夜间经济对居民消费及其结构升级的影响研究

Research on the Impact of Night-time Economy on Household Consumption and Its Structural Upgrading

夜间经济作为现代城市业态之一,已成为促进居民消费及其结构升级、刺激当前经济全面复苏的重要手段。利用校准后的夜间灯光数据和中国家庭金融调查2011—2017年微观家庭四期非平衡面板数据,实证检验了夜间经济对居民消费及其结构升级的影响。研究发现:夜间经济对居民总消费、发展与享受型消费和消费结构升级有显著的正向影响,对生存型消费的影响不显著。进一步的异质性检验表明,夜间经济对居民总消费及其结构升级的促进作用在受教育程度较高群体、高收入群体和受雇工作群体中更为显著。机制检验显示,家庭收入显著强化了夜间经济对居民消费及其结构升级的促进作用,家庭负债显著弱化了夜间经济对居民消费结构升级的促进作用,金融资产显著强化了夜间经济对居民总消费的促进作用。据此提出完善夜间活动基础设施、提高全民受教育水平、健全低收入群体福利制度、加大稳就业力度和减少居民负债压力等具体建议。

As China is promoting the“dual circulation”development pattern,a pattern that takes domestic development as the mainstay,with domestic and international development reinforcing each other,the priority of the upcoming work is to establish a systematic and perfect domestic demand system so that consumption will become the driving force of economic growth.As one of modern urban informal economies,night-time economy has played an important role in promoting household consumption,its structural upgrading and simulating the comprehensive economic recovery.However,very few empirical studies have been conducted to investigate the impact of night-time economy on household consumption and its structural upgrading.Moreover,research on heterogeneity and mechanism test is particularly insufficient.Based on the calibrated data of night light and China Household Finance Survey(CHFS),the present empirical study aims to reveal the impact of night-time economy on household consumption and its structural upgrading.The results show that night-time economy has a significantly positive impact on the total consumption,the development and enjoyment consumption and upgrading of consumption structure,while it has no significant impact on survival consumption.It’s indicated by the heterogeneity test that the positive effect of night-time economy on the total consumption and the upgrading of consumption structure is more significant among higher education group,high-income group and employed group.According to the results of mechanism test,total income significantly strengthens the impact of night-time economy on household consumption and its structural upgrading;household debt significantly weakens the impact of night-time economy on the upgrading of household consumption structure;financial asset status significantly strengthens the impact of night-time economy on the total household consumption.This paper contributes to the existing literature from two perspectives.Firstly,we discuss in this paper the theoretical mechanism of night-time economy’s impact on household consumption and its structural upgrading,which will expand the literature on night-time economy and household consumption from a new perspective.Secondly,different from previous studies which attempted to clarify the impact of night-time economy on household consumption,we categorized household consumption into survival consumption,development and enjoyment consumption.Meanwhile,the upgrading of household consumption structure was defined as the proportion increase of development and enjoyment consumption in the total consumption.The impact of night-time economy on total household consumption,development and enjoyment consumption and the upgrading of consumption structure was investigated.As for the impact of other factors such as education,income and job types,we conducted heterogeneity analysis to explore the differences between different consumption groups the impact of night-time economy on household consumption and its structural upgrading.We further explored the regulatory role of household income,household debt and financial assets in the impact of night-time economy on household consumption and its structural upgrading.This paper reveals the underlying relationship between night-time economy and Chinese household consumption,which will provide insights for governments’policy-making to promote household consumption under the“dual circulation”development strategy.It will also help policy-makers to design differentiated support policies for different consumer groups so as to give full play to the role of night-time economy in promoting household consumption.