数字普惠金融对居民消费的影响研究——基于空间计量模型的实证分析

The Impact of Digital Financial Inclusion on Household Consumption: An Empirical Analysis Based on a Spatial Econometric Model

基于中国2011~2018年中国省际的相关数据,使用空间计量模型分析数字普惠金融对中国居民消费的影响,并分别探究数字普惠金融对中国城乡居民消费的影响机制,结果表明,数字普惠金融的发展能够有效促进居民消费水平的提高;且通过对内部机制的疏导发现数字普惠金融可以通过收入、移动支付、消费信贷和保险促进消费。进一步分析发现,数字普惠金融对西部地区的影响大于东部地区。因此,在防范居民债务累积的前提下,政府应利用数字普惠金融的发展推动消费水平的提升;同时应重点发展数字普惠体系中的移动支付和互联网保险。

Based on Chinese interprovincial data from 2011 to 2018,this study analyzes the impact of digital financial inclusion on urban and rural household consumption levels in China using a spatial econometric model and investigates the mechanism of that impact.The findings show that the development of digital financial inclusion can effectively increase household consumption levels.The study also finds that digital financial inclusion can promote consumption through the internal mechanisms of income,mobile payment,consumer credit,and insurance.Further analysis shows that digital financial inclusion has a greater impact on the western region than the eastern region.Therefore,if an accumulation of household debt can be prevented,the government should promote an increase in consumption levels through digital financial inclusion while focusing on the development of mobile payment and Internet insurance in the digital inclusion system.