The Impact Effect of Digital Finance on Green Innovation
DOI:
https://doi.org/10.54691/bcpbm.v33i.2764Keywords:
Digital Finance, Green Innovation, Heterogeneity Analysis.Abstract
In recent years, the explosive growth of digital finance has compensated for the disadvantages of traditional finance. Additionally, it has contributed to the advancement of the green innovation system. In order to build a model of how digital finance affects green innovation, the paper uses panel data from 283 prefecture-level Chinese cities between 2011 and 2019. By analyzing regional location and the heterogeneity of urban development, we explore the degree of impact of digital finance and the path to achieving it.We also look at the characteristics of the function that digital finance plays in the economies of Sichuan, Chongqing, Beijing, Tianjin, and Hebei.The conclusions indicate that (1) The eastern region is where the impact of digital finance on green innovation is greatest, while the central and western regions are where it is weaker. (2) the impact path of digital finance on green innovation in cities is mostly through the depth of use, followed by the degree of digitalization and the breadth of coverage of cities.
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