Can Digital Financial Inclusion Contribute to the Optimization of Rural Households'Consumption Structure?:Evidence from CHFS Microdata
The rapid development of digital inclusive finance has effectively released consumption demand in the rural market.Based on data from the China Household Finance Survey(CHFS),the difference-in-differences method is employed to explore the impact of digital inclusive finance on rural residents'household consumption.The findings suggest that digital inclusive finance can effectively promote the growth of rural households'total consumption level,subsistence consumption,and enjoyment consumption,with a more pronounced effect on enjoyment consumption and a less significant impact on developmental consumption.Furthermore,digital inclusive finance positively influences spending on food,clothing,daily necessities and services,transportation and communication,medical and healthcare,and education and recreation,with the greatest impact observed in education and recreation expenditures.However,it also has a significant negative effect on the proportion of consumption expenditures for food and medical care.This further indicates that digital inclusive finance is beneficial for the upgrading of consumption and the optimization of the consumption structure of rural households.Finally,the paper proposes policy recommendations for continuously improving rural digital service infrastructure,accelerating the promotion and education of financial knowledge among rural residents,and fostering synergistic development alongside digital inclusive finance through multiple avenues.
digital inclusive financerural residentsconsumption structuredifference-in-differences method
国家科技期刊平台
NSTL
万方数据
