Digital Economy, Fintech and Carbon Intensity: An Empirical Test based on the PVAR Model of Prefecture-Level Cities

Menghuan Gao

doi:10.6981/FEM.202408_5(8).0024

Authors

Menghuan Gao

DOI:

https://doi.org/10.6981/FEM.202408_5(8).0024

Keywords:

Carbon Emission Intensity; Digital Economy; Fintech; PVAR Model.

Abstract

Low-carbon development is an important issue that needs to be addressed urgently in China's economic development. The improvement of the level of financial technology and digital economy development can not only promote economic development, but also have an impact on carbon emissions. Based on this, 260 prefecture-level cities from 2011 to 2021 were used as the research objects of this paper, and the relationship between digital economy, financial technology and carbon emission intensity was explored through the autoregressive model of the panel vector. The following results were obtained: (1)The GMM estimation of the PVAR model shows that fintech and digital economy have a significant inhibitory effect on the carbon emission intensity of prefecture-level cities, and the digital economy has a significant role in promoting the development of fintech; (2)Carbon emission intensity is greatly affected by the previous period, and there is a long-term relationship between digital economy, financial technology and carbon emission intensity. Therefore, the government should accelerate the pace of development of the integration of fintech, digital economy and low-carbon economy, so as to provide support for fintech and digital economy to exert carbon reduction effects.

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