Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China
This paper aimed to accurately assess the driving effect of digital inclusive finance (DIF) on green economic growth, better implement DIF-related policies, and promote the development of green economy. Based on the urban panel data from 2011 to 2018 and the DIF index, this paper investigates the im...
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Frontiers Media S.A.
2021
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oai:doaj.org-article:07a378b6c312419a969ce2145a90e19d2021-11-11T15:53:19ZWill Digital Inclusive Finance Make Economic Development Greener? Evidence From China2296-665X10.3389/fenvs.2021.762231https://doaj.org/article/07a378b6c312419a969ce2145a90e19d2021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fenvs.2021.762231/fullhttps://doaj.org/toc/2296-665XThis paper aimed to accurately assess the driving effect of digital inclusive finance (DIF) on green economic growth, better implement DIF-related policies, and promote the development of green economy. Based on the urban panel data from 2011 to 2018 and the DIF index, this paper investigates the impact of DIF on economic green development and its internal mechanism. The results show that there is a significant positive U-shaped nonlinear relationship between DIF and green development. Through the robustness test of the threshold model, instrumental variable model (IV), and system generalized method of moments (SYS-GMM) model, the results are still valid. The mechanism research shows that the DIF can indirectly promote China’s green development by the coagglomeration degree of producer services and optimize and upgrade industrial structure. This study provides policy implications for developing countries around the world to achieve green development by promoting the DIF level.Guangqin LiXubing FangMaotao LiuFrontiers Media S.A.articledigital inclusive financeeconomic green developmentChinainternal mechanismupgrading of industrial structureEnvironmental sciencesGE1-350ENFrontiers in Environmental Science, Vol 9 (2021) |
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digital inclusive finance economic green development China internal mechanism upgrading of industrial structure Environmental sciences GE1-350 |
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digital inclusive finance economic green development China internal mechanism upgrading of industrial structure Environmental sciences GE1-350 Guangqin Li Xubing Fang Maotao Liu Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
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This paper aimed to accurately assess the driving effect of digital inclusive finance (DIF) on green economic growth, better implement DIF-related policies, and promote the development of green economy. Based on the urban panel data from 2011 to 2018 and the DIF index, this paper investigates the impact of DIF on economic green development and its internal mechanism. The results show that there is a significant positive U-shaped nonlinear relationship between DIF and green development. Through the robustness test of the threshold model, instrumental variable model (IV), and system generalized method of moments (SYS-GMM) model, the results are still valid. The mechanism research shows that the DIF can indirectly promote China’s green development by the coagglomeration degree of producer services and optimize and upgrade industrial structure. This study provides policy implications for developing countries around the world to achieve green development by promoting the DIF level. |
format |
article |
author |
Guangqin Li Xubing Fang Maotao Liu |
author_facet |
Guangqin Li Xubing Fang Maotao Liu |
author_sort |
Guangqin Li |
title |
Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
title_short |
Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
title_full |
Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
title_fullStr |
Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
title_full_unstemmed |
Will Digital Inclusive Finance Make Economic Development Greener? Evidence From China |
title_sort |
will digital inclusive finance make economic development greener? evidence from china |
publisher |
Frontiers Media S.A. |
publishDate |
2021 |
url |
https://doaj.org/article/07a378b6c312419a969ce2145a90e19d |
work_keys_str_mv |
AT guangqinli willdigitalinclusivefinancemakeeconomicdevelopmentgreenerevidencefromchina AT xubingfang willdigitalinclusivefinancemakeeconomicdevelopmentgreenerevidencefromchina AT maotaoliu willdigitalinclusivefinancemakeeconomicdevelopmentgreenerevidencefromchina |
_version_ |
1718432962958065664 |