Impact of Digital Inclusive Finance on Rural Residents'Consumption
Digital inclusive finance can promote the growth of rural residents'consumption by improving the convenience of rural financial services.As a major agricultural province,exploring the role of digital inclusive finance in rural residents'consumption in Hubei province is of great significance for stimula-ting consumption potential and promoting rural revitalization.Based on panel data from 11 prefecture level cities in Hubei Province from 2011 to 2020,a mixed panel data model was used to empirically an-alyze the impact of digital inclusive finance on rural residents'consumption.Research has found that the development of digital inclusive finance can have a positive impact on rural residents'consumption.Further analysis of digital inclusive finance shows that the depth and coverage of its use have a more significant driving effect on rural residents'consumption.The digital role of digital inclusive finance has not yet been fully realized.The robustness of the estimation results was tested by using methods such as replacing econometric models,replacing core explanatory variable measurement methods,and shortening sample periods.The above research conclusion is still valid.Based on this,suggestions are proposed to improve the digital inclusive financial infrastructure,enhance the digital financial literacy of rural residents,and increase the income level of rural residents.
Digital Inclusive FinanceRural Residents'ConsumptionDigitizationExpand Domestic DemandCommon Prosperity