Can Fintech Improve the Inclusive Green Total Factor Productivity in Cities?
The inclusive green total factor productivity emphasizes the coordinated progress of green development,social equity and economic growth,and is an important basis for judging the quality of urban economic development.This paper empirically examines the impact of fintech on the inclu-sive green total factor productivity in cities and its mechanism using data of 284 cities at prefecture level and above in China from 2011-2019.It is found that fintech has a significant promoting effect on the inclusive green total factor productivity of cities,which is mainly reflected in the significant improvement of the technological progress index,and this conclusion remains valid after a series of endogenous processing and robustness tests.Mechanism analysis shows that fintech can enhance the inclusive green total factor productivity in cities by promoting green innovation,increasing environ-mental protection investment,and stimulating entrepreneurial vitality.Heterogeneity analysis shows that the promotion effect of fintech on the inclusive green total factor productivity is more obvious in cities with higher human capital,better financial development and better infrastructure construction.The research of this paper provides important empirical evidence for accelerating the realization of the"double dividend"of economic green development and inclusive growth.
FintechInclusive Green Total Factor ProductivityGreen InnovationEnvironmental Protection InvestmentEntrepreneurial Vitality
万方数据
维普
