数字经济促进居民服务消费的微观效应研究——基于中国家庭金融调查数据的经验证据

Research on the Micro Effect of Digital Economy Promoting Resident Service ConsumptionWith empirical evidence based on Chinese household finance survey data

采用2017年和2019年中国家庭金融调查数据(CHFS),文章从微观视角研究数字经济对居民家庭服务消费的经济效应和影响机制。首先,基于因子分析法构建了家庭层面的数字经济指数,实证结果发现家庭数字经济能够显著促进居民家庭的服务消费。其次,数字经济可以通过缓解收入与消费的不确定性冲击、缓解流动性约束以及扩大家庭社会网络三个渠道促进居民服务消费。最后,异质性分析表明,数字经济对服务消费的促进作用在高数字创新要素水平和高数字基础设施区域以及低金融素养和低教育程度的家庭更为显著。结论对发展数字经济和促进居民服务消费等提供了新的视角。

This paper uses the 2017 and 2019 China Household Finance Survey(CHFS)data to study the economie ffect and impact mechanism of digital economy on bhousehold service consumption.Firstly,it constructs the household digital economy index based on factor analysis.The empirical results show that the household digital eonomy can significantly promote the service consumption of households.Secondly,the mechanism analysis shows that the digital economy can promote residents'service consumption through three channels:alleviating the uncertain impact on household income and consumption,alleviating liquidity constraints,and expanding fami-ly social networks.Finally,the heterogeneity analysis shows that the promotion ffect of the digital economy on service consumption is more significant in areas with high levels of digital innovation elements and high digital infrastructure,as well as in households with low financial literacy and low educational attainment.The conclusion of this paper provides a new perspective for proposing policies such a developing the digital economy and promoting residents'service consumption.