Digital finance, consumer convenience, and rural residents’ consumption

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-27 DOI:10.1016/j.frl.2025.107649

Wei Chen , Jiawei Li

引用次数: 0

Abstract

Using data from the China Household Finance Survey and a two-way–fixed-effects model, this study explores the impact of digital finance on farmers’ average propensity to consume and analyzes the potential risks related to excessive consumption. Results indicate that digital finance significantly enhances farmers’ average propensity to consume, facilitating and increasing rural consumption demand. However, digital finance may lead to excessive debt, increasing the potential risks of excessive consumption among farmers. Further analysis reveals that financial literacy plays a moderating role in the influence of digital finance on farmers’ consumption propensity. Farmers with lower financial literacy are more susceptible to the promotional effects of digital finance, which may increase the risk of excessive consumption and disproportionate debt. Furthermore, this study offers some policy recommendations for the promotion of digital finance in rural areas.

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数字金融、消费便利、农村居民消费

本文利用中国家庭金融调查数据和双向固定效应模型，探讨了数字金融对农民平均消费倾向的影响，并分析了过度消费的潜在风险。结果表明，数字金融显著提高了农民的平均消费倾向，促进和增加了农村消费需求。然而，数字金融可能导致过度负债，增加农民过度消费的潜在风险。进一步分析发现，金融素养在数字金融对农民消费倾向的影响中起调节作用。金融素养较低的农民更容易受到数字金融的促进作用，这可能会增加过度消费和不成比例债务的风险。此外，本研究还为农村地区数字金融的推广提供了政策建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance