The Double Threshold Effect of Digital Inclusive Finance to Boost Rural Consumption from the Perspective of Double Cycle

10.6911/WSRJ.202206_8(6).0001

Xinyue Hu；Zejiong Zhou

Double cycle pattern ； Digital Inclusive Finance ； Rural consumption ； Threshold effect

World Scientific Research Journal

8卷6期（2022 / 06 / 01）

1 - 8

英文

It is very important to fully use the characteristics of digital and inclusive consumption to boost the internal circulation of rural economy. This paper establishes a panel threshold model to empirically explore whether China's digital Inclusive Finance has a nonlinear impact on boosting rural consumption. It is found that there is a double threshold effect with government behavior as the threshold variable when digital inclusive finance promotes rural consumption. With the continuous enhancement of government behavior, when it crosses the first and second thresholds, the influence of digital Inclusive Finance on rural consumption is also increasing. Increasing government budget and fiscal expenditure is conducive to giving full play to the role of digital Inclusive Finance in boosting rural consumption. Based on this, this paper puts forward policy suggestions for improving rural consumption level under the double cycle pattern.