Research on the Relationship Between Digital Inclusive Finance and Rural Residents'Consumption Upgrade:Based on the Test of Multiple Mediating Effectst
Digital inclusive finance is comprehensively penetrating and profoundly transforming residents'lives and household consumption.Based on the provincial panel data of 31 in China from 2011 to 2021,this study empirically explores the relationship and impact mechanism between digital inclusive finance and the consumption upgrade of rural residents by introducing the threshold effect model and mediation effect test.The research results show that digital inclusive finance can significantly promote the consumption upgrade of rural residents,the three sub-indexes of coverage,usage depth,and digitalization also have a positive promoting effect on the consumption upgrade of rural residents.After robustness tests as variable replacement,estimation method replacement,and sample change,the research conclusion remains unchanged.The threshold effect test found that the promotion effect of digital inclusive finance on consumption upgrade of rural residents has a marginal increasing effect.The impact mechanism test found that digital inclusive finance can promote the continuous optimization of the industrial structure,the growth farmers'business income,and the narrowing of the urban-rural income gap,thereby positively empowering the consumption upgrade of rural residents.
digital inclusive financerural residentsconsumption upgradethreshold effectmultiple mediation
国家科技期刊平台
NSTL
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