Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China

Xue, Qiutong; Feng, Si-xian; Chen, Kairan; Li, Muchen

doi:10.3390/su14148340

Cited by 39 publications

(24 citation statements)

References 47 publications

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“…Along with the rapid development of the digital economy and the extensive embedding of digital technologies, China's rural socioeconomic sectors are undergoing profound digital transformation (36)(37)(38). Internet is not only a key element in enhancing production efficiency, but has also become an important driving force in upgrading the structure of farmers' diets (39,40).…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Does Internet use connect smallholder farmers to a healthy diet? Evidence from rural China

2023

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IntroductionUndernutrition and micronutrient malnutrition remain problems of significant magnitude among small-scale subsistence farmers, posing a serious threat to their health and well-being. Developing a healthy diet can effectively reduce this threat. Fortunately, the Internet can speed up the process.MethodsBased on survey data from 5,114 farm households in nine provinces in China, this study quantitatively assesses the impact of Internet use on the dietary quality of smallholder farmers using OLS regression models and PSM models.Results/Discussion(1) Internet use can significantly contribute to dietary diversity and dietary rationality among smallholder farmers, thus optimizing their dietary structure. (2) Internet use significantly increased the average consumption amounts of milk and its products (2.9 g), fruits (21.5 g), eggs (7.5 g), and vegetables (27.1 g), while also decreasing the intake of salts (1.5 g) and oil (3.8 g). (3) The pull of internet use to improve diet quality is more significant for smallholder households with lower levels of education, older heads of households, and higher household incomes. (4) A possible mechanism is that Internet use increases household income and information access skills of rural residents, thus improving their dietary quality. In summary, governments should further promote Internet penetration in rural areas for health purposes.

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Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

Does Internet use connect smallholder farmers to a healthy diet? Evidence from rural China

2023

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“…Obviously, the research results of many scholars are not consistent. From the similarity study of Xue et al (2022) and Zhao et al (2021), it can be seen that although the two articles are aimed at the carbon emission efficiency of digital finance, Xue et al (2022) conducted a study on 278 prefecture-level cities in China and pointed out that the development of digital finance has played a significant role in promoting carbon emission efficiency in various regions of China. However, Zhao et al (2021) took 30 provinces in China as an example, through research and analysis: the impact of China's digital finance on carbon emissions presents an "inverted U-shaped" state.…”

Section: Spillover Effect Mechanism Of Green Technology Innovation An...mentioning

confidence: 99%

Interaction and spatial effects of green technology innovation and financial agglomeration: Empirical evidence from China under the goal of “double carbon”

Han

Yan

et al. 2022

Front. Environ. Sci.

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Green technology innovation is an important means to help reduce carbon emissions. Most of the current researches focus on the evaluation of green technology innovation and its relationship with economic factors, while ignoring its relationship with financial factors. In fact, financial development is an important driving force for further improving the efficiency of technological innovation, especially in developing countries. China, which has put forward the “double carbon” strategy (achieve peak carbon dioxide emission and carbon neutrality) in recent years, has a lot of interaction between green technology innovation and financial development, which is a good research sample. Based on the provincial panel data of 30 provinces in China from 2003 to 2020, this paper follows the research steps: 1) From the perspective of carbon emissions, we use the non-radial super-efficiency SBM-ML model to measure the total factor productivity of green technology innovation. 2) We analyze the temporal and spatial changes of green technology innovation and financial agglomeration in each province. 3) We establish a spatial simultaneous model of generalized three-stage least squares to study the intrinsic relationship between green technology innovation and financial agglomeration. The results show that: 1) The financial agglomeration level of each province is basically stable due to the fixedness of the financial core area, but the development speed of green technology innovation in the southeast coastal area is significantly higher than that in the inland area. 2) The interaction between green technology innovation and financial agglomeration has a nonlinear mechanism of “low-level inhibition and high-level promotion,” that is, low-level financial agglomeration has an inhibitory effect on green technology innovation, and as the level of financial agglomeration increases, its impact on green technology innovation gradually develops positively, and vice versa. 3) The green technology innovation and financial agglomeration in the surrounding provinces have positive and significant promoting effects on the green technology innovation and financial agglomeration in the province, but the impact of green technology innovation is significantly stronger than that of financial agglomeration. Finally, suggestions are put forward for further reducing carbon emissions, realizing the sustainable economic growth and approaching goals of “carbon peaking and carbon neutrality.”

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“…Besides, Xin et al (2022) reveal that digital finance can boost pollution-intensive enterprises to shoulder more social responsibility and thus polluter of source control, considering the behavior of the micro enterprises. Adopting Chinese cities as a survey sample, Xue et al (2022) yield an interesting finding that digital finance has stronger mitigating effects on carbon emissions in cities with more developed economies, and the effect generates significant shocks to neighboring areas. A similar opinion was reached by Wang et al (2022b) that digital financial technologies not only impinge directly on carbon emission reduction, but also on curbing carbon emissions on the basis of boosting economic growth and industrial structure upgrading.…”

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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Impact of Digital Finance on Regional Carbon Emissions: An Empirical Study of Sustainable Development in China

Cited by 39 publications

References 47 publications

Does Internet use connect smallholder farmers to a healthy diet? Evidence from rural China

Does Internet use connect smallholder farmers to a healthy diet? Evidence from rural China

Interaction and spatial effects of green technology innovation and financial agglomeration: Empirical evidence from China under the goal of “double carbon”

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

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