How Does Digital Finance Affect People’s Income: Evidence from China

Wang, Tingting; Ji, Cheng

doi:10.1155/2022/7025375

Cited by 9 publications

(8 citation statements)

References 12 publications

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“…However, scholars have not yet reached a consensus regarding the impact of financial development on energy and the environment. Some argue that financial development stimulates investment activities, consumption, and economic growth, consequently leading to increased energy demand and pollution emissions [3] . For instance, Fang et al asserted that while financial development has promoted China's economy, it has also resulted in higher CO 2 emissions [4] .…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Research on the Impact of Digital Finance on Energy Efficiency in China

Jin

2024

PBES

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Digital finance and green technology innovation (GTI) serve as powerful engines for promoting energy efficiency (EE) and economic development. This paper explores the mechanism by which digital finance impacts EE based on panel data from 30 provinces in China spanning from 2011 to 2019. The results demonstrate that digital finance can significantly enhance EE, with a particularly pronounced effect in the eastern region. Through mechanistic analysis, it is evident that GTI serves as the transmission pathway through which digital finance influences EE, accounting for 45.3% of the effect. The policy implication of this study suggests that China should expedite the digitization of financial markets to further harness the development of digital finance, particularly in pursuit of its technological innovation and green, low-carbon environmental protection effects.

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Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Research on the Impact of Digital Finance on Energy Efficiency in China

Jin

2024

PBES

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“…Therefore, scholars have conducted a lot of research on the impact of digital finance development. As digital finance is more inclusive and inclusive, it has a significant impact on driving economic growth ( Liu et al, 2021 ), promoting consumption growth ( Li et al, 2020 ), increasing residents’ income ( Wang and Ji, 2022 ), narrowing the urban–rural income gap ( Ji et al, 2021 ), reducing inequality ( Caron, 2022 ), etc. have positive effects.…”

Section: Literature Reviewmentioning

confidence: 99%

The nexus between digital finance and carbon emissions: Evidence from China

Cai

Song

2022

Front. Psychol.

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Finance is significant support for the low-carbon transformation of the real economy, in which digital finance as a new direction of financial development exerts a significant influence on carbon emissions. Therefore, it is crucial to investigate the association between digital finance and carbon emissions in order to develop carbon reduction strategies from the financial side. For this purpose, using the sample set covering 30 provincial areas during 2011–2020, this paper investigates the direct, indirect, and non-linear effects of digital finance on carbon emissions by applying fixed effects, mediating effects, and threshold effects analysis techniques. The results indicate that: (1) digital finance can significantly mitigate carbon emissions at the national level. (2) Digital finance inhibits carbon emissions as it drives green technological innovation and industrial structure upgrading. (3) Significant regional heterogeneity is observed in the effect of digital finance on carbon emissions, i.e., the effects of digital finance on carbon emissions are higher in the east-central region than in the overall sample, while the opposite is true in the western region. (4) The dampening effect on carbon emissions steadily increases as digital finance levels cross the first and second thresholds, respectively. Based on the above considerations, policymakers shall not only develop differentiated digital finance initiatives, but shall also fully unleash carbon emission reduction potential by rationalizing and optimizing industrial layout and strengthening financial subsidies for green technology innovation.

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“…e development index and the excluded financial marketization index are used as the factor market development score (Factor) [32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49]. In addition to the development level of financial inclusion and the development degree of each market, this paper also introduces some control variables to reduce the estimation error caused by ignoring variables: trade openness (open): the scale of foreign trade affects economic growth.…”

Section: Application Models Of Inclusive Finance Inmentioning

confidence: 99%

The Role Model of Inclusive Finance in Regional Economic Development Based on Carbon Neutrality Theory

2022

Mobile Information Systems

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The most significant global challenge is global climate change; carbon emission reduction and carbon neutralization are the last way to solve global climate change. Achieving carbon neutrality will significantly impact the global economy and the national economy. The “dual carbon goals” proposed by China will also substantially impact the global economy and regional economic development. Focusing on regional economic development, achieving carbon neutrality is not only an opportunity for regional economic development but also a challenge. To achieve the goal of carbon neutrality, there must be institutional innovation and management innovation, which will provide new opportunities for balanced development among regions. With the development of inclusive finance, financial services for many disadvantaged groups and small and medium-sized enterprises have been further developed, thereby promoting economic development. With the development of Internet finance, big data, cloud computing, and other technologies, the development of inclusive finance, etc., the concept has also emerged. However, due to the short time of digital financial inclusion, the imperfect regulatory system, and the low degree of public participation, it is worth investigating whether the development of digital financial inclusion has a catalytic effect on the improvement of economic growth. Using the data of 31 provinces to build a panel regression model, this paper studies the market development, the development degree of digital financial inclusion, and the impact of digital financial inclusion on the relationship between factor markets and product markets and regions from the perspective of factor markets and product markets.

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How Does Digital Finance Affect People’s Income: Evidence from China

Cited by 9 publications

References 12 publications

Research on the Impact of Digital Finance on Energy Efficiency in China

Research on the Impact of Digital Finance on Energy Efficiency in China

The nexus between digital finance and carbon emissions: Evidence from China

The Role Model of Inclusive Finance in Regional Economic Development Based on Carbon Neutrality Theory

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