The Research On The Influence Of Consumer Credit On Service Consumption Of Urban Residents In China

Today,middle-high end consumption has become a new driving force for economic growth,among which more outstanding service consumption in the economic market.Different from the traditional consumption mode,service consumption,as a kind of new consumption,mainly faces the middle and high income groups,and this group has gradually become the main consuming force in recent years.In order to achieve economic growth and economic transformation faster and better,it is necessary to give full play to the promotion effect of new consumption represented by service consumption on the economy.Consumer credit is a new kind of consumption finance,which can make up for the temporary lack of income by providing certain funds to consumers for compensation,thus helping to consume in advance.Therefore,this paper attempts to explore whether consumer credit is beneficial to consumers to promote service consumption expenditure,optimize residents' consumption structure,and promote consumption upgrading,so as to give full play to consumers' consumption potential and promote economic development and transformation.The object of this paper is to explore the influence of consumer credit on the service consumption of urban residents in our country from the two aspects of qualitative analysis and quantitative analysis.This paper is divided into six chapters.Firstly,it summarizes the research trends of consumer credit and service consumption at home and abroad,and analyzes the mechanism of consumer credit affecting the service consumption of urban residents in China on the basis of modern consumption theory.Through the establishment of the inter-provincial dynamic panel regression model for the past 12 years from 2006 to 2017,it is found that consumer credit has a significant impact on the service consumption of urban residents in China,which is conducive to improving the service consumption expenditure of urban residents,anddifferent regions.There are differences in the degree of influence on urban residents under different income levels.Finally,the relevant countermeasures and suggestions are put forward.