The Impact of Digital Financial Inclusion on Improving Green Total Factor Productivity and Its Spatial Effect
Improving green total factor productivity is the key to achieve high-quality economic development in China.This study employs a non-expected output-super-efficiency SBM model combined with a GML index to assess the green to-tal factor productivity(GTFP)across 30 provinces in China.Additionally,a spatial Durbin model has been developed to quanti-tatively analyze how digital financial inclusion impacts regional GTFP through spatial spillover effects,while testing their inter-play using an intermediate effect model.The findings indicate that the development of digital financial inclusion will not only increase GTFP in the region,but also help to increase GTFP in neighboring regions,and this spatial spillover effect is more ob-vious in the eastern region.In terms of mechanism analysis,digital financial inclusion influences GTFP through carbon emission intensity and technological innovation.With the support of carbon reduction and innovation environment,digital financial in-clusion can strengthen the improvement of green total factor productivity.
digital finance inclusionspatial spillover effectgreen total factor productivitytechnology innovation
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