数字乡村建设对农村家庭金融市场参与的影响——基于CFPS2018的实证分析  

Impact of Digital Rural Construction on Rural Households'Financial Market Participation:An Empirical Analysis based on CFPS2018

作　　者：郭子玉 张凯 曹斌[4] 李容 GUO Ziyu;ZHANG Kai;CAO Bin;LI Rong(China Europe International Business School,Shanghai Jiaotong University,Shanghai 200120,China;School of Finance,Guangdong University of Finance&Economics,Guangzhou Guangdong 510000,China;Shenzhen Audencia Financial Technology Institute,Shenzhen University,Shenzhen Guangdong 518000,China;China Center for Special Economic Zone Research,Shenzhen University,Shenzhen Guangdong 518000,China)

机构地区：[1]上海交通大学中欧国际工商学院,上海200120 [2]广东财经大学金融学院,广东广州510000 [3]深圳大学深圳南特金融科技学院,广东深圳518000 [4]深圳大学中国经济特区研究中心,广东深圳518000

出　　处：《技术经济与管理研究》2025年第2期103-109,共7页Journal of Technical Economics & Management

基　　金：深圳市人文社会科学重点研究基地成果。

摘　　要：基于县域层面的匹配数据,实证检验数字乡村建设对农村家庭金融市场参与的影响及内在机制。研究发现:数字乡村建设显著提升了农村家庭金融市场的参与水平,且该影响具有边际效应递增的非线性特征。机制检验结果表明,数字乡村建设可以通过富农增收来缓解农村家庭流动性约束,进而提升其金融市场参与水平;家庭数字鸿沟水平的降低有效强化了流动性约束缓解对农村家庭金融市场参与的正向影响。异质性检验结果表明,数字乡村对中西部地区、户主已婚家庭、女性户主家庭、小规模家庭(家庭人数≤3)金融市场参与的正向影响程度更强。Using the county-level data,this study empirically investigates the impact of digital rural construction on rural househo-lds'financial market participation and elucidates the underlying mechanisms.The results show that digital rural construction has signific-antly improved the financial market participation level of rural households and presented the characteristics of increasing non-linear mar-ginal effects.Mechanism analyses indicate that digital rural construction alleviates liquidity constraints by promoting income growth,thereby facilitating higher financial market participation level.Moreover,reductions in the digital divide within households amplify the positive effects of liquidity constraint mitigation on financial market participation.Heterogeneity tests further demonstrate that the positive influence of digital rural construction is more pronounced in central and western regions,households led by married individuals,female householders,and smaller-sized families(with three or fewer members).

关 键 词：数字乡村 流动性约束 数字鸿沟 农村家庭 金融市场参与 

分 类 号：F323[经济管理—产业经济]