数字普惠金融影响居民消费升级的实证研究

An Empirical Study on the Effects of Digital Inclusive Finance on Residents′Consumption Upgrading

在数字信息技术飞速发展的时代背景下,传统金融面临着巨大挑战和机遇。随着中国经济发展红利的普及,数字普惠金融应运而生。基于2011—2021年我国省级面板数据,通过运用面板回归模型和面板门槛模型,实证研究数字普惠金融如何影响我国居民消费升级。研究发现:数字化金融的广泛应用助推居民消费升级,且这种作用是显著的;数字普惠金融对促进不同地区居民消费升级呈现差异化特征;数字普惠金融的发展经历了不同的阶段,对于居民消费水平的提升呈现出显著的正向非线性变化趋势,同时该趋势受到城镇化水平的调节。研究发现从多视角探讨数字普惠金融对居民消费升级的作用关系,将有助于指明数字普惠金融未来的发展方向,达到居民消费升级的目标,为我国新时代下经济高质量发展作出贡献。

In the era of rapid development of digital information technology,traditional finance is facing great challenges and opportunities.With the popularization of China′s economic development dividend,digital inclusive finance has emerged.Based on China′s provincial panel data from 2011—2021,the role of digital inclusive finance in fostering consumption upgrading among all residents in China is empirically studied by applying panel regression and threshold effect.As the findings suggest,widespread use of digital finance can greatly encourage residents′consumption upgrading;the influence of digital inclusive finance on residents′consumption upgrading varies by location;digital inclusive finance at different development stages shows a positive and significant non-linear trend for enhancing residents′consumption level,while the trend is moderated by the level of urbanization.A study on the influence of digital inclusive finance on residents′consumption upgrading would clarify the future development of digital inclusive finance,achieve the goal of residents′consumption upgrading,which will contribute to the quality economic growth in China in the new era.