| Improving rural consumption level is an important way to expand consumption,stimulate domestic demand and promote economic growth.Digital inclusive finance can rely on digital information technology to innovate financial services and enhance financial availability,which provides a new opportunity to promote rural consumption.In order to adapt to the new situation with the domestic cycle as the main body and achieve the goals of expanding consumption,domestic demand and promoting economic growth,this paper analyzes and researches the impact of digital inclusive finance on rural consumption.First,based on the induction and summary of the literature,this paper clarifies the channel mechanism and spatial action mechanism of digital inclusive finance affecting rural consumption.The channel mechanism can be further divided into direct and indirect channels.On the one hand,digital inclusive finance directly increases rural consumption through convenient payment,alleviating liquidity constraints and reducing precautionary savings channels;On the other hand,digital inclusive finance can promote household income increase,thus indirectly stimulating consumption growth.Then,based on the analysis of the development status of digital inclusive finance and rural consumption,it is found that the rising trend of China’s digital inclusive finance and rural consumption level is obvious,and the development changes of the two are consistent in the trend.Finally,based on China’s provincial panel data from 2011 to 2018,this paper empirically tests the impact and mechanism of digital inclusive finance on rural consumption by using spatial econometric model.The research shows that digital inclusive finance and rural consumption have significant spatial positive correlation,and the spatial dependence is relatively stable;Digital inclusive finance can promote the growth of rural consumption,and the spatial spillover effect is significant;Digital inclusive finance directly stimulates the growth of rural consumption by means of digital payment,credit and insurance,and digital payment is the main influence channel;In terms of indirect channels,digital inclusive finance can improve residents’ income,so as to indirectly promote the growth of rural consumption;There are regional differences in the impact of digital inclusive finance on rural consumption.Therefore,in order to promote the growth of rural consumption,China should actively promote the high-quality development of digital inclusive finance,strengthen regional economic and financial cooperation and contact,realize the goal of digital finance to stimulate rural consumption through multiple channels,and develop digital inclusive finance according to local conditions in combination with the actual situation of the region. |
