Digital Economy, Distribution Efficiency and Consumer Growth
ZHU Heliang1, GUO Kaige2, WANG Chunjuan3
1.School of Economics and Management, Beijing University of Technology
2.School of Economics, Capital University of Economics and Commerce
3.Business Research Institute, Beijing College of Finance and Commerce
Abstract：Resident consumption growth is the key to forming a strong domestic market and promoting domestic and international double circulation, and it is important to smooth out the domestic circulation and promote domestic and international double circulation. This paper selects the panel data of Chinese prefecture-level cities and micro data of China Family Panel Studies (CFPS) to test the relationship between digital economy, circulation efficiency and residential consumption growth. The study shows that: the digital economy significantly promotes the growth of residential consumption; the digital economy indirectly contributes to the growth of residential consumption by affecting the efficiency of distribution; there is heterogeneity among physical capital, human capital, circulation efficiency and economic development in the promotion of digital economy on residents' consumption growth. Groups with higher income and education levels, as well as regions with higher circulation efficiency and more developed economies, have a stronger promotion effect on residents' consumption growth, and the mediating effect of circulation efficiency is also more significant. Therefore, China should give play to the new advantages of digital economy and improve circulation efficiency by accelerating the construction of digital infrastructure, promoting the development of digital industry, improving digital R&D and innovation capacity, promoting the development of digital inclusive finance, and formulating differentiated strategies, so as to promote the growth of residents' consumption.
祝合良,郭凯歌,王春娟. 数字经济、流通效率与居民消费增长[J]. 商业经济与管理, 2023, 43(6): 5-17.
ZHU Heliang, GUO Kaige, WANG Chunjuan. Digital Economy, Distribution Efficiency and Consumer Growth. Journal of Business Economics, 2023, 43(6): 5-17.
2023, Vol. 43 
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