Fig 1.
Mechanism of the effect of digital inclusive finance on industrial transformation.
Table 1.
Digital inclusive financial indicator system.
Table 2.
Descriptive statistics of variables.
Table 3.
Basic regression results.
Table 4.
Regression results of decomposition items.
Table 5.
Stability test results.
Table 6.
Estimation results of instrumental variable method.
Table 7.
Estimated results of mediating variable method.
Table 8.
Income level heterogeneity.
Table 9.
Heterogeneity of innovation level.