Influence Between Financial Development And Information Consumption Under Internet

The 19 th National Congress report pointed out that it is necessary to enhance consumption economy.The economy is entering a new stage of consumption-led development.Realizing consumption transformation and upgrading,accelerating the development of information consumption and releasing the residents consumption potential which expands China’s domestic demand and promotes the economic growth.Information consumption has become the main consumption method for residents.The continuous development of information services has also enabled the majority of Internet users to realize Internet sharing.The “Internet of Everything” with mobile payment as the core has constructed a personalized and intelligent Internet service scene,and the scale has been improved,which provides more value space with Financial development under the Internet and also provides strong technical support for the development of information consumption.The growth of the future economy mainly comes from innovative consumption and service consumption,The supply-side structural reform makes the supply structure more compatible with consumption.The financial development under the Internet has provided support for the upgrading of residents’ information consumption.The purpose of this paper is to study the impact of financial development on the residents’ information consumption in the context of Internet finance,and to provide suggestions for improving financial development and promoting residents’ information consumption.Based on the theoretical analysis,this paper analyzes the impact of financial development on the Chinese residents’ information consumption under the Internet.Firstly,it summarizes the research results of financial development and resident information consumption at home and abroad,constructs the theoretical basis of financial development and resident consumption,and analyzes the influence mechanism of financialdevelopment on residents’ information consumption under the Internet.Then carries out empirical analysis.On the basis of scholars’ research,this paper re-measures the index of residents’ information consumption and financial development,and adds the Internet factor.The dynamic panel data model is used to analyze the effect of financial development on residents’ information consumption by using generalized moment estimation.Based on this,the regional analysis is carried out.Finally,this paper analyzes the spatial correlation of residents’ information consumption and the impact of financial development on residents’ information consumption.The empirical analysis shows that financial development promotes the growth of residents’ information consumption;the consumption of residents’ information is affected by consumption habits,and has a significant “Jinglun effect”;financial development has a positive effect on the central and western regions,especially on the information consumption of residents in the western region.The consumption of residents’ information is spatially related.The financial development has a spillover effect on the consumption of residents in the economic zone of the bell,and there is a spatial agglomeration pattern when the level of information consumption among residents in the region rises.