Digital Finance and High-quality Economic Development in the Yellow River Basin-Observations from the Perspective of Carbon Emission Reduction
Carbon emission reduction is an effective strategy to achieve the dual goals of ecological protection and high-quality economic development in the Yellow River Basin.On the basis of measuring the level of high-quality economic development of 50 prefecture-level cities in the Yellow River Basin from 2011 to 2021,this paper analyzes the internal correlation of digital finance to the high-quality economic development in the region and its mechanism from the perspective of reducing carbon emission intensity.The results show that digital finance and high-quality economic development in the Yellow River Basin are on the rise,and digital finance has significantly boosted the high-quality process of economic development in the region with carbon emission reduction being a crucial channel through which it exerts its positive influence.The heterogeneity analysis reveals that the impact of different subdimensions of digital finance on high-quality economic development varies.The driving force of these subdimensions follows a specific order:use depth＞coverage breadth＞digitization degree.The impact of digital finance on economic development in the Yellow River Basin varies across different regions.The lower reaches experience the strongest boost,followed by the middle and upper reaches respectively.Based on the above conclusions,this paper suggests that the Yellow River Basin,especially the upper reaches,should seize the opportunity of digital finance development,strive to reduce carbon emission intensity,and help the region realize low-carbon sustainable and high-quality development as soon as possible.
digital financecarbon emission reductionhigh-quality economic developmentYellow River Basin
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