How does digital finance affect the efficiency of urban green economies? Evidence from China

Hongmei Li and Ruizhe Xu

Finance Research Letters, 2023, vol. 58, issue PD

Abstract: Based on the panel data of 238 prefecture-level cities from 2012 to 2021, the fixed effect model, mediation effect model and threshold regression model are used to empirically examine how digital finance affects urban green economic efficiency. The results of the study show that in terms of the overall effect, digital financial development is conducive to improving urban green economic efficiency, and this conclusion still holds after the robustness test. Green technological innovation helps to improve urban green economic efficiency, and it is an important conduction mechanism for digital finance to drive the urban green economic efficiency to realize the leap. The results of the threshold regression show that there is a nonlinear effect of digital finance on urban green economic efficiency. Heterogeneity discussion found that digital finance has a more significant effect on the improvement of green economic efficiency in large cities and medium-mini-sized cities than in mega-cities. This study further expands the relevant content of the impact effect of digital finance, and provides theoretical and practical experience for the continuous improvement of urban economic efficiency.

Keywords: Digital finance; Urban green economic efficiency; Green technology innovation; Threshold modeling (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323009674
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323009674

DOI: 10.1016/j.frl.2023.104595

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().