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

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  • Qu, Gan
  • Wang, Zongyi

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.

Suggested Citation

  • Qu, Gan & Wang, Zongyi, 2025. "Digital finance development and tourism consumption growth: An analysis of the moderating effect based on household wealth," Finance Research Letters, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325006749
    DOI: 10.1016/j.frl.2025.107414
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    References listed on IDEAS

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    Cited by:

    1. Zhang, Jian & Cao, Jiawei & Li, Zhi, 2025. "The role of digital inclusive finance in promoting cross-border tourism: Evidence under the maritime community with a shared future framework," International Review of Economics & Finance, Elsevier, vol. 103(C).
    2. Mousavi, Ebrahim & Zare, Hassan & Moula, Ahmad, 2025. "A Novel Hybrid Lexicon and Economic Optimized kNN Framework for Sentiment Analysis in Tourism Platforms," MPRA Paper 127063, University Library of Munich, Germany.

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