{"title":"Effect of digital finance on inclusive green growth through technological innovation","authors":"Ying Li, Yuanping Fang","doi":"10.1080/2157930x.2023.2268914","DOIUrl":null,"url":null,"abstract":"ABSTRACTInclusive green growth is crucial for sustainable economic development. Through subjective and objective comprehensive evaluation methods, this study measures the level of inclusive green growth for 30 provinces in China from 2011 to 2019. On this basis, the study uses multiple empirical methods to analyze the effect of digital finance on inclusive green growth. The results reveal that digital finance significantly promotes inclusive green growth through the mechanism of technological innovation. In addition, the threshold regression model indicates that digital finance has a marginally increasing effect under single threshold constraints of its development level and coverage breadth. However, digital finance has a marginally decreasing effect under the single threshold constraint of traditional finance development level. Finally, a heterogeneity test indicates that digital finance significantly promotes inclusive green growth in regions with low per capita GDP, those with a high agricultural GDP percentage, and central and western regions.KEYWORDS: Digital financetechnological innovationsustainabilityinclusive growthnonlinear effect Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by the National Natural Science Foundation of China (No. 42171172), the Natural Science Foundation of Guangdong Province (No. 2021A1515012248), Major Program of the National Social Science Fund of China (No. 21ZDA011).","PeriodicalId":37815,"journal":{"name":"Innovation and Development","volume":"1 1","pages":"0"},"PeriodicalIF":1.4000,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Innovation and Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/2157930x.2023.2268914","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
引用次数: 0
Abstract
ABSTRACTInclusive green growth is crucial for sustainable economic development. Through subjective and objective comprehensive evaluation methods, this study measures the level of inclusive green growth for 30 provinces in China from 2011 to 2019. On this basis, the study uses multiple empirical methods to analyze the effect of digital finance on inclusive green growth. The results reveal that digital finance significantly promotes inclusive green growth through the mechanism of technological innovation. In addition, the threshold regression model indicates that digital finance has a marginally increasing effect under single threshold constraints of its development level and coverage breadth. However, digital finance has a marginally decreasing effect under the single threshold constraint of traditional finance development level. Finally, a heterogeneity test indicates that digital finance significantly promotes inclusive green growth in regions with low per capita GDP, those with a high agricultural GDP percentage, and central and western regions.KEYWORDS: Digital financetechnological innovationsustainabilityinclusive growthnonlinear effect Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by the National Natural Science Foundation of China (No. 42171172), the Natural Science Foundation of Guangdong Province (No. 2021A1515012248), Major Program of the National Social Science Fund of China (No. 21ZDA011).
期刊介绍：
conomic development and growth depend as much on social innovations as on technological advances. However, the discourse has often been confined to technological innovations in the industrial sector, with insufficient attention being paid to institutional and organisational change and to the informal sector which in some countries in the South plays a significant role. Innovation and Development is an interdisciplinary journal that adopts a broad approach to the study of innovation, in all sectors of the economy and sections of society, furthering understanding of the multidimensional process of innovation and development. It provides a forum for the discussion of issues pertaining to innovation, development and their interaction, both in the developed and developing world, with the aim of encouraging sustainable and inclusive growth. The journal encourages articles that approach the problem broadly in line with innovation system perspective focusing on the evolutionary and institutional structure of innovation and development. This focus cuts across the disciplines of Economics, Sociology, Political Science, Science and Technology Policy, Geography and Development Practice. In a section entitled Innovation in Practice, the journal includes short reports on innovative experiments with proven development impact with a view to encouraging scholars to undertake systematic inquiries on such experiments. Brief abstracts of degree awarded PhD theses in the broad area of concern for the journal and brief notes which highlight innovative ways of using internet resources and new databases or software are also published.
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