数字普惠金融对居民服务消费支出影响效应研究——来自面板工具变量法的证据

Research on the Effect of Digital Inclusive Finance on Residents’ service Consumption Expenditure——Evidence From the Panel Instrumental Variable Method

服务消费是促进我国构建新发展格局的重要着力点。后疫情时代,服务消费的“数字化”转型为我国消费市场及经济高质量发展注入了新的动能。本文从理论和实证两个层面研究数字普惠金融对我国居民服务消费支出的影响。实证研究结果表明:(1)数字普惠金融指数每增加1%,可以促进居民服务性消费增长约0.26%;(2)从数字普惠金融结构看,数字普惠金融覆盖广度和使用深度指数对居民服务性消费支出具有显著促进作用。为此,政府应持续完善数字普惠金融建设、健全社会信用体系、提升数字普惠金融可得性。

Service consumption is an important focus to promote the construction of a new development pattern in China. In the post epidemic era, the "digital" transformation of service consumption has injected new momentum into the high-quality development of China’s consumer market and economy. This paper studies the impact of digital Inclusive Finance on Chinese residents’ service consumption expenditure from both theoretical and empirical levels. The empirical results show that:(1) Every 1% increase in the digital inclusive financial index can promote the growth of residents’ service consumption by about 0.26%.(2) From the perspective of the structure of digital financial inclusion, the coverage and depth index of digital inclusive finance can significantly promote residents’ service consumption expenditure. Therefore, this paper proposes that the government should continue to improve the construction of digital financial inclusion, improve the social credit system, and improve the availability of digital financial inclusion.