Digital finance development and tourism consumption growth: An analysis of the moderating effect based on household wealth

Gan Qu and Zongyi Wang

Finance Research Letters, 2025, vol. 80, issue C

Abstract: This study investigates the relationship between the growth of digital finance, household wealth, and tourism consumption using data from the China Household Finance Survey conducted in 2015, 2017, and 2019. The findings reveal that the expansion of digital finance boosts household tourism spending. Additionally, household wealth strengthens the positive impact of digital finance on tourism consumption, while the age of the household head has a negative moderating effect. Moreover, the effects of household wealth and the age of the household head show significant variation depending on the household dependency ratio.

Keywords: Digital finance; Household wealth; Household tourism consumption; Household dependency ratio (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006749

DOI: 10.1016/j.frl.2025.107414

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