A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China
Consumption upgrading reflects people’s pursuit of a better life and is an important engine of high-quality economic development. Based on the panel data of 30 provinces in China from 2006 to 2021, this study analyses the impact and mechanism of the digital economy and financial development on residents’ consumption upgrading from a macro perspective. The findings demonstrate that the digital economy, financial development, and their synergistic effect significantly promote residents’ consumption upgrading, which improves the overall level of residents’ consumption expenditure and promotes the transformation of the residents’ consumption structure from subsistence to development and enjoyment expenditure. The common mechanism of the digital economy and financial development is industrial structure optimization. The positive effects of the digital economy, financial development, and their synergy on residents’ consumption upgrading have obvious regional and urban–rural heterogeneity and show nonlinear characteristics with the advancement of new urbanization.
Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China
Consumption upgrading reflects people’s pursuit of a better life and is an important engine of high-quality economic development. Based on the panel data of 30 provinces in China from 2006 to 2021, this study analyses the impact and mechanism of the digital economy and financial development on residents’ consumption upgrading from a macro perspective. The findings demonstrate that the digital economy, financial development, and their synergistic effect significantly promote residents’ consumption upgrading, which improves the overall level of residents’ consumption expenditure and promotes the transformation of the residents’ consumption structure from subsistence to development and enjoyment expenditure. The common mechanism of the digital economy and financial development is industrial structure optimization. The positive effects of the digital economy, financial development, and their synergy on residents’ consumption upgrading have obvious regional and urban–rural heterogeneity and show nonlinear characteristics with the advancement of new urbanization.
Impact of the Digital Economy and Financial Development on Residents’ Consumption Upgrading: Evidence from Mainland China
Dongjing Chen (author) / Xiaotong Guo (author)
2023
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
| DOAJ | 2023
The Impact of Housing Support Expenditure on Urban Residents’ Consumption—Evidence from China
| DOAJ | 2023
Upgrading Mainland Europe's Oldest Suspension Bridge
| British Library Conference Proceedings | 2008
The Impact of Digital Economy Development on Industrial Restructuring: Evidence from China
| DOAJ | 2023