Advances in Economics, Management and Political Sciences
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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅱ
Series Vol. 4 , 21 March 2023
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Access | Article
The Impact of Digital Economy Development on Residents' Consumption
* Author to whom correspondence should be addressed.
Abstract
In recent years, the digital economy’s development has affected all aspects of society, of which residential consumption is a very important part. Currently, domestic research of the digital economy on consumption is on the rise, but most of the current research is theoretical analysis, lacking empirical results and related impact mechanisms. Based on the data of China Family Panel Studies (CFPS) in 2010 and 2014, this paper uses the "Broadband China" strategy released in 2013 as a natural experiment of the digital economy, and applies the difference-in-difference (DID) method to estimate the digital economy’s impact on the consumption of residents. The study finds that the development of the digital economy has a significant positive effect on residents' consumption, mainly through three paths: social capital, human capital and income effect. The examination of heterogeneity reveals that the central region, urban residents, the middle and high education level, and the middle income group are the main beneficiaries of the digital economy's promotion of consumption, and the further study finds that the digital economy’s impact on residents' consumption is concentrated on subsistence consumption.
Keywords
Mediating Effect., Difference-in-difference, Residential Consumption, Digital Economy
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅱ
- ISBN (Print)
- 978-1-915371-17-1
- ISBN (Online)
- 978-1-915371-18-8
- Published Date
- 21 March 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/4/20221038
- Copyright
- 21 March 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited