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Academic Journal of Business & Management, 2023, 5(1); doi: 10.25236/AJBM.2023.050122.

Analysis of Digital Finance, Regional Heterogeneity and Urban Household Consumption Based on Chinese Financial Panel Data


Liping Wang

Corresponding Author:
Liping Wang

School of Economics, Shandong University of Finance and Economics, Ji’nan, China


Consumption plays an important role in economic growth. Using the Chinese panel data, we examined digital finance’s influence on urban household consumption at the national and regional levels. Digital finance is conducive to increasing urban residents’ consumption. The impact of the coverage breadth, usage depth, and digitization level of digital finance on household consumption is stronger in East China than in middle China and West China. In East China, the impact of the digital financial payment business, insurance business, and monetary fund business on household consumption is positive. Overall, digital financial products have a stronger role in increasing household consumption in East China than in other regions.


digital finance, urban household consumption, regional heterogeneity

Cite This Paper

Liping Wang. Analysis of Digital Finance, Regional Heterogeneity and Urban Household Consumption Based on Chinese Financial Panel Data. Academic Journal of Business & Management (2023) Vol. 5, Issue 1: 149-154. https://doi.org/10.25236/AJBM.2023.050122.


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