The Impact Model of Digital Finance on Regional Innovation Efficiency Based on Big Data Analysis

Since the reform and opening up, China's economy has experienced a golden growth period and achieved impressive results. Now it has entered a new economic normal, and the original economic growth model that relies on the accumulation and investment of tangible production factors is gradually switching to the path of innovation-driven development. According to the flow trend and spatial distribution of financial elements, China has successively promoted the construction of financial reform and innovation pilot areas in various regions and accelerated the creation of financial agglomeration areas, which shows that financial agglomeration has become the basic organizational form of modern financial industry. Especially during the transformation of innovative countries, financial industry, as the leading industry and power engine of regional economic development, is of great significance to the development of regional scientific and technological innovation. The results show that digital finance has a significant positive impact on the innovation efficiency of the province and a significant negative spatial spillover effect on the neighboring provinces.