【摘要】 释放消费潜力、推动消费升级，已然成为实现国内经济大循环的必由之路。收集中国2013—2021年的省级面板数据，实证研究数字普惠金融对居民消费升级的赋能作用。结果表明，数字普惠金融能够有效提高居民总体消费水平，优化居民消费结构，但同时也存在显著的个体异质性与区域异质性。进一步分析发现，数字金融还会刺激居民线上购物行为，通过转变居民消费方式实现消费升级。更多还原

【Abstract】 Releasing consumption potential and promoting consumption upgrading has become a necessary way to realize the domestic economic cycle. The provincial panel data of China from 2013 to 2021 was collected, and the empowering effect of digital inclusive finance on the consumption upgrading of China’s residents was empirically investigated. The results of the study show that digital inclusive finance can effectively improve the overall consumption level and optimize the consumption structure of residents, but at the same time there is significant individual heterogeneity and regional heterogeneity. Further analysis found that digital finance can also stimulate residents’ online shopping behavior and realize consumption upgrading by changing residents’ consumption mode.更多还原