How does education promote green digital finance? Evidence from China
Abstract This study constructs a new composite green digital finance index and describes its development in China over the past decade. Based on province-level panel data covering the period 2011–2020, we examine how education contributes to the development of green digital finance. Through detailed...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2025-01-01
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| Series: | Financial Innovation |
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| Online Access: | https://doi.org/10.1186/s40854-024-00688-2 |
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| author | Chien-Chiang Lee Fuhao Wang Chi-Chuan Lee |
| author_facet | Chien-Chiang Lee Fuhao Wang Chi-Chuan Lee |
| author_sort | Chien-Chiang Lee |
| collection | DOAJ |
| description | Abstract This study constructs a new composite green digital finance index and describes its development in China over the past decade. Based on province-level panel data covering the period 2011–2020, we examine how education contributes to the development of green digital finance. Through detailed theoretical analysis and rigorous empirical testing, the following results are obtained. First, education directly promotes green digital finance by adjusting people’s consciousness and enhancing their abilities. Second, high-quality educational inputs, a high level of economic development, and a high degree of opening-up are among the important preconditions for education to further promote green digital finance in China. Third, education indirectly promotes green digital finance by driving industrial upgrades, increasing income levels, promoting technological innovation, and cultivating finance-related talent. This study offers policy recommendations to help improve education levels and suggests a valuable direction for further research on green digital finance. |
| format | Article |
| id | doaj-art-9554d530f631451a8453d217d91d4415 |
| institution | Kabale University |
| issn | 2199-4730 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Financial Innovation |
| spelling | doaj-art-9554d530f631451a8453d217d91d44152025-01-05T12:43:41ZengSpringerOpenFinancial Innovation2199-47302025-01-0111112910.1186/s40854-024-00688-2How does education promote green digital finance? Evidence from ChinaChien-Chiang Lee0Fuhao Wang1Chi-Chuan Lee2School of Business, Wuchang University of TechnologyCollege of Economic and Social Development, Nankai UniversitySchool of Public Administration, Southwestern University of Finance and EconomicsAbstract This study constructs a new composite green digital finance index and describes its development in China over the past decade. Based on province-level panel data covering the period 2011–2020, we examine how education contributes to the development of green digital finance. Through detailed theoretical analysis and rigorous empirical testing, the following results are obtained. First, education directly promotes green digital finance by adjusting people’s consciousness and enhancing their abilities. Second, high-quality educational inputs, a high level of economic development, and a high degree of opening-up are among the important preconditions for education to further promote green digital finance in China. Third, education indirectly promotes green digital finance by driving industrial upgrades, increasing income levels, promoting technological innovation, and cultivating finance-related talent. This study offers policy recommendations to help improve education levels and suggests a valuable direction for further research on green digital finance.https://doi.org/10.1186/s40854-024-00688-2Green digital financeEducationTheoretical analysisEmpirical studyChina |
| spellingShingle | Chien-Chiang Lee Fuhao Wang Chi-Chuan Lee How does education promote green digital finance? Evidence from China Financial Innovation Green digital finance Education Theoretical analysis Empirical study China |
| title | How does education promote green digital finance? Evidence from China |
| title_full | How does education promote green digital finance? Evidence from China |
| title_fullStr | How does education promote green digital finance? Evidence from China |
| title_full_unstemmed | How does education promote green digital finance? Evidence from China |
| title_short | How does education promote green digital finance? Evidence from China |
| title_sort | how does education promote green digital finance evidence from china |
| topic | Green digital finance Education Theoretical analysis Empirical study China |
| url | https://doi.org/10.1186/s40854-024-00688-2 |
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