The Boosting Effect of Digital Finance on Rural Residents' Consumption Based on Empirical Data From the 2017 China Household Finance Survey

Lin Dai; Youwen Wang

doi:10.54691/bcpbm.v25i.1774

Authors

Lin Dai
Youwen Wang

DOI:

https://doi.org/10.54691/bcpbm.v25i.1774

Keywords:

Digital Finance, Resident consumption, Optimization of Consumption Structure

Abstract

Based on data from the 2017 China Household Finance Survey and the Peking University Digital Inclusive Finance Index, this paper empirically examines the impact of the development of digital finance on rural residents' consumption. It is found that the development of digital finance has significantly raised the consumption level of rural residents and optimized the consumption structure to a certain extent. But it did not realize the leap from the survival consumption to the development and enjoyment consumption in the real sense. Therefore, policy suggestions such as promoting the construction of rural digital inclusive financial infrastructure are proposed in this paper.

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References

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