摘要
本文基于2011-2017年省级面板数据,构建动态面板模型,实证研究了数字普惠金融对居民消费水平和结构的影响及其作用机制。研究发现:数字普惠金融提升了居民消费水平,优化了居民消费结构,实现了居民消费结构升级,经过内生性处理和稳健性检验后,这一结论仍然成立;数字普惠金融对消费水平和结构的影响因总体消费水平高低、结构化消费水平高低、消费群体以及数字普惠金融结构的差异而呈现异质性;数字普惠金融主要通过缩小城乡收入差距和优化产业结构两种机制提升居民消费水平和优化消费结构。本文拓展了数字普惠金融对居民消费影响的研究边界,丰富了关于居民消费结构的文献,并为中国扩大内需和经济转型升级提供了有益思考。
This paper uses the 2011-2017 provincial panel data to empirically study the impact of digital financial inclusion on the level and structure of household consumption and its mechanism.First,the study found that digital financial inclusion has improved the consumption level of residents,optimized the consumption structure of residents,and realized the upgrading of the consumption structure of residents.This conclusion is still valid through endogenous treatment and robustness test.Second,the impact of structure is heterogeneous due to differences in overall consumption levels,structured consumption levels,consumer groups,and the structure of digital inclusive finance.Third,digital inclusive finance promotes the residents’consumption level and optimizes the consumption structure mainly by reducing the income gap between urban and rural areas and optimizing the industrial structure.This article expands the research boundary of the impact of digital financial inclusion on household consumption,enriches the literature on household consumption structure,and provides useful thinking for China’s expansion of domestic demand and economic transformation and upgrades.
作者
江红莉
蒋鹏程
JIANG Hong-li;JIANG Peng-cheng(School of Finance and Economics,Jiangsu University,Zhenjiang 212013,China)
出处
《现代财经（天津财经大学学报）》
CSSCI
北大核心
2020年第10期18-32,共15页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
基金
国家自然科学基金(71863001)
江苏省研究生科研创新计划项目(KYCX20_3055)。
关键词
数字普惠金融
居民消费水平
居民消费结构
异质性
作用机制
digital inclusive finance
residents’consumption level
residents’consumption structure
heterogeneity
mechanism
作者简介
江红莉,女,江苏大学财经学院副教授,主要从事数字金融,绿色金融研究;通讯作者:蒋鹏程,男,江苏大学财经学院硕士生,主要从事金融风险管理,数字金融研究。
