Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives
The inclusive and environmentally sustainable transformation of economic growth is a crucial indicator for the high-quality development of urban areas. In this perspective, this paper explores the connection between digital inclusive finance and inclusive green growth in 270 Chinese cities from 2011...
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MDPI AG
2024-12-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | https://www.mdpi.com/2227-7072/13/1/2 |
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| author | Ruixin Peng Bing Zeng |
| author_facet | Ruixin Peng Bing Zeng |
| author_sort | Ruixin Peng |
| collection | DOAJ |
| description | The inclusive and environmentally sustainable transformation of economic growth is a crucial indicator for the high-quality development of urban areas. In this perspective, this paper explores the connection between digital inclusive finance and inclusive green growth in 270 Chinese cities from 2011 to 2021. The study used a panel dataset, individual fixed-effects models, and multiple mediation models to analyze the results. The study findings reveal that digital inclusive finance effectively stimulates regional inclusive green growth and enhances positive transmission mainly by improving green technology innovation, increasing entrepreneurship levels, and promoting industrial structure upgrading, of which environmental-friendly technology innovation channels constitute the main contributor. The effects of regions, administrative hierarchy of cities, financial marketization, policy support, and environmental regulation are analyzed in heterogeneity analysis. To ensure the robustness of baseline results, this study utilized two-stage least squares (2-SLS) and difference in difference (DID) approaches. Moreover, this study offers valuable insights into the environmental implications of digital financial inclusion in emerging economies. |
| format | Article |
| id | doaj-art-b594a1a845b941f2b90528a4d3f49fa1 |
| institution | OA Journals |
| issn | 2227-7072 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | International Journal of Financial Studies |
| spelling | doaj-art-b594a1a845b941f2b90528a4d3f49fa12025-08-20T02:11:14ZengMDPI AGInternational Journal of Financial Studies2227-70722024-12-01131210.3390/ijfs13010002Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth InitiativesRuixin Peng0Bing Zeng1The Institute for Sustainable Development, Macau University of Science and Technology, Taipa 999078, MacaoSchool of Economics, Anhui University of Finance and Economics, Bengbu 233030, ChinaThe inclusive and environmentally sustainable transformation of economic growth is a crucial indicator for the high-quality development of urban areas. In this perspective, this paper explores the connection between digital inclusive finance and inclusive green growth in 270 Chinese cities from 2011 to 2021. The study used a panel dataset, individual fixed-effects models, and multiple mediation models to analyze the results. The study findings reveal that digital inclusive finance effectively stimulates regional inclusive green growth and enhances positive transmission mainly by improving green technology innovation, increasing entrepreneurship levels, and promoting industrial structure upgrading, of which environmental-friendly technology innovation channels constitute the main contributor. The effects of regions, administrative hierarchy of cities, financial marketization, policy support, and environmental regulation are analyzed in heterogeneity analysis. To ensure the robustness of baseline results, this study utilized two-stage least squares (2-SLS) and difference in difference (DID) approaches. Moreover, this study offers valuable insights into the environmental implications of digital financial inclusion in emerging economies.https://www.mdpi.com/2227-7072/13/1/2digital inclusive financeinclusive green growthsustainable developmentheterogeneity analysisChina |
| spellingShingle | Ruixin Peng Bing Zeng Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives International Journal of Financial Studies digital inclusive finance inclusive green growth sustainable development heterogeneity analysis China |
| title | Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives |
| title_full | Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives |
| title_fullStr | Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives |
| title_full_unstemmed | Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives |
| title_short | Digital Financial Inclusion and Inclusive Green Growth: Evidence from China’s Green Growth Initiatives |
| title_sort | digital financial inclusion and inclusive green growth evidence from china s green growth initiatives |
| topic | digital inclusive finance inclusive green growth sustainable development heterogeneity analysis China |
| url | https://www.mdpi.com/2227-7072/13/1/2 |
| work_keys_str_mv | AT ruixinpeng digitalfinancialinclusionandinclusivegreengrowthevidencefromchinasgreengrowthinitiatives AT bingzeng digitalfinancialinclusionandinclusivegreengrowthevidencefromchinasgreengrowthinitiatives |