Unleashing the power of data element markets: Driving urban green growth through marketization, innovation, and digital finance

Li Dong, Xiaowei Zhu, Luwei Yang and Guoliang Jiang

International Review of Economics & Finance, 2025, vol. 99, issue C

Abstract: Achieving sustainable urban growth is vital for fostering cities where economic progress and ecological balance coexist. The rapid evolution of the digital economy presents new opportunities to accelerate urban green development. This study, drawing on China's extensive big data framework, applies a Differences-in-Differences model to explore how the construction of data element markets influences urban sustainability and the mechanisms underlying this relationship. The findings indicate that data element market development significantly enhances urban green growth through three key mediators: improving marketization levels, driving green technological innovation, and expanding digital inclusive finance. Additionally, the study highlights that regions with stronger green development initiatives, lower environmental pressures, and higher economic prosperity experience a more pronounced positive effect. These insights provide a foundation for policy recommendations aimed at leveraging data element markets to facilitate urban sustainability, promote economic resilience, and foster long-term ecological progress.

Keywords: Data element markets; Urban sustainability; Marketization; Green innovation; Digital inclusive finance (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056025002333
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:reveco:v:99:y:2025:i:c:s1059056025002333

DOI: 10.1016/j.iref.2025.104070

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().