摘要
发展数字普惠金融提振内需是加快构建“双循环”发展格局的重要动力。文章基于1 576个县域数据,运用面板门槛模型和双向固定效应模型,实证检验了数字普惠金融发展对居民消费的影响及其影响机制与异质性。研究发现,数字普惠金融发展对县域居民消费具有显著的促进作用,并且呈现边际递增的非线性特征;数字普惠金融发展从供给侧和需求侧两端发力,通过推动县域服务业发展和城乡居民收入增加,促进居民消费水平提升;数字普惠金融发展对居民消费的影响存在区域异质性,华东地区的影响程度最高,华南、华北、西南和西北地区的影响程度较低;不同维度的数字普惠金融发展对居民消费的促进作用存在差异性,其中使用深度的影响程度最大。
Developing digital inclusive finance to stimulate domestic demand is a crucial driving force for accelerating the establishment of a"dual circulation"development pattern in China.Based on data from 1576 counties,this study employs a panel threshold model and a two-way fixed effects model to empirically test the impact of digital inclusive finance development on household consumption,as well as its influencing mechanisms and heterogeneity.The findings indicate that digital inclusive finance development significantly promotes household consumption at the county level and exhibits a marginally increasing nonlinear characteristic.Digital inclusive finance development works from both the supply and demand sides,promoting the development of county service industries and increasing urban and rural residents'incomes,thereby boosting residents'consumption levels.The impact of digital inclusive finance development on household consumption varies regionally,with the strongest effect in East China and relatively lower effects in South China,North China,Southwest,and Northwest regions.There are also differences in the promotion effects of various dimensions of digital inclusive finance development on household consumption,with the depth of usage showing the greatest impact.
作者
汪增洋
蒋恒鹏
周颖秋
WANG Zeng-yang;JIANG Heng-peng;ZHOU Ying-qiu(School of Economics,Anhui University of Finance and Economics,Bengbu 233000,China;Business School,Hohai University,Nanjing 211100,China;School of International Business Administration,Shanghai International Studies University,Shanghai 201620,China)
出处
《兰州财经大学学报》
2025年第3期1-12,共12页
Journal of Lanzhou University of Finance and Economics
基金
国家社会科学基金项目“都市圈产业空间组织优化促进城乡融合的机制与路径研究”(22BJL066)
安徽省社科规划项目“合肥都市圈与南京都市圈产业空间组织比较研究”(AHSKY2020D35)
安徽财经大学研究生科研创新基金项目“省会都市圈产业协同集聚的创新效应研究”(ACY2021355)。
关键词
数字普惠金融
居民消费
县域经济
digital inclusive finance
household consumption
county-level economy
