Skip to main content

2022 | OriginalPaper | Buchkapitel

Research on the Influence of Digital Finance on Residents’ Service Consumption Expenditure

verfasst von : Menggang Li, Guangwei Rui, Jingcheng Li

Erschienen in: IEIS 2021

Verlag: Springer Nature Singapore

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Under the background of the “post-epidemic” era, household consumption, as an important pillar force of economic development, plays an increasingly important role in China’s economic growth. Among them, the increase of residents’ service consumption expenditure reflects the improvement of residents’ living standards and plays a vital role in adjusting and optimizing China’s market structure and stimulating economic recovery after the epidemic. 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 has developed rapidly in China’s financial market. Based on reading domestic and foreign research results, this paper studies the impact of the popularization of digital finance on service consumption expenditures of residents in China from the theoretical and empirical levels. 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) From the perspective of digital financial structure, diversified financial services and, comprehensive financial services have a greater impact on residents’ service consumption expenditure. Based on the above research conclusions, this article suggests strengthening the construction of digital finance in the central and western regions, increasing residents’ cognition of digital finance, and improving digital financial innovation.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Xu, H.: Study on regional differences of service consumption of Chinese residents. Hunan University (2007) Xu, H.: Study on regional differences of service consumption of Chinese residents. Hunan University (2007)
Zurück zum Zitat Kimball, M.S.: Precautionary saving in the small and in the large. Econometrica 58(1), 53–73 (1990)CrossRef Kimball, M.S.: Precautionary saving in the small and in the large. Econometrica 58(1), 53–73 (1990)CrossRef
Zurück zum Zitat Caballero, R.J.: Consumption puzzle and precautionary savings. J. Monet. Econ. 25, 113–136 (1990)CrossRef Caballero, R.J.: Consumption puzzle and precautionary savings. J. Monet. Econ. 25, 113–136 (1990)CrossRef
Zurück zum Zitat Yuan, Z., Xia, L., Pan, X.: Changes of consumption structure of urban residents in China and its causes. World Econ. Papers 2009(04), 13–22 (2009) Yuan, Z., Xia, L., Pan, X.: Changes of consumption structure of urban residents in China and its causes. World Econ. Papers 2009(04), 13–22 (2009)
Zurück zum Zitat Mao, R., Xu, J.: Differences in consumption structure and industrial development. Popul. Res. 38(03), 89–103 (2014) Mao, R., Xu, J.: Differences in consumption structure and industrial development. Popul. Res. 38(03), 89–103 (2014)
Zurück zum Zitat Kuijs, L.: Investment and saving in China. Policy Research Working Paper Series, pp. 1–20 (2005) Kuijs, L.: Investment and saving in China. Policy Research Working Paper Series, pp. 1–20 (2005)
Zurück zum Zitat Meng, X.: Unemployment, consumption smoothing, and precautionary saving in urban China. J. Comp. Econ. 31(3), 465–485 (2003)CrossRef Meng, X.: Unemployment, consumption smoothing, and precautionary saving in urban China. J. Comp. Econ. 31(3), 465–485 (2003)CrossRef
Zurück zum Zitat Schmidt-Hebbel, K., Servén, L.: Does income inequality raise aggregate saving? J. Dev. Econ. 61(2), 417–446 (2000)CrossRef Schmidt-Hebbel, K., Servén, L.: Does income inequality raise aggregate saving? J. Dev. Econ. 61(2), 417–446 (2000)CrossRef
Zurück zum Zitat Xie, P., Zou, C.: Research on Internet financial model. J. Financ. Res. 12, 3–12 (2012) Xie, P., Zou, C.: Research on Internet financial model. J. Financ. Res. 12, 3–12 (2012)
Zurück zum Zitat Xie, P., Zou, C., Liu, H.: Basic theory of internet finance. J. Financ. Res. 08, 1–12 (2015) Xie, P., Zou, C., Liu, H.: Basic theory of internet finance. J. Financ. Res. 08, 1–12 (2015)
Zurück zum Zitat Li, J., Wu, Y., Xiao, J.J.: The impact of digital finance on household consumption: evidence from China. Econ. Model. 86, 317–326 (2020)CrossRef Li, J., Wu, Y., Xiao, J.J.: The impact of digital finance on household consumption: evidence from China. Econ. Model. 86, 317–326 (2020)CrossRef
Zurück zum Zitat Jiang, H., Jiang, P.: Study on the improvement of residents’ consumption level and modern finance and economics. J. Tianjin Univ. Finan. Econ. 40(10), 18–32 (2020) Jiang, H., Jiang, P.: Study on the improvement of residents’ consumption level and modern finance and economics. J. Tianjin Univ. Finan. Econ. 40(10), 18–32 (2020)
Zurück zum Zitat Ren, X., Ge, J.: Financial development, income structure and consumption structure. Macroeconomics 01, 30–36+64 (2019) Ren, X., Ge, J.: Financial development, income structure and consumption structure. Macroeconomics 01, 30–36+64 (2019)
Zurück zum Zitat Berger, A.N.: The economic effects of technological progress: evidence from the banking industry. J. Money Credit Bank 35(2), 141–176 (2003)CrossRef Berger, A.N.: The economic effects of technological progress: evidence from the banking industry. J. Money Credit Bank 35(2), 141–176 (2003)CrossRef
Zurück zum Zitat Cortina Lorente, J.J., Schmukler, S.L.: The Fintech revolution: a threat to global banking? Res. Policy Briefs, 1–4 (2018) Cortina Lorente, J.J., Schmukler, S.L.: The Fintech revolution: a threat to global banking? Res. Policy Briefs, 1–4 (2018)
Zurück zum Zitat Guo, F., et al.: Measuring the development of digital inclusive financing in china: index compilation and spatial characteristics. Working Papers of Digital Finance Research Center of Peking University (2021) Guo, F., et al.: Measuring the development of digital inclusive financing in china: index compilation and spatial characteristics. Working Papers of Digital Finance Research Center of Peking University (2021)
Zurück zum Zitat Yi, X., Zhou, L.: Does the development of digital inclusive financing significantly affect residents’ consumption—micro-evidence from Chinese families. J. Financ. Res. 11, 47–67 (2018) Yi, X., Zhou, L.: Does the development of digital inclusive financing significantly affect residents’ consumption—micro-evidence from Chinese families. J. Financ. Res. 11, 47–67 (2018)
Zurück zum Zitat Fu, Q., Huang, Y.: The heterogeneity influence of digital finance on rural financial demand—evidence from China’s household finance survey and Peking University digital inclusive financing index. J. Financ. Res. 11, 68–84 (2018) Fu, Q., Huang, Y.: The heterogeneity influence of digital finance on rural financial demand—evidence from China’s household finance survey and Peking University digital inclusive financing index. J. Financ. Res. 11, 68–84 (2018)
Zurück zum Zitat Jiang, W.: Have Instrumental Variables Brought Us Closer to the Truth. Social Science Electronic Publishing (2017) Jiang, W.: Have Instrumental Variables Brought Us Closer to the Truth. Social Science Electronic Publishing (2017)
Zurück zum Zitat Chen, Q.: Advanced Econometrics and Stata Application. Higher Education Press (2010) Chen, Q.: Advanced Econometrics and Stata Application. Higher Education Press (2010)
Metadaten
Titel
Research on the Influence of Digital Finance on Residents’ Service Consumption Expenditure
verfasst von
Menggang Li
Guangwei Rui
Jingcheng Li
Copyright-Jahr
2022
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-16-8660-3_9

Premium Partner