The Supportive Effects and Countermeasures of Green Finance on the Digital Economy
Based on panel data from 30 provinces in China from 2011 to 2022,this study analyzed the supporting effect of green finance on the digital economy using individual fixed-effects model,mediation effect model,and single threshold effect model.The findings reveal that:green finance is an effective pathway to promote the development of the digital economy,and it can further enhance digital economy growth through green technological innovation;the impact of green finance on the digital economy exhibits significant regional heterogeneity,with the eastern region showing notably higher effects compared to the central and western regions.Additionally,there is resource-based heterogeneity,as resource-rich provinces experience more substantial positive effects than non-resource-based provinces;a notable single threshold effect is observed,suggesting a nonlinear relationship between green finance and the digital economy.Consequently,the study recommends accelerating the digital transformation of green finance in China,constructing a comprehensive green technological innovation system,implementing differentiated green finance policies to promote regional coordinated development,and rationally allocating green resources to support the green transition.
digital economygreen financegreen technological innovationregional heterogeneity
万方数据
维普
