Can Digital Inclusive Finance Make Tourism More Accessible to Households? Evidence From a Large-Scale Micro Database

IF 5.7 3区管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM

International Journal of Tourism Research Pub Date : 2025-06-08 DOI:10.1002/jtr.70051

Lamei He, Zihan Chen, Jianping Zha, Ting Tan, Viachaslau Filimonau

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Abstract

The rapid growth and high penetration of digitalization have caused profound changes in tourism consumption. This study investigates the impact and transmission mechanism of digital inclusive finance (DIF) on tourism consumption by using large-scale household data. High-dimensional fixed effects (HDFEs), instrumental variable (IV) and IV extended mediation and moderation models are adopted to address the endogeneity, and results indicate that DIF enhances household tourism consumption by relaxing liquidity constraints and reducing precautionary savings. Digital competency positively moderates the relationship between DIF and household tourism consumption. Heterogeneous analysis shows that the positive impact of DIF on household tourism consumption is more remarkable in households with high education and residing in China's eastern and urban regions. The findings differ from the impacts of DIF on household daily consumption, which implies the distinct features of tourism consumption. This study also provides novel insights and methods to understand tourism demand in the digitalization economy.

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数字普惠金融能让家庭更容易接触到旅游吗？来自大规模微观数据库的证据

数字化的快速增长和高度渗透使旅游消费发生了深刻的变化。本研究利用大规模家庭数据，考察了数字普惠金融对旅游消费的影响及其传导机制。采用高维固定效应（HDFEs）、工具变量（IV）和工具变量（IV）扩展的中介和调节模型来解决内生性问题，结果表明，DIF通过放松流动性约束和减少预防性储蓄来促进家庭旅游消费。数字胜任力正向调节DIF与家庭旅游消费的关系。异质性分析表明，在中国东部和城市地区的高学历家庭中，DIF对家庭旅游消费的积极影响更为显著。这一发现不同于DIF对家庭日常消费的影响，这暗示了旅游消费的鲜明特征。该研究也为理解数字化经济下的旅游需求提供了新的视角和方法。

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来源期刊

International Journal of Tourism Research HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

9.00

自引率

4.30%

发文量

期刊介绍： International Journal of Tourism Research promotes and enhances research developments in the field of tourism. The journal provides an international platform for debate and dissemination of research findings whilst also facilitating the discussion of new research areas and techniques. IJTR continues to add a vibrant and exciting channel for those interested in tourism and hospitality research developments. The scope of the journal is international and welcomes research that makes original contributions to theories and methodologies. It continues to publish high quality research papers in any area of tourism, including empirical papers on tourism issues. The journal welcomes submissions based upon both primary research and reviews including papers in areas that may not directly be tourism based but concern a topic that is of interest to researchers in the field of tourism, such as economics, marketing, sociology and statistics. All papers are subject to strict double-blind (or triple-blind) peer review by the international research community.