The impact of digital finance on green innovation: Evidence from provinces in China

Quan-Jing Wang, Kai Tang and Hai-Qing Hu

Innovation and Green Development, 2022, vol. 1, issue 1

Abstract: This paper tries to uncover the shock of digital finance on green innovation by employing data for 30 provinces, municipalities or autonomous regions in China via estimation of fixed effect model and further divides the whole sample into three regions to see whether this impact is constant among the east, central, and west regions. The empirical study shows that higher level of digital finance is usually associated with better green innovation, which is reliable while we carry out robustness tests. Furthermore, while coverage and depth of digital finance benefits for green innovation, the degree of it cannot affect green innovation. In addition, heterogeneity analysis for different regions shows that while the digital finance tends to be beneficial for green innovation in western and central regions, it exerts no significant impact in easter regions.

Keywords: Digital inclusive finance; Green innovation; Heterogeneity analysis (search for similar items in EconPapers)
JEL-codes: E44 P34 Q55 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (45)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2949753122000078
Open-access

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:ingrde:v:1:y:2022:i:1:s2949753122000078

DOI: 10.1016/j.igd.2022.100007

Access Statistics for this article

Innovation and Green Development is currently edited by Hai-Jie Wang and Chun-Ping Chang

More articles in Innovation and Green Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().