数字普惠金融对农户家庭经济韧性的影响研究——基于CHFS数据的实证分析

Research on the Impact of Digital Inclusive Finance on the Economic Resilience of Rural Households—An Empirical Analysis Based on CHFS Data

摘要: 本文基于中国家庭金融调查(CHFS) 2019年的数据，深入分析了数字普惠金融通过促进农村家庭创业行为、提高风险承担能力和社会资本、优化家庭财务结构等多种途径，显著增强了农户家庭经济韧性。研究采用普通最小二乘法(OLS)回归分析模型，发现数字普惠金融指数增加一个单位时，农户家庭经济韧性将相应地增长0.07个单位。此外，研究还发现数字普惠金融对农户家庭经济韧性的影响存在显著的地区差异，东部地区得益于经济发展、金融资源积累以及数字技术应用上的优势，其促进效果最为明显，中部和西部地区虽然也表现出积极影响，但效果相对较弱。东北部地区则可能因为样本量较小和经济结构特点等原因，表现出数字普惠金融反而降低了农户家庭经济韧性的特殊情况。同时，研究还发现地区数字化水平与教育程度对数字普惠金融的效应具有调节作用。

Abstract: Based on the data from the China Household Finance Survey (CHFS) in 2019, this paper conducts an in-depth analysis of how digital inclusive finance significantly enhances the economic resilience of rural households through multiple channels, such as promoting entrepreneurial behavior, enhancing risk-taking capacity and social capital, and optimizing household financial structure. The study employs an ordinary least squares (OLS) regression analysis model and finds that when the digital inclusive finance index increases by one unit, the economic resilience of rural households will increase by 0.07 units accordingly. Additionally, the study discovers that the impact of digital inclusive finance on the economic resilience of rural households varies significantly by region. The eastern region, benefiting from economic development, accumulation of financial resources, and advantages in digital technology application, shows the most obvious promoting effect. The central and western regions also demonstrate positive impacts, but the effects are relatively weaker. The northeastern region, possibly due to smaller sample size and economic structure characteristics, shows a special case where digital inclusive finance reduces the economic resilience of rural households. Moreover, the study finds that regional digitalization levels and educational attainment have a moderating effect on the impact of digital inclusive finance.