Effect of digital finance on inclusive green growth through technological innovation

IF 1.4 Q3 DEVELOPMENT STUDIES

Innovation and Development Pub Date : 2023-10-11 DOI:10.1080/2157930x.2023.2268914

Ying Li, Yuanping Fang

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引用次数: 0

Abstract

ABSTRACTInclusive green growth is crucial for sustainable economic development. Through subjective and objective comprehensive evaluation methods, this study measures the level of inclusive green growth for 30 provinces in China from 2011 to 2019. On this basis, the study uses multiple empirical methods to analyze the effect of digital finance on inclusive green growth. The results reveal that digital finance significantly promotes inclusive green growth through the mechanism of technological innovation. In addition, the threshold regression model indicates that digital finance has a marginally increasing effect under single threshold constraints of its development level and coverage breadth. However, digital finance has a marginally decreasing effect under the single threshold constraint of traditional finance development level. Finally, a heterogeneity test indicates that digital finance significantly promotes inclusive green growth in regions with low per capita GDP, those with a high agricultural GDP percentage, and central and western regions.KEYWORDS: Digital financetechnological innovationsustainabilityinclusive growthnonlinear effect Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by the National Natural Science Foundation of China (No. 42171172), the Natural Science Foundation of Guangdong Province (No. 2021A1515012248), Major Program of the National Social Science Fund of China (No. 21ZDA011).

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数字金融对技术创新普惠绿色增长的影响

摘要包容性绿色增长是经济可持续发展的关键。本研究通过主客观综合评价方法，对2011 - 2019年中国30个省份的包容性绿色增长水平进行了测度。在此基础上，采用多种实证方法分析数字金融对普惠绿色增长的影响。结果表明，数字金融通过技术创新机制显著促进包容性绿色增长。此外，阈值回归模型表明，在数字金融发展水平和覆盖广度的单一阈值约束下，数字金融具有边际递增效应。然而，在传统金融发展水平的单一门槛约束下，数字金融具有边际递减效应。最后，异质性检验表明，数字金融对人均GDP较低地区、农业GDP比重较高地区和中西部地区的包容性绿色增长具有显著促进作用。关键词:数字金融技术创新可持续性包容性增长非线性效应披露声明作者未报告潜在利益冲突基金资助:国家自然科学基金(No. 42171172)、广东省自然科学基金(No. 2021A1515012248)、国家社会科学基金重大项目(No. 21ZDA011)。

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来源期刊

Innovation and Development Social Sciences-Cultural Studies

CiteScore

3.70

自引率

0.00%

发文量

期刊介绍： conomic development and growth depend as much on social innovations as on technological advances. However, the discourse has often been confined to technological innovations in the industrial sector, with insufficient attention being paid to institutional and organisational change and to the informal sector which in some countries in the South plays a significant role. Innovation and Development is an interdisciplinary journal that adopts a broad approach to the study of innovation, in all sectors of the economy and sections of society, furthering understanding of the multidimensional process of innovation and development. It provides a forum for the discussion of issues pertaining to innovation, development and their interaction, both in the developed and developing world, with the aim of encouraging sustainable and inclusive growth. The journal encourages articles that approach the problem broadly in line with innovation system perspective focusing on the evolutionary and institutional structure of innovation and development. This focus cuts across the disciplines of Economics, Sociology, Political Science, Science and Technology Policy, Geography and Development Practice. In a section entitled Innovation in Practice, the journal includes short reports on innovative experiments with proven development impact with a view to encouraging scholars to undertake systematic inquiries on such experiments. Brief abstracts of degree awarded PhD theses in the broad area of concern for the journal and brief notes which highlight innovative ways of using internet resources and new databases or software are also published.