Urban And Rural Differences In The Impact Of Inclusive Finance On The Structure Of Consumption Expenditure

At present,my country’s economy has gradually recovered from the slowdown period,and investment and foreign exports have declined slightly.The role of consumption in economic development is more obvious.In view of the complex and changeable external environment and the impact of infectious diseases,the central government proposed a new development model:"mainly domestic circulation,and promote both internal and external circulation".The key to implementing this development model is to expand consumption.Therefore,the development of consumption has become a key measure to promote domestic circulation and promote economic stability.Among them,we still have a large consumption potential waiting to be tapped,our overall consumption is still relatively insufficient,and there is room for improvement in the optimization and promotion of the consumption structure.These are some factors that affect my country’s economic development.As an important part of the economy,finance is an important means of resource allocation and is closely related to residents’ consumption.As a comprehensive financial service.digital inclusive finance can effectively alleviate the problem of financial exclusion due to its low entry threshold and wide application range.At the same time,existing research has confirmed that digital financial inclusion is closely integrated with traditional finance through digital technology,and economic characteristics will play a role in the allocation of consumer funds.Therefore,studying the impact of digital financial inclusion on household consumption patterns can provide more detailed financial support for household consumption,which is of great significance to domestic demand and economic growth.This paper is divided into 5 parts.First,it introduces the concepts and theories of digital financial inclusion and urban and rural consumption,analyzes the general mechanism of the impact of financial inclusion on urban and rural consumption structure,and conducts an empirical study.The urban-rural consumption gap in the administrative region was quantified,and the STATA software was used to carry out a regression model on the panel data of various provinces and cities across the country.The research results show that:(1)At the national level,the development of digital inclusive finance can significantly increase residents’ consumption expenditure and greatly promote the upgrading of urban and rural residents’ consumption structure.(2)From the perspective of influence channels,the influence of digital inclusive finance on the urban-rural consumption gap is mainly reflected in three aspects.First,digital payment channels have brought convenient and efficient payment methods,which have greatly stimulated residents’ consumption,and residents’ consumption habits have changed to some extent;second,credit service channels have improved the availability of funds and reduced credit constraints.Third,insurance services can reduce the uncertainty faced by residents and reduce the incentive for residents to save prudently.Finally,in view of the fact that the development of inclusive finance can effectively bridge the gap between urban and rural consumption expenditure,and put forward targeted suggestions and measures,this paper believes that the construction of digital inclusive financial infrastructure,the improvement of digital inclusive financial products and service systems,and the improvement of residents’ awareness of From the three perspectives of cognition and acceptance of inclusive finance,and active implementation,the gap between urban and rural residents’ consumption expenditure structure can be further narrowed.