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学术前沿讲座——Does digital finance upgrade the trickle-down consumption effect in China?

发布时间:2022-09-05访问量:42


报告题目

Does digital finance upgrade the trickle-down consumption effect in China?

报告人(单位)

周先波(中山大学岭南学院)

邀请人(单位)

刘修岩、李昊(东南大学)

点评人(单位)


时间地点

2022922日 下午2:00到3:30腾讯会议:647-557-709

报告内容摘要

This paper investigates the trickle-down consumption effect and the moderating effect of digital finance in China. Three realistic patterns motivate this study: trickle-down consumption has been confirmed in many developed countries, digital finance facilitates household consumption, and China exhibits income inequality across regions. Evidence based on data from the 2017 and 2019 China Household Finance Survey (CHFS) shows Chinese households exhibit trickle-down consumption behavior and that the development of digital finance acts as a moderator by increasing trickle-down consumption. This moderating effect of digital finance is somewhat heterogeneous by year, geographic location, hukou, and household income. The mechanism analysis results confirm that the relaxation of liquidity constraints is the main channel through which the positive moderating effect operates. Our findings are robust to various tests. Some policies are suggested to alleviate consumption inequality by developing digital finance and stimulating a spontaneous pattern of trickle-down consumption in China.

报告人简介


周先波,中山大学岭南学院经济学教授、博士生导师,中国数量经济学会常务理事、中国信息经济学会常务理事。研究领域:计量经济学理论及应用、消费经济学、劳动经济学等。主持国家社会科学基金重大项目1项、国家自然科学基金项目3项,在Journal of EconometricsEconometric TheoryChina Economic Review、《经济研究》、《经济学(季刊)》等国内外著名期刊上发表论文60多篇,出版著作2部,编写教材1部。曾获高等学校科学研究优秀成果奖(人文社科)二等奖、广东省高等教育教学成果一等奖、中山大学教学名师等。



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