Research on the comparison effect of urban residents' consumption

Wu, Xuepin; Ma, Yan

doi:10.1016/j.jbusres.2023.113812

Cited by 6 publications

(1 citation statement)

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“…The Chinese government has called for rebalancing the economy towards greater reliance on consumption as the growth driver, away from investment and external trade (Aziz et al, 2006). In recent years, the government has been working on restoring and expanding residents' consumption (Wu & Ma, 2023). However, the structural characteristics of Chinese households, characterized by high saving rates but low consumption levels, especially for household consumption expenditure, stand out notably compared to countries all around the world (Modigliani & Cao, 2004;Aziz & Cui, 2007;Liu, 2023).…”

Section: Introductionmentioning

confidence: 99%

Does digital literacy promote household consumption? Evidence from China

Xiao,

2024

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This paper analyses the impact and key mechanisms of micro-level digital literacy on household consumption in China's low-consumption context using China Family Panel Studies (CFPS) data. The results reveal that micro-level digital literacy positively affects household consumption after controlling related individual, household, and regional factors. Mechanism analysis suggests that the improvement of micro-level digital literacy promotes household consumption mainly through improving income, expanding social networks and increasing online payment. Further analyses indicate that micro-level digital literacy has a greater promoting effect on daily household consumption, healthcare and education expenses than other types of consumption and among individuals with lower educational levels and those in younger and middle-aged demographics. Moreover, digital literacy has increased households' investment in human capital such as healthcare and cultural education. This study theoretically contributes to understanding the formation of consumption behaviors in digital era, and provides some implications for policymakers to enhance efforts in cultivating digital literacy among specific groups to address the situation of low consumption in China.

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Section: Introductionmentioning

confidence: 99%