{"title":"资源诅咒背景下的中国经济增长与低碳发展:基于数字金融的新视角","authors":"","doi":"10.1016/j.iref.2024.103590","DOIUrl":null,"url":null,"abstract":"<div><p>Does digital finance (DIF) in the digital age mitigate the economic challenges stemming from the resource curse and facilitate low-carbon development? This paper extends the theoretical framework of endogenous economic growth to investigate the interactive relationship among economic growth, low-carbon development, and the resource curse. Furthermore, it explores the pivotal role of DIF within this context. Subsequently, this paper employs Chinese provincial data from 2011 to 2020 to empirically examine the theoretical assumptions through econometric methods. The findings are as follows. First, DIF has the potential to stimulate economic growth, whereas resource endowment can impede it. Second, DIF significantly reduces carbon emission intensity (CEI); however, a high degree of resource endowment does not foster low-carbon development. Third, in the mechanism by which resource endowment influences economic growth, DIF exhibits a single threshold effect. When the DIF level surpasses 361.46, the negative relationship between resource endowment and economic growth shifts to a significant positive correlation. Regarding the mechanisms by which resource endowment impacts CEI, DIF shows a double-threshold effect. When DIF surpasses the second threshold, the significant positive impact of resource endowment on CEI becomes significantly negative. Fourth, DIF and resource endowment indirectly influence CEI through economic development. Fifth, the impact of DIF on CEI and the influence of resource endowment on economic growth are marked by resource endowment heterogeneity. DIF exhibits a double-threshold effect on the influence of resource endowment on economic growth in non-resource endowment regions. In resource-rich areas, as the DIF level rises, the significant positive effect of resource endowment on CEI intensifies. Conversely, in non-resource endowment regions, as the DIF level increases, the significant positive effect of resource endowment on CEI transforms into a significant negative effect.</p></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":null,"pages":null},"PeriodicalIF":4.8000,"publicationDate":"2024-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"China's economic growth and low-carbon development under the background of resource curse: A new perspective based on digital finance\",\"authors\":\"\",\"doi\":\"10.1016/j.iref.2024.103590\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Does digital finance (DIF) in the digital age mitigate the economic challenges stemming from the resource curse and facilitate low-carbon development? This paper extends the theoretical framework of endogenous economic growth to investigate the interactive relationship among economic growth, low-carbon development, and the resource curse. Furthermore, it explores the pivotal role of DIF within this context. Subsequently, this paper employs Chinese provincial data from 2011 to 2020 to empirically examine the theoretical assumptions through econometric methods. The findings are as follows. First, DIF has the potential to stimulate economic growth, whereas resource endowment can impede it. Second, DIF significantly reduces carbon emission intensity (CEI); however, a high degree of resource endowment does not foster low-carbon development. Third, in the mechanism by which resource endowment influences economic growth, DIF exhibits a single threshold effect. When the DIF level surpasses 361.46, the negative relationship between resource endowment and economic growth shifts to a significant positive correlation. Regarding the mechanisms by which resource endowment impacts CEI, DIF shows a double-threshold effect. When DIF surpasses the second threshold, the significant positive impact of resource endowment on CEI becomes significantly negative. Fourth, DIF and resource endowment indirectly influence CEI through economic development. Fifth, the impact of DIF on CEI and the influence of resource endowment on economic growth are marked by resource endowment heterogeneity. DIF exhibits a double-threshold effect on the influence of resource endowment on economic growth in non-resource endowment regions. In resource-rich areas, as the DIF level rises, the significant positive effect of resource endowment on CEI intensifies. Conversely, in non-resource endowment regions, as the DIF level increases, the significant positive effect of resource endowment on CEI transforms into a significant negative effect.</p></div>\",\"PeriodicalId\":14444,\"journal\":{\"name\":\"International Review of Economics & Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":4.8000,\"publicationDate\":\"2024-09-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Economics & Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1059056024005823\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056024005823","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
摘要
数字时代的数字金融(DIF)能否缓解资源诅咒带来的经济挑战并促进低碳发展?本文扩展了内生经济增长的理论框架,研究了经济增长、低碳发展和资源诅咒之间的互动关系。此外,本文还探讨了 DIF 在其中的关键作用。随后,本文利用 2011-2020 年中国省级数据,通过计量经济学方法对理论假设进行了实证检验。研究结果如下。首先,DIF 有可能刺激经济增长,而资源禀赋则可能阻碍经济增长。其次,DIF 能大幅降低碳排放强度(CEI);然而,高度的资源禀赋并不能促进低碳发展。第三,在资源禀赋影响经济增长的机制中,DIF 表现出单一的门槛效应。当 DIF 水平超过 361.46 时,资源禀赋与经济增长之间的负相关关系转变为显著的正相关关系。关于资源禀赋影响 CEI 的机制,DIF 显示出双重门槛效应。当 DIF 超过第二个阈值时,资源禀赋对 CEI 的显著正向影响变为显著负向影响。第四,DIF 和资源禀赋通过经济发展间接影响 CEI。第五,DIF 对 CEI 的影响和资源禀赋对经济增长的影响存在资源禀赋异质性。在非资源禀赋地区,DIF 对资源禀赋对经济增长的影响表现出双重阈值效应。在资源丰富的地区,随着 DIF 水平的上升,资源禀赋对 CEI 的显著正向影响会增强。反之,在非资源禀赋地区,随着 DIF 水平的提高,资源禀赋对 CEI 的显著正效应转化为显著负效应。
China's economic growth and low-carbon development under the background of resource curse: A new perspective based on digital finance
Does digital finance (DIF) in the digital age mitigate the economic challenges stemming from the resource curse and facilitate low-carbon development? This paper extends the theoretical framework of endogenous economic growth to investigate the interactive relationship among economic growth, low-carbon development, and the resource curse. Furthermore, it explores the pivotal role of DIF within this context. Subsequently, this paper employs Chinese provincial data from 2011 to 2020 to empirically examine the theoretical assumptions through econometric methods. The findings are as follows. First, DIF has the potential to stimulate economic growth, whereas resource endowment can impede it. Second, DIF significantly reduces carbon emission intensity (CEI); however, a high degree of resource endowment does not foster low-carbon development. Third, in the mechanism by which resource endowment influences economic growth, DIF exhibits a single threshold effect. When the DIF level surpasses 361.46, the negative relationship between resource endowment and economic growth shifts to a significant positive correlation. Regarding the mechanisms by which resource endowment impacts CEI, DIF shows a double-threshold effect. When DIF surpasses the second threshold, the significant positive impact of resource endowment on CEI becomes significantly negative. Fourth, DIF and resource endowment indirectly influence CEI through economic development. Fifth, the impact of DIF on CEI and the influence of resource endowment on economic growth are marked by resource endowment heterogeneity. DIF exhibits a double-threshold effect on the influence of resource endowment on economic growth in non-resource endowment regions. In resource-rich areas, as the DIF level rises, the significant positive effect of resource endowment on CEI intensifies. Conversely, in non-resource endowment regions, as the DIF level increases, the significant positive effect of resource endowment on CEI transforms into a significant negative effect.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.