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Are There the Effects of Digital Inclusive Finance on Consumption? - Evidence from Chinese Provinces’ Data -

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Consumption is a major factor in economic growth. However, the consumption rate of the Chinese people is still low, and the impact of consumption on economic growth is not sufficiently demonstrated. Digital inclusive finance is a new type of finance that can provide financial products and services that are more suitable and convenient to the people. Studying how affects the development of digital inclusive finance on the improvement of resident consumption can provide a literary foundation for improving resident consumption. This study examines the impact of China’s development of digital financial inclusion on residents’ consumption improvement. In the study, the economic variables and empirical analysis models of the Chinese provinces used were explained, and the analysis of the Fixed Effects Model revealed that digital inclusive finance is affecting resident consumption.

Abstract

Consumption is a major factor in economic growth. However, the consumption rate of the Chinese people is still low, and the impact of consumption on economic growth is not sufficiently demonstrated. Digital inclusive finance is a new type of finance that can provide financial products and services that are more suitable and convenient to the people. Studying how affects the development of digital inclusive finance on the improvement of resident consumption can provide a literary foundation for improving resident consumption. This study examines the impact of China’s development of digital financial inclusion on residents’ consumption improvement. In the study, the economic variables and empirical analysis models of the Chinese provinces used were explained, and the analysis of the Fixed Effects Model revealed that digital inclusive finance is affecting resident consumption.

참고문헌 (28)

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