Analysis on the influence mechanism and effect of digital inclusive finance on residents’consumption:take Anhui Province as an example
Based on the panel data of 16 cities in Anhui Province from 2014 to 2021,this paper explores the effect and mechanism of digital financial inclusion on residents’consumption level by constructing fixed effect model and intermediary effect model.The findings are as follows:after replacing explanatory variables,regression in different periods and solving endogenous problems,digital inclusive finance still has a significant improvement effect on residents’consumption level;the results of the intermediary effect test show that promoting residents’income and driving industrial structure upgrading are important mechanisms for digital inclusive finance to empower residents’consumption expansion.From the perspective of the proportion of intermediary effects of the two mechanisms,the income mechanism has a higher proportion and plays a greater role.
digital inclusive financehousehold consumptioninfluence mechanismmediating effect
NETL
NSTL
万方数据
