数字普惠金融对居民消费水平的影响——基于省级面板数据实证研究
The Impact of Digital Inclusive Finance on Residents’ Consumption Level—An Empirical Study Based on Provincial Panel Data

消费作为拉动经济发展的三架马车之一，是推动经济发展和实现消费升级的重要途径。本文对30个省份的统计年鉴数据进行研究取样，实证检验了数字普惠金融与城乡居民消费水平之间的关系，并通过逐步回归方法和sobel检验相结合的方式证明了信息服务水平在数字普惠金融与城乡居民消费水平之间所存在的中介效应。研究结果显示：数字普惠金融能够有效提升城乡居民的消费水平，进一步研究表明数字普惠金融对农村和城镇居民费水平的提升效应存在明显差异。数字普惠金融广度指数和深度指数对城乡居民消费水平提升的效应同样也存在一定差异，同时数字普惠金融对于城乡居民消费水平的影响还存在异质性作用。
Consumption, as one of the three carriages that drive economic development, is an important way to promote economic development and achieve consumption upgrading. In this paper, the statistical yearbook data of 30 provinces to study sample, empirically the pratt & whitney financial and the relationship between the urban and rural residents’ consumption level, and through the combina-tion of stepwise regression method and sobel test method proved the level of information service in digital pratt & finance and the mediation effect of consumption level between urban and rural resi-dents. The results show that digital inclusive finance can effectively improve the consumption level of urban and rural residents, and further research shows that there are significant differences in the effect of digital inclusive finance on the improvement of rural and urban residents’ fees. The ef-fects of breadth index and depth index of digital inclusive finance on the improvement of urban and rural residents’ consumption level are also different, and there is heterogeneity in the impact of digital inclusive finance on urban and rural residents’ consumption level.