摘要
明晰普惠金融发展对居民福利的影响及其变动特征和作用渠道是共同富裕背景下提升居民福利的重要前提。本文基于我国2011~2020年省级面板数据,采用面板平滑转换回归(PSTR)模型实证分析了普惠金融发展对居民福利的影响。实证结果表明,普惠金融发展能够提升居民福利,且这一促进作用随着地区经济发展水平的提高而增强,产业结构升级、城镇化发展和地区财政支出对居民福利也具有非线性影响。基于一元并行多重中介模型的检验结果可知,普惠金融发展影响居民福利的地区差异性来源于作用渠道的不同,东部地区普惠金融发展通过就业渠道和财富渠道提升居民福利,而对于中部和西部地区而言,上述渠道对居民福利的作用不显著甚至会产生负向影响。因此,针对我国呈现的普惠金融非均衡化发展现状,在东部地区继续实施稳定的普惠金融相关政策的同时,应重点针对中西部地区实施以扩大就业和稳定财富为发展目标的普惠金融政策,推进中西部地区产业结构升级、城镇化发展,合理调整财政支出,同步提升区域间居民的整体福利。
It is an important premise to clarify the impact and its change characteristics and function channels of inclusive finance development on resident welfare.Based on China's provincial panel data from 2011 to 2020,this paper empirically analyzes the impact of inclusive finance development on resident welfare by using PSTR Model.The empirical results show that the development of inclusive finance can improve the resident welfare,and this promoting effect increases with the improvement of regional economic development level.The upgrading of industrial structure,urbanization development and fiscal expenditure also have a non-linear impact on resident welfare.Based on the test results of One-dimensional Parallel Multiple Intermediary Model,it shows that the regional differences in the impact of inclusive finance development on resident welfare come from different action channels.The development of inclusive finance in the eastern region improves resident welfare through employment channels and wealth channels,while for the central and western regions,the above channels have no significant or even negative impact on resident welfare.In this regard,based on the unbalanced development of inclusive finance in China,while continuing to implement stable inclusion financial-related policies in the eastern region,we should focus on the implement of inclusive finance policies aimed at expanding employment and stabilizing wealth in the central and western regions,promote the industrial structure upgrade and urbanize,adjust the fiscal expenditures rationally,so as to improve the overall resident welfare.
作者
齐红倩
刘倩含
Qi Hongqian;Liu Qianhan(Center for Quantitative Economics,Jilin University,Changchun 130012,China;School of Business and Management,Jilin University,Changchun 130012,China)
出处
《数量经济研究》
2022年第4期28-52,共25页
The Journal of Quantitative Economics
基金
国家社会科学基金项目“我国农村普惠金融协同供给、异质需求与长效机制”(21BJY041)的资助
关键词
普惠金融
居民福利
消费等价法
PSTR模型
一元并行多重中介模型
Inclusive Finance
Resident Welfare
Consumption Equivalence
PSTR Model
One-dimensional Parallel Multiple Intermediary Model
作者简介
齐红倩(1962-),女,吉林大学数量经济研究中心教授,博士研究生导师,研究方向为微观经济计量;刘倩含(1996-),女,吉林大学商学与管理学院博士研究生,研究方向为普惠金融发展。
