Study on the Impact of Digital Inclusive Finance on Residents' Cultural Consumption: Evidence From China

Abstract

This article establishes a fixed effects spatial Durbin model to explore the impact of digital inclusive finance development on residents' cultural consumption. We found that the development of digital inclusive finance has a positive promoting effect on the cultural consumption of residents, indicating that the development of digital inclusive finance can significantly enhance the cultural consumption of local residents; The negative coefficient of spatial spillover effect indicates the need to strengthen cooperation and exchange between regions to promote communication and collaboration in digital inclusive finance. Based on the research findings, this article proposes policy recommendations such as emphasizing spatial spillover effects, breaking regional spatial and industrial boundaries to share the dividends of the digital economy.