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Title How does the development of digital inclusive finance in China affect green technology innovation? A theoretical mechanism study and empirical analysis
ID_Doc 30740
Authors Zhang, N; Deng, JQ; Jiang, YL; Ahmad, F
Title How does the development of digital inclusive finance in China affect green technology innovation? A theoretical mechanism study and empirical analysis
Year 2023
Published Environmental Science And Pollution Research, 30, 24
DOI 10.1007/s11356-023-27072-4
Abstract This study employed fixed effects (FE) models, difference-in-differences (DID) methods, and mediating effect (ME) models to explore the total effect, structural effect, heterogeneous characteristics, and impact mechanism of digital inclusive finance (DIF) on green technology innovation (GTI) from 2011 to 2020. We derived the following results. First, DIF can significantly improve the level of GTI, and the positive role of internet digital inclusive finance is greater than that of traditional banks, but the three dimensions of the DIF index have different impacts on such innovation. Second, the impact of DIF on GTI has a "siphon effect," which is significantly promoted in regions with stronger economic power and inhibited in those with weaker economic power. Finally, there is an influence mechanism of "digital inclusive finance. financing constraints. green technology innovation." Our findings provide evidence to establish a lasting effect mechanism for DIF to promote GTI, and they have important reference value for other countries to develop DIF.
Author Keywords Digital inclusive finance; Green technology innovation; Financing constraints; Impact mechanisms
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED)
EID WOS:001034629000011
WoS Category Environmental Sciences
Research Area Environmental Sciences & Ecology
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