The mechanism of green finance and green innovation on carbon productivity and its regional heterogeneity

Mengxue Fan

International Journal of Low-Carbon Technologies, 2025, vol. 20, 1924-1935

Abstract: To examine the impact of green finance (GF) and green innovation (GI) on carbon productivity (CP) and its regional variations, a theoretical model was developed and subsequently subjected to a geographical Durbin model analysis. The outcomes of the empirical analysis indicated that both GF and GI significantly enhance CP, and there is a synergistic effect between them. However, their effects are heterogeneous in different regions, with developed regions having significant enhancement effects due to their good economic foundation, high technological level, and abundant financial resources, while less developed regions have relatively weaker enhancement effects due to their lack of financial resources and weak technological foundation.

Keywords: green finance; green innovation; carbon productivity; regional heterogeneity; empirical analysis (search for similar items in EconPapers)
Date: 2025
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