{"title":"Digital finance development and tourism consumption growth: An analysis of the moderating effect based on household wealth","authors":"Gan Qu , Zongyi Wang","doi":"10.1016/j.frl.2025.107414","DOIUrl":null,"url":null,"abstract":"<div><div>This study investigates the relationship between the growth of digital finance, household wealth, and tourism consumption using data from the China Household Finance Survey conducted in 2015, 2017, and 2019. The findings reveal that the expansion of digital finance boosts household tourism spending. Additionally, household wealth strengthens the positive impact of digital finance on tourism consumption, while the age of the household head has a negative moderating effect. Moreover, the effects of household wealth and the age of the household head show significant variation depending on the household dependency ratio.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"80 ","pages":"Article 107414"},"PeriodicalIF":6.9000,"publicationDate":"2025-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325006749","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the relationship between the growth of digital finance, household wealth, and tourism consumption using data from the China Household Finance Survey conducted in 2015, 2017, and 2019. The findings reveal that the expansion of digital finance boosts household tourism spending. Additionally, household wealth strengthens the positive impact of digital finance on tourism consumption, while the age of the household head has a negative moderating effect. Moreover, the effects of household wealth and the age of the household head show significant variation depending on the household dependency ratio.
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