How does digital finance affect consumer online shopping: A comprehensive analysis based on econometric model

Mingxun Zhu, Yanping Wang, Min Wei and Zhen Cai

Finance Research Letters, 2023, vol. 54, issue C

Abstract: We construct a comprehensive analytical framework to dissect the relationship between digital finance (DF) and consumer online shopping (COS) and its transmission mechanism based on panel data of 31 Chinese provinces from 2013 to 2020, applying spatial econometrics and mediation effect model. The conclusions are as follows: DF has a positive spatial spillover effect on COS, which means that DF not only stimulates local COS, but also can stimulate COS in neighbouring regions. DF encourages consumers to spend online by increasing residents' income, improving payment convenience, easing credit constraints, and improving residents' risk management ability.

Keywords: Digital finance; Online shopping; Mechanisms; Spatial spillover effect; Spatial econometrics; Mediation effect model (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:54:y:2023:i:c:s1544612323001071

DOI: 10.1016/j.frl.2023.103734

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