Research On The Influence Of Digital Financial Popularization On Residents’ Service Consumption Expenditure

Export,investment and consumption have always been the troika to promote national economic development.In recent years,the uncertainties in the international situation have increased,which have also emerged in the development of exports and investment.At the same time,China’s economic development has entered a new normal,and the economic structure has entered a stage of adjustment and optimization.As an important pillar of economic development,consumption plays an increasingly important role in China’s economic development.Among these,the increase in residents ’service consumption expenditure reflects the improvement in residents’ living standards,which meanwhile,plays an important role in the adjustment and optimization of China’s market structure.As an indispensable force in the development of the modern market economy,finance has a close connection with residents ’consumption.In recent years,with the rapid development of China ’s Internet economy and the improvement of infrastructure construction,as an emerging financial model,digital finance develop rapidly in the financial market in China.Under this background,study the impact of the popularity of digital finance in China on residents ’service consumption expenditures is of great theoretical and practical significance to explore the development direction of digital finance,promote residents’ consumption levels and optimize the overall market structure.On the basis of reading domestic and foreign research results,this article studies the impact of the popularization of digital finance on service consumption expenditures of residents in China from the theoretical and empirical levels.First of all,the reality of China ’s residents ’use of digital finance and the reality of residents’ service consumption expenditures are analyzed,and corresponding research hypotheses are proposed accordingly;and then summarizes the popularity of digital finance for residents The theoretical basis and literature review of the impact of consumer spending,and based on this analysis of the theoretical logic;through empirical research,using data related to the popularity of digital finance,data on service consumption expenditure of residents in Chinese provinces and other control variable data,inter-provincial panel data regression is conducted to explore the impact of the popularity of digital finance on residents’ service consumption expenditure and regional heterogeneity,while using marginal regression to analyze its marginal effect.Through research,it can be found that(1)from a national perspective,the increase in the popularity of digital finance has a positive impact on residents’ service consumption expenditure;(2)With different provinces divided into regions,the popularity of digital finance has a greater impact on north,central and northeast regions,less impact in the other regions of China.(3)From the perspective of the heterogeneity of residents ’income,as the income level of residents increases,the marginal impact of digital financial popularization on residents’ service consumption expenditure become decrease.Based on the above research conclusions,this article puts forward suggestions on strengthening the construction of digital finance in the central and western regions,increasing residents’ cognition of digital finance,and improving digital financial innovation.