Heterogeneity Analysis of the Impact of Digital Inclusive Finance on Residents'Consumption Level in Guangdong Province
Digital inclusive finance,with its high convenience,low service costs,and strong financial service penetration,has become an important driving force for improving the consumption level of residents.Based on panel data from 21 cities in Guangdong Province from 2011 to 2022,a fixed effects model is constructed to explore the heterogeneity of the impact of digital inclusive finance on household consumption levels.The research conclusion shows that:(1)in terms of structural heterogeneity,the development and expansion of digital inclusive finance have significantly improved the consumption level of residents,but the effect of depth of use and degree of digitization on the improvement of consumption level is not yet significant;(2)In terms of urban-rural heterogeneity,the development of digital inclusive finance is conducive to the improvement of the consumption level of urban and rural residents,and is more significant in rural areas;(3)In terms of regional heterogeneity,digital inclusive finance mainly helps to improve the consumption level in northern Guangdong,but its driving effect on the Pearl River Delta,eastern and western Guangdong is relatively weak.
Digital inclusive financeResident consumption levelHeterogeneityFixed effects model
万方数据
维普
