【摘要】 消费是经济增长的第一驱动力，释放消费潜力、促进消费升级是推动经济高质量发展的重要支撑。基于2014—2020年山东省16个地级市面板数据，实证检验数字普惠金融对居民消费升级的影响及其内在机理。研究发现，数字普惠金融的发展可以有效推动消费结构优化升级，且边际效应随消费升级程度的提高逐渐降低，并且数字普惠金融的消费效应在较发达城市与经济水平较高的地区更加明显。机制检验发现，数字普惠金融可以通过刺激居民创业、缩小收入差距促进消费升级。扩大内需、增强国内大循环内生动力，需要进一步提升数字普惠金融发展水平，完善收入分配制度，激发居民创业活力。更多还原

【Abstract】 Consumption is the first driving force of economic growth. Releasing consumption potential and promoting consumption upgrading are important supports for promoting high-quality economic development. Based on the panel data of 16 prefecture-level cities in Shandong Province from 2014 to 2020, empirically tests the impact of digital inclusive finance on residents’ consumption upgrading and its internal mechanism. The study found that the development of digital inclusive finance can effectively promote the optimization and upgrading of consumption structure, and the marginal effect gradually decreases with the improvement of consumption upgrading, and the consumption effect of digital inclusive finance is more obvious in more developed cities and regions with higher economic level. The mechanism test found that digital inclusive finance can promote consumption upgrading by stimulating residents’ entrepreneurship and narrowing the income gap. To expand domestic demand and enhance the endogenous power of the domestic cycle, we need to further improve the development level of digital inclusive finance, improve the income distribution system, and stimulate the entrepreneurial vitality of residents.更多还原