Abstract
Digital finance is a new model of financial greening development, which is efficient, convenient and low-cost, and promotes green urbanization. This paper examines the effect, heterogeneity and transmission mechanism of digital finance on green urbanization based on inter-provincial panel data in China from 2011 to 2019, using fixed effects model and mediating effect. The results show that digital finance can significantly promote the development of green urbanization. However, there is regional heterogeneity and structural heterogeneity in the impact of digital finance on green urbanization, with the eastern region playing a significant role, the coverage of digital finance playing a significant role, and the digitalization playing a suppressive role. Further research shows that technological innovation is an important intermediary channel for digital finance to influence the development of green urbanization.
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Acknowledgements
This research is supported by: (1) Foundation Program of Humanities and Social Sciences Research of Education Bureau of Hubei Province: “Research on Financial Service Innovation for the Development of New Urbanization in Hubei Province—Based on the Perspective of Internet Finance” (15G156). (2) Foundation Program of Hubei Business Service Development Research Center: “Research on Innovation of Internet Financial Services in the Context of New Urbanization” (2017Y009).
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Wu, H., Zhang, X. (2023). The Effect and Mechanism of Digital Finance on Green Urbanization. In: Gupta, R., Bartolucci, F., Katsikis, V.N., Patnaik, S. (eds) Recent Advancements in Computational Finance and Business Analytics. CFBA 2023. Learning and Analytics in Intelligent Systems, vol 32. Springer, Cham. https://doi.org/10.1007/978-3-031-38074-7_10
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DOI: https://doi.org/10.1007/978-3-031-38074-7_10
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