数字普惠金融对居民旅游消费影响的实证分析

An Empirical Analysis of the Impact of Digital Inclusive Finance on Residents’ Tourism Consumption

摘要: 数字普惠金融已经成为促进居民旅游消费的重要动力。本文利用2018年、2020年和2022年中国家庭追踪调查(CFPS)构造面板数据，研究数字普惠金融发展与居民旅游消费之间的关系。实证结果发现：数字普惠金融的发展能够增加居民旅游消费的支出，这一结论在经过稳健性检验后仍成立；机制分析的结果发现，数字普惠金融能够通过增加支付便利性，促进居民旅游消费的支出。进一步的异质性分析发现，数字普惠金融对低收入居民和农村居民有更显著的促进作用。本文的研究能够为释放居民旅游消费潜力提供政策参考。

Abstract: Digital inclusive finance has become an important driving force in promoting residents’ tourism consumption. Using panel data from the China Household Panel Studies (CFPS) for 2018, 2020, and 2022, this paper examines the relationship between the development of digital inclusive finance and residents’ tourism consumption. The empirical results show that the development of digital inclusive finance can increase residents’ tourism consumption expenditure, and this conclusion is still valid after the robustness test. The results of the mechanism analysis show that digital inclusive finance can boost residents’ spending on tourism consumption by increasing payment convenience. Further heterogeneity analysis shows that digital inclusive finance has a more significant promoting effect on low-income and rural households. The research of this paper can provide a policy reference for releasing residents’ tourism consumption potential.