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Impact of digital inclusive finance on household tourism consumption: evidence from China

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  • Xiaojun Wu
  • Huijia Chang

Abstract

Purpose - This paper aims to explore the role of digital inclusive finance (DIF) in influencing household tourism consumption, whether this influence differs between households with different characteristics and determining the intermediate mechanisms that influence the relationship. Design/methodology/approach - The conceptual framework of this study was designed on the basis of the research on DIF in residential consumption practices. The China Household Finance Survey (CHFS) and the Peking University DIF Index were used in the study, which included four years of unbalanced panel data from 25 provinces in China. A fixed effects model was used to validate the conceptual framework and hypothesis testing. Findings - Both hypothesis paths proposed in this study were supported. Results of this study show that DIF has a significant contribution to household tourism consumption and shows a positive impact in terms of both breadth of coverage and depth of use, and that Internet usage is an important mediating mechanism for DIF to promote household tourism consumption. Thus, the use of DIF as a tool can have a positive impact on tourism consumption. Research limitations/implications - Results of this study will help researchers and tourism businesses understand the relationship and mechanisms at play between DIF and household tourism consumption and leverage financial tools to drive tourism revival. However, the lack of third-country data for comparative analysis may render the conclusions inapplicable to every economy. Originality/value - This study is the first to examine the relationship between DIF and household tourism consumption, using an “individual + time + region” fixed effects model to conduct specific empirical tests.

Suggested Citation

  • Xiaojun Wu & Huijia Chang, 2023. "Impact of digital inclusive finance on household tourism consumption: evidence from China," European Journal of Innovation Management, Emerald Group Publishing Limited, vol. 27(6), pages 2101-2121, February.
    • Handle: RePEc:eme:ejimpp:ejim-09-2022-0527
    DOI: 10.1108/EJIM-09-2022-0527
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    Citations

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    Cited by:

    1. Qing, Jing & Chen, Juan, 2024. "Digital village construction and its mechanistic on farmer entrepreneurship," Finance Research Letters, Elsevier, vol. 70(C).
    2. Zhang, Cheng & Jian, Yaode & Zhou, Zhongsheng & Zhou, Bo, 2024. "Can the digital economy close the gender wage gap? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    3. Wang, Pengcheng & Yang, Xuelin, 2024. "Social trust and household financial decision-making: An empirical study based on the usage of household financial technology," Finance Research Letters, Elsevier, vol. 70(C).
    4. Ao Yang & Mao Yang & Fuyong Zhang & Aza Azlina Md Kassim & Peixu Wang, 2024. "Has Digital Financial Inclusion Curbed Carbon Emissions Intensity? Considering Technological Innovation and Green Consumption in China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 19127-19156, December.
    5. Feng, Jianghua & Wang, Yu, 2024. "Does digital inclusive finance promote agricultural development?A test based on threshold and spillover effects," Finance Research Letters, Elsevier, vol. 69(PA).
    6. Xiong, Wei & Jiang, Mengzhen & Liu, Yingying, 2024. "Digital economy, risk attitudes, and entrepreneurial decision-making in urban and rural households in China," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    7. Zhao, Yuehan & Zhao, Zheng, 2025. "Analysis of family wealth and participation in commercial insurance behavior within the influence of Confucian culture," Finance Research Letters, Elsevier, vol. 72(C).
    8. Yang, Xiaolan & Zhang, Lele & Hong, Xiaoyue & Li, Wenchao, 2024. "Can digital financial inclusion facilitate intergenerational income mobility? Evidence from China," Journal of Comparative Economics, Elsevier, vol. 52(4), pages 951-962.

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