文献类型：期刊文献

英文题名：Exploring the impact of digital inclusive finance on consumption volatility: Insights from household entrepreneurship and income volatility

作者：Song, Yunxing[1,2];Gong, Yuanyuan[1];Song, Yan[2];Chen, Xiaohui[3,4]

第一作者：Song, Yunxing

通讯作者：Chen, XH[1]

机构：[1]Henan Univ Econ & Law, Coll Econ, Zhengzhou 450046, Peoples R China;[2]Univ North Carolina Chapel Hill, Dept City & Reg Planning, Chapel Hill, NC 27599 USA;[3]Guangxi Univ, Sch Econ, Nanning 530004, Peoples R China;[4]Guangxi Univ, Sch Econ, 100 Univ Rd, Nanning, Guangxi Zhuang, Peoples R China

第一机构：河南财经政法大学经济学院

通讯机构：[1]corresponding author), Guangxi Univ, Sch Econ, 100 Univ Rd, Nanning, Guangxi Zhuang, Peoples R China.

年份：2024

卷号：200

外文期刊名：TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE

收录：;EI(收录号：20240215347798);Scopus(收录号：2-s2.0-85181584351);WOS:【SSCI(收录号:WOS:001155044400001)】；

基金：This research was funded by the Key Scientific Research Projects of Colleges and Universities in Henan Province (23A790017) . the China Scholarship Council (202008410007) , the National Social Science Foundation for Youth Program (19CJY001) , the National Natural Science Foundation of China (NSFC) General Program (42171182) , Henan Province University Science and Technology Innovation Talent Support Program (24HASTIT020) , Henan Province Natural Science Outstanding Youth Fund Project (222300420021) .

语种：英文

外文关键词：Digital inclusive finance; Consumption volatility; Entrepreneurship; Income volatility

摘要：The application of digital technology has reshaped all aspects of social life, and the impact of financial technology on the economy is unprecedented. Consumption is an eternal issue in economic development; however, most existing studies have concentrated on how digital inclusive Finance affects household consumption levels, giving little attention to consumption volatility. Nonetheless, policies that overlook consumption volatility are less likely to achieve societal welfare goals, particularly in developing countries. This study aims to fill this gap and unveil the "black box" of the impact of digital inclusive Finance on consumption volatility, which can benefit the development of economic resilience. Utilizing data from the China Household Finance Survey, our research assesses the impact of digital inclusive Finance on household consumption volatility and discovers that digital inclusive Finance significantly smooths out these fluctuations. Mechanism tests further indicate that the main transmission channels for this impact are promoting entrepreneurship and reducing income volatility. Moreover, heterogeneity tests show that the effect of digital inclusive Finance in smoothing household consumption volatility is more pronounced in households with sound financial standing, higher financial literacy, and internet access, especially in rural areas. These findings enrich the literature on digital inclusive Finance's role in managing volatility and extend the theory on the inclusive nature of digital inclusive Finance, offering valuable practical implications for developing countries.