摘要
本文基于CFPS 2018数据实证研究了互联网使用对农户家庭金融投资的影响。研究发现,农户借助互联网使用渠道能够显著提升金融市场参与率及投资规模,并对农户家庭金融资产配置效率具有显著的正向影响。采用工具变量法缓解内生性问题、使用修正样本自选择偏差的双稳健IPWRA模型和PSM模型进行稳健性检验后,核心研究结论依然显著。通过异质性分析发现,这种正向影响在高收入、低房价、电子商务发达地区的农户家庭中表现更为明显。作用机制分析表明,互联网使用能够通过增加要素投入、扩宽信息渠道、拓展社交同群、提升社会信任等机制间接带动农户家庭参与金融投资。进一步深度挖掘互联网使用对农户家庭金融投资的促进作用,对于加速推进数字乡村战略具有重要的现实意义。
Financial market participation is the core issue in the field of household finance.Based on CFPS 2018 data,this paper empirically studies the impact of Internet use on household financial market participation.The study finds that the use of Internet channels can not only significantly improve the participation probability and investment scale of the financial market,but also have a significant positive impact on the allocation rate of household financial assets.After the instrumental variable method was used to alleviate endogenicity problems and the birobust IPWRA model and PSM model with corrected sample self-selection bias were used for robustness tests,the core research conclusions remained significant.The heterogeneity study found that the positive influence was more obvious in the farmers in the regions with high income,low housing price and developed e-commerce.The analysis of function channels shows that the use of the Internet can indirectly drive the financial investment of households by increasing factor input,broadening information channels,expanding social groups and enhancing social trust.It is of great practical significance for accelerating the digital rural strategy to further explore the role of Internet use in promoting the financial investment of rural households.
作者
张永奇
单德朋
Zhang Yongqi;Shan Depeng(Sichuan Agricultural Univers ity,Chengdu 613330,China;Southwest University for Nationalities,Chengdu 610041,China)
出处
《新疆财经》
2021年第4期5-15,共11页
Finance & Economics of Xinjiang
基金
国家社会科学基金青年项目“凉山彝区隐性贫困测度与精准扶贫政策研究”(18CMZ041)
广西壮族自治区发展战略研究院项目“广西康养旅游高质量发展策略研究”(2020GDSIYB11)。
关键词
互联网使用
农村金融
农户家庭金融投资
乡村振兴战略
金融资产配置效率
Internet Use
Rural Finance
Household Financial Investment
the Rural Revitalization Strategy
Financial Asset Allocation Efficiency
