数字普惠金融发展对降低农户家庭金融脆弱性的影响研究——基于Ordered Probit模型的分析  

Research on the Impact of Digital Financial Inclusion Development on Reducing Farmers’ Household Financial Vulnerability——An Analysis Based on Ordered Probit Model

作　　者：徐荣贞[1] 何婷婷 王森 Xu Rongzhen;He Tingting;Wang Sen

机构地区：[1]天津科技大学经济与管理学院

出　　处：《价格理论与实践》2021年第11期91-95,共5页Price:Theory & Practice

基　　金：天津市哲学社会科学规划项目“双创视角下网络借贷的区域集群化发展模式研究”(项目编号TJGL17-018)。

摘　　要：降低金融脆弱性对宏观金融体系平稳运行具有重要意义。本文利用北京大学数字普惠金融指数和中国家庭追踪调查(CFPS)数据,在构建农户家庭金融脆弱性指标的基础上,实证分析了数字普惠金融发展对农户家庭金融脆弱性的影响及作用机制,并进一步运用工具变量法(IV Ordered Probit)进行内生性处理。结果表明:数字普惠金融发展可以显著降低农户家庭金融脆弱性;进一步研究发现覆盖广度和使用深度可以发挥更大的积极作用;根据中介效应和调节效应分析表明:农户金融素养发挥了显著的中介和调节作用。研究结论对继续推进数字普惠金融发展和深化农村金融服务有重要现实意义。Reducing financial fragility is of great significance to the smooth operation of macro-financial system. Based on the data of the Peking University Digital Financial Inclusion Index and the China Family Panel Studies(CFPS), this paper empirically analyzes the impact and mechanism of digital financial inclusion development on the farmers’ household financial vulnerability by constructing the financial vulnerability index of rural households. Furthermore, utilizing the IV Ordered Probit model to deal with endogeneity issues. The research results show that digital financial inclusion development could reduce the farmers’ household financial vulnerability and further research finds that the coverage and depth have a greater impact on the farmers’ household financial vulnerability. The analysis of mediating effect and moderating effect show that farmers’ financial literacy plays a significant mediating and moderating role. The research conclusions are of great practical significance for continuing to promote digital financial inclusion development and deepen rural financial services.

关 键 词：数字普惠金融 农户家庭金融脆弱性 边际效应 金融素养 

分 类 号：F832[经济管理—金融学] F49F323.6