How Does Digital Financial Inclusion Affect Energy Usage? Evidence from Prefecture-Level Cities in China

Yu Hao, Shiyao Liu, Aiai Zhao and Guoyao Yan

Emerging Markets Finance and Trade, 2024, vol. 60, issue 4, 769-792

Abstract: Promoting the synergetic growth of the economy, energy, and environment is crucial in the context of China’s digital revolution. This research assesses the impact of digital financial inclusion on energy consumption, considering spatial dimensions and exploring the mechanisms involved in this relationship. The findings reveal the following: (1) As digital financial inclusion spreads, there is a decrease in energy use. This effect exhibits spatial spillover. (2) The depth of use dimension in digital financial inclusion significantly influences energy consumption. This influence is particularly notable in underdeveloped areas and cities with lower levels of innovation and entrepreneurship capacity. (3) Industrial agglomeration serves as a mechanism through which digital financial inclusion impacts energy consumption. Consequently, the development of digital financial inclusion should complement energy policies, providing increased support to underdeveloped regions while promoting the adjustment and transfer of industrial structure.

Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/1540496X.2023.2251649 (text/html)
Access to full text is restricted to subscribers.

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:mes:emfitr:v:60:y:2024:i:4:p:769-792

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MREE20

DOI: 10.1080/1540496X.2023.2251649

Access Statistics for this article

More articles in Emerging Markets Finance and Trade from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().