Can digital financial inclusion affect CO2 emissions of China at the prefecture level? Evidence from a spatial econometric approach

Wang, Xiong; Xiao, Wenhua; Ren, Xiaohang; Wen, Fenghua

doi:10.1016/j.eneco.2022.105966

Cited by 203 publications

(56 citation statements)

References 63 publications

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“…With the increase in the scale of cross-regional flow of resources and the intensification of interregional competition for technological innovation resources, the development of local DIF would influence the surrounding ACEP. DIF can promote rural economic development by creating more employment opportunities, reducing financing costs for agricultural enterprises, and changing resident’ consumption patterns, which will attract more capital, enterprises and talents from neighboring areas to the local area [ 39 ]. On the other hand, advanced digital technology and financial services would also spillover to adjacent areas through knowledge and talent flow, the rural economic development in adjacent areas would be significantly affected, thereby influencing agricultural carbon emissions [ 40 ].…”

Section: Methodsmentioning

confidence: 99%

Exploring the Impact of Digital Inclusive Finance on Agricultural Carbon Emission Performance in China

Sun

Zhu

Yuan

et al. 2022

IJERPH

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This paper attempts to reveal the impact and mechanisms of digital inclusive finance (DIF) on agricultural carbon emission performance (ACEP). Specifically, based on the provincial panel data in China from 2011 to 2020, a super slacks-based measure (Super SBM) model is applied to measure ACEP. The panel regression model and spatial regression model are used to empirically analyze the impact of DIF on ACEP and its mechanism. The results show that: (1) during the study period, China’s ACEP exhibited a continuous growth trend, and began to accelerate after 2017. The high-value agglomeration areas of ACEP shifted from the Huang-Huai-Hai plain and the Pearl River Delta to the coastal regions and the Yellow River basin, the provincial differences displayed an increasing trend from 2011 to 2020. (2) DIF was found to have a significant positive impact on ACEP. The main manifestation is that the development of the coverage breadth and depth of use of DIF helps to improve the ACEP. (3) The positive impact of DIF on ACEP had a significant spatial spillover effect, that is, it had a positive effect on the improvement of ACEP in the surrounding provinces. These empirical results can help policymakers better understand the contribution of DIF to low-carbon agriculture, and provide them with valuable information for the formulation of supportive policies.

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Section: Methodsmentioning

confidence: 99%

Exploring the Impact of Digital Inclusive Finance on Agricultural Carbon Emission Performance in China

Sun

Zhu

Yuan

et al. 2022

IJERPH

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“…Climate change and environmental protection have become hot topics in recent years. According to the FRBSF Economic Letter, climate change is a source of financial risk (Rudebusch, 2021;Ren et al, 2022a;Wang et al, 2022). Banks and other financial institutions may also face different risks caused by climate change, such as valuation risk, credit risk, legal risk, business risk, etc.…”

Section: Commercial Banks and Climate Changementioning

confidence: 99%

Influencing Factors of Green Credit Efficiency in Chinese Commercial Banks

Deng

Huang²,

Mei³

et al. 2022

Front. Environ. Sci.

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This paper is applied the Tobit panel model to analyze the driving factors of green credit efficiency by using Chinese commercial banks’ data from 2009 to 2019. Based on the undesirable-SBM-DEA model, this paper is attempted to construct the green credit evaluation index by incorporating carbon emissions, and evaluating the green credit efficiency of Chinese commercial banks. The result shows that the green credit efficiency of Chinese commercial banks is low currently. Moreover, there is a mutually significant relationship between the efficiency and profitability of commercial banks’ green credit funds. Our findings suggest that the commercial banks should pursue the scale of green credit capital and improve the efficiency of green credits to help China achieve carbon neutrality goals.

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“…The literature has been studied mainly in terms of the impact of financial inclusion on economic growth, sustainable development, and bank regulation, mainly arguing that the development of financial inclusion will promote economic growth (Liu et al, 2021 ; Shen et al, 2021 ; Chuc et al, 2022 ; Younas et al, 2022 ) and sustainable economic development (Zaidi et al, 2021 ; Essel-Gaisey and Chiang, 2022 ; Ozturk and Ullah, 2022 ; Pang et al, 2022 ; Tay et al, 2022 ; Wang et al, 2022 ), promote industry capital formation (Cama and Emara, 2022 ), and influence the level of risk-taking by banks (Banna et al, 2021 ; Feghali et al, 2021 ; Marcelin et al, 2022b ), regulation (Besong et al, 2022 ) and equity structure (Kebede et al, 2021 ; Marcelin et al, 2022a ), finding that financial inclusion can promote financial stability (Banna et al, 2022 ; Malik et al, 2022 ; Wang and Luo, 2022 ), reduce poverty (Aracil et al, 2021 ) and improve energy efficiency and reduce carbon emissions (Dogan et al, 2021 ; Chen H. et al, 2022 ; Khan et al, 2022 ; Shahbaz et al, 2022 ). While the improvement of the institutional environment, implementation of incentives (Singh and Ghosh, 2021 ; Nepal and Neupane, 2022 ) will contribute to the development of inclusive finance (Emara and El Said, 2021 ; Sawadogo and Semedo, 2021 ; Lee et al, 2022 ), and the impact of other factors on financial inclusion is also analyzed (Amponsah et al, 2021 ; Chu et al, 2021 ; Geng and He, 2021 ; Ghosh, 2021 ; Chen Y. et al, 2022 ; Dar and Sahu, 2022 ; de Jong et al, 2022 ; Gyasi et al, 2022 ), contributing to an in-depth study of financial inclusion.…”

Section: Introductionmentioning

confidence: 99%

Does financial inclusion promote investment and affect residents' happiness?—Evidence from China

Qiu-yan

Sun

2022

Front. Psychol.

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With the rapid development of inclusive finance, the popularity of financial services is increasing, and the level of financial literacy of residents has gained. Using data from the years 2013, 2015, and 2017 China General Social Surveys (CGSS) and the China Digital Inclusive Finance Development Index to analyze residents' investment behavior in China, this study finds that inclusive finance significantly increased residents' investment participation and decrease their sense of happiness at the same time. This study demonstrates the effectiveness of China's financial inclusion policy and provides ideas for its further improvement.

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Can digital financial inclusion affect CO2 emissions of China at the prefecture level? Evidence from a spatial econometric approach

Cited by 203 publications

References 63 publications

Exploring the Impact of Digital Inclusive Finance on Agricultural Carbon Emission Performance in China

Exploring the Impact of Digital Inclusive Finance on Agricultural Carbon Emission Performance in China

Influencing Factors of Green Credit Efficiency in Chinese Commercial Banks

Does financial inclusion promote investment and affect residents' happiness?—Evidence from China

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