The Impact of Digital Finance on Carbon Rebound and Its Spatial Spillover Effect
Based on the spatial spillover perspective of digital finance,using panel data from 30 provinces in mainland China from 2012 to 2021 as a sample,a spatial dubin model was constructed to analyze the impact of digital finance on the carbon rebound in the region and surrounding areas,and the mechanism of digital finance on carbon rebound was discussed from the perspectives of industry,technology and capital.The research results showed that:(1)digital finance can significantly inhibit local carbon rebound,and digital finance and carbon rebound both have global correlation and local agglomeration characteristics,digital finance can reduce the level of carbon rebound in surrounding areas through spatial spillover effects,which is still valid after a series of robustness tests;(2)Heterogeneity analysis showed that:The digital finance had a stronger inhibition effect on carbon rebound in developed regions with traditional finance,and digital finance can inhibit the improvement of carbon rebound level in eastern,central,and western regions,and digital finance in eastern regions had a significant inhibitory effect on carbon rebound in surrounding regions,while digital finance in central and western regions had no obvious spillover effect;(3)The mechanism analysis results showed that:The digital finance inhibits carbon rebound by promoting industrial structure optimization,encouraging green technology innovation and developing green finance,and the intermediary effect of industrial structure optimization is the strongest,followed by green finance,the intermediary effect of green technology innovation was the weakest.Digital finance can promote the optimization of industrial structure,green technology innovation and green finance development in the region,but the spatial spillover effect on surrounding areas is not obvious.Industrial structure optimization can reduce the carbon rebound level in the region,while green technology innovation and green finance can reduce the carbon rebound level in the region while reducing the carbon rebound level in the surrounding region.
digital financecarbon reboundspace overflowgreen financegreen technology innovation
万方数据
维普
