Empirical Testing of Digital Finance on China's Green Technology Innovation
DOI:
https://doi.org/10.54691/bcpbm.v50i.5613Keywords:
Digital inclusive finance; Green technology innovation; Energy conservation and environmental protection; Regulatory effects; Threshold effect.Abstract
Based on panel data from 30 provinces in China from 2011 to 2021, this study uses panel regression to empirically analyze the relationship and impact of digital inclusive finance (DIF) and green technology innovation (GTI), and further explores the regulatory effect of GTI and DIF on energy conservation and environmental protection, as well as the threshold effect of financial regulation. Research was found that, firstly, DIF has a significant positive impact on GTI, and the conclusion remains valid after conducting a series of robustness tests. However, there is heterogeneity in its impact across different dimensions and regions. Secondly, DIF and GTI can effectively reduce pollution emissions, promote energy conservation and environmental protection. Thirdly, the positive promotion effect of DIF on GTI has a threshold effect. After crossing the threshold, the promotion effect of both DIF and financial regulation on GTI is enhanced.
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