Digital Inclusive Finance Enabling Residents'Consumption Upgrading
Releasing consumption potential and promoting consumption upgrading has become a necessary way to realize the domestic economic cycle.The provincial panel data of China from 2013 to 2021 was collected,and the empowering effect of digital inclusive finance on the consumption upgrading of China's residents was empirically investigated.The results of the study show that digital inclusive finance can effectively improve the overall consumption level and optimize the consumption structure of residents,but at the same time there is significant individual heterogeneity and regional heterogeneity.Further analysis found that digital finance can also stimulate residents'online shopping behavior and realize consumption upgrading by changing residents'consumption mode.
digital inclusive financeconsumption upgradeindividual heterogeneityspatial heterogeneity
万方数据
维普
