Research on the Impact of Digital Economy on Resident Consumption

Abstract

Based on the cross-sectional data of 203 cities, this paper uses OLS and quantile regression to empirically test the impact of the digital economy on the consumption expenditure of urban and rural residents and the law of digital economy under different consumption levels. The empirical results show that:(1) The digital economy can significantly promote the consumption of urban residents, but the impact on the consumption of rural residents is not significant;(2) For urban residents, the impact of the digital economy on different levels of consumption expenditure is in an inverted "U" shape, indicating that the development of the digital economy has a more obvious impact on residents with medium consumption expenditure.