. The capacity to conduct digital financial transactions is important for the growth of emerging economies. The digital economy is rapidly becoming the world's most significant driver of innovation, competitiveness, and growth. Despite the fact that many people have been excluded, the digital economy offers immense long-term potential to promote financial inclusion and economic progress. The CGAP defines digital financial inclusion as "the excluded and underserved population's digital access to and usage of formal financial services." In this paper, I'm attempting to examine the impact of financial inclusion on the financial competence of cashew workers in Kerala. The post provides important guidance for financial digital platform providers. [ABSTRACT FROM AUTHOR]

To further promote the theoretical research on digital finance's effective support for highquality development of the real economy, this paper reviews the current status of domestic and foreign research on the impact mechanism of digital finance on the real economy and the impact mechanism of digital finance on economic growth. At present, domestic and foreign research on the impact mechanism of digital finance on the real economy mainly includes the basic transmission mechanism featuring the improvement of financing availability and guiding the flow of funds in the real economy, and the indirect transmission mechanism using innovation and R&D as a channel. Domestic and foreign research on the impact mechanism of digital finance on economic growth mainly includes: the direct impact mechanism featuring the improvement of financial services universality and efficiency, and the indirect impact mechanism with resident consumption, innovation and entrepreneurship, industrial structure transformation, and business environment as the channels. Future research directions include: deepening the research on the indirect transmission mechanism of digital finance to the real economy; expanding the research on the indirect impact mechanism of digital finance on economic growth. [ABSTRACT FROM AUTHOR]

Green innovation activities of enterprises often fall into the dilemma of financing constraints. Hence, it is urgent that the financial system develops and becomes innovative, especially for a developing country like China. Existing literature mainly explores the influencing factors of green innovation from the environmental regulation, economic growth and government subsidies perspective. However, few papers critically study how digital finance influences green innovations. To explore the internal influencing mechanism of digital finance on the quantity and quality of green technology innovation, panel data of 271 prefecture-level cities from 2011 to 2019 in China is used. Based on theoretical analysis and empirical research, we get the following conclusions. First, digital finance can improve the quantity and quality of green technological innovation, which has become a significant driving force for green innovations in China. The results are still robust after the endogeneity tests. Second, the results of heterogeneous analysis indicate that the different dimensions of digital finance can improve green innovations. They include breadth of coverage, depth of use, and degree of digitization. The positive effect of digital finance is most substantial in eastern cities, followed by central cities, and weakest in western cities. Third, digital finance indirectly improves green innovation mainly by alleviating financing constraints. Our empirical results provide policy enlightenment for realizing the coordination of China's urban digital transformation and green economic development. • The effect of digital finance on the quantity and quality of green innovation is explored based on the actual background in China. • Digital finance has become a significant driving force for green innovation in China. • The different dimensions of digital finance can improve green innovations. • Digital finance plays a positive role in green technology innovation mainly by alleviating financing constraints. [ABSTRACT FROM AUTHOR]