云南数字普惠金融影响居民消费升级的机制与效应研究

Study on the Mechanism and Effect of Digital Inclusive Finance Influencing the Residents’ Consumption Upgrading in Yunnan

基于2011~2021年云南省面板数据,采用固定效应和中介效应的模型研究数字普惠金融与消费升级的关系。结果显示:云南数字普惠金融的发展有利于居民消费升级,且具有显著的地区异质性。表现为数字普惠金融对滇中和滇西消费升级具有显著正向影响,而对于滇东和滇南没有显著影响。通过采用数字化程度、覆盖广度、数字化程度替代总指数进行稳健性检验发现结果稳健。故,应进一步加强云南省互联网基础设施建设、多措并举提高居民的数字金融意识,为有效发挥消费升级作用奠定基础。

Based on panel data from Yunnan Province from 2011 to 2021, this paper uses a model which incorporates fixed effects and mediation effects to investigate the relationship between digital financial inclusion and consumption upgrading. The results indicate that the development of digital financial inclusion in Yunnan is beneficial to consumption upgrading and exhibits significant regional heterogeneity. Specifically, digital financial inclusion has a significant positive impact on consumption upgrading in Central and Western of Yunnan, but no significant impact on Eastern and Southern of Yunnan. Robustness tests using digitalization level, coverage breadth, and digitalization level as substitutes for the overall index confirm the stability of the results. Therefore, it is necessary to further enhance the internet infrastructure in Yunnan Province, adopt multiple measures to enhance residents’ digital financial awareness, and lay the foundation for effectively promoting consumption upgrading.