Based on the panel data of 31 provinces from 2011 to 2022 in China,a two-way fixed effects model is built to explore the impact and transmission mechanism of digital finance on the total volume and the structure of residents'consumption in China.The study shows that digital finance has a positive effect on promoting the consumption of Chinese residents,but with structural heterogeneity and regional heterogeneity;Mechanism testing demonstrates that digital finance can raise residents'consumption by lowering the uncertainties and improving payment conveniences.Based on this,countermeasures and suggestions are proposed from three aspects:vigorously developing digital finance,formulating accurate digital finance policies,and emphasizing the innovation of digital financial products.
关键词
数字金融/居民消费/消费结构/不确定性/支付便利性
Key words
digital finance/residents'consumption/consumption structure/uncertainty/payment convenience
维普
万方数据