数字金融与家庭发展韧性--基于CHFS数据的实证研究

Digital Finance and Household Development Resilience:An Empirical Study Based on CHFS Data

本文运用2013—2019年四轮中国家庭金融调查数据与中国数字普惠金融指数,研究数字金融对家庭发展韧性的影响路径及作用机制。研究发现,数字金融显著提高了家庭发展韧性,并增强了脱贫群众内生发展动力。机制分析表明,数字金融发展主要通过风险分担、资产积累以及促进地区经济增长等途径提高家庭发展韧性。路径分析表明,数字金融通过保护家庭免受冲击并刺激家庭生产力发展来提高家庭发展韧性。进一步对数字金融的溢出效应进行验证,尚未发现数字金融带来的“数字鸿沟”现象。最后,在当前中国情境下,移动支付塑造家庭发展韧性的作用要远远大于其他数字金融工具。基于以上分析,本文对如何更好地创新数字金融工具,以及如何巩固脱贫成果提出政策建议。

This paper uses the data of the four rounds of China’s household finance survey from 2013 to 2019 and the data of China’s digital financial inclusion development index to study the impact path and mechanism of fintech on family development resilience.The study found that digital finance has significantly improved the resilience of family development and enhanced the endogenous development motivation of people who have been lifted out of poverty.The mechanism analysis shows that the development of fintech improves the resilience of family development mainly through risk sharing,asset accumulation,and promotion of regional economic growth.Path analysis shows that fintech improves household development resilience by protecting households from shocks and stimulating household productivity development.Further verification of the spillover effects of fintech has not found the phenomenon of“digital divide”brought about by digital finance.Finally,in the current situation in China,the role of mobile payment in shaping the resilience of family development is far greater than that of other fintech tools.Based on the above analysis,this paper puts forward policy suggestions on how to better innovate fintech tools and consolidate the results of poverty alleviation.