The Positive Impact of Digital Financial Inclusion on Household Consumption
DOI:
https://doi.org/10.54097/xvn18c51Keywords:
Digital Financial Inclusion, Household Consumption, Liquidity Constraints, Inclusive Growth, China, Econometric AnalysisAbstract
This study investigates the transformative role of Digital Financial Inclusion (DFI) in driving household consumption in China. By utilizing data from the China Household Finance Survey (CHFS) and the Peking University Digital Financial Inclusion Index, the paper examines the mechanisms through which DFI alleviates liquidity constraints, expands financial access, and promotes economic participation. Key findings demonstrate that DFI significantly enhances household consumption, with notable heterogeneities across income levels and regions. Furthermore, the analysis highlights DFI’s role in poverty alleviation, reducing urban-rural divides, and facilitating entrepreneurial activities.
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References
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