Research on the Family Income Effect of Digital Economy Driven by "Internet Plus": Based on China Family Panel Studies Data

ZHANG Li-na; LYU Xiang-wei; NI Zhi-liang

Volume 36 Issue 3

Jun. 2021

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2021 > 36(3): 34-45

ZHANG Li-na, LYU Xiang-wei, NI Zhi-liang. Research on the Family Income Effect of Digital Economy Driven by 'Internet Plus': Based on China Family Panel Studies Data[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(3): 34-45.

Citation:

ZHANG Li-na, LYU Xiang-wei, NI Zhi-liang. Research on the Family Income Effect of Digital Economy Driven by "Internet Plus": Based on China Family Panel Studies Data[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(3): 34-45.

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Research on the Family Income Effect of Digital Economy Driven by "Internet Plus": Based on China Family Panel Studies Data

School of Economics, Nankai University, Tianjin 300110, China

Received Date: 2021-03-27
Available Online: 2021-06-22
Publish Date: 2021-05-28

Abstract

Abstract

Based on the objective facts of the digital economy which deeply affect the current economic and social development, this paper empirically studies the effect of the Internet economy on family income driven by the Internet plus based on the data of China family panel studies(CFPS).The findings indicate that the digital economy driven by the "Internet Plus" has significantly promoted the increase of family income, which is stable after using Heckman model, Treatment Effect Model and instrumental variable method to correct potential endogeneity.Heterogeneity analysis shows that compared with urban families, the development of digital economy promotes the income level of rural families more significantly; digital economy has made the middle-income group the biggest beneficiary, and has relatively little impact on low-income and high-income families.The intermediary effect test shows that the digital economy driven by the "Internet Plus" has significantly increased through stressing the importance of the Internet as an information channel.Threshold regression analysis shows that with the improvement of the level of human capital, the positive effect of digital economy development on family income represents a U-shaped feature of descending firstly then ascending; at present, the effect of digital transformation in traditional industry on family income is greater than that of digital industrialization.Therefore, it is proposed to strengthen the construction of modern information infrastructure, improve the personnel training system, and give full play to the role of digital economy driven by the Internet plus.
- Internet Plus,
- digital economy,
- China family panel studies (CFPS),
- income increase effect,
- family income,
- industry digitization,
- digital industrialization

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References(28)

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