Has digital transformation driven the development of green finance? Evidence from China
デジタル変革はグリーンファイナンスの発展を促進したか？中国からのエビデンス (AI 翻訳)
Gong Zhang, Shulei Bi
🤖 gxceed AI 要約
日本語
本研究は、中国の都市データを用いて、デジタル変革がグリーンファイナンスの発展に与える影響を差分の差分法で分析。デジタル変革は都市グリーンファイナンス指数を約1.42%押し上げ、持続的な効果と空間的波及効果があることを示した。また、地方財政自主性や制度環境、資源投入が媒介要因として機能する。
English
This study uses a difference-in-differences method on Chinese city data to evaluate the impact of digital transformation on urban green finance development. It finds that digital transformation consistently boosts the Urban Green Finance Development Index by about 1.42%, with sustained effects and spatial spillovers. Local fiscal autonomy, institutional environments, and resource inputs are key mechanisms.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国のデジタル変革とグリーンファイナンスの連関を実証した点は、日本でもDXとGXの統合が議論される中で参考になる。ただし、中国特有の政策・制度環境に依存するため、そのまま日本に適用するには注意が必要。
In the global GX context
This paper provides empirical evidence on how digital transformation can drive green finance, relevant for global discussions on fintech and sustainable finance. The Chinese context offers lessons for other developing countries, but the specific policy mechanisms may not directly transfer to developed economies.
👥 読者別の含意
🔬研究者:Provides a rigorous empirical framework for studying the intersection of digital transformation and green finance, with implications for policy evaluation.
🏢実務担当者:Highlights the potential of digital transformation to enhance green finance development, useful for corporate strategy in fintech and sustainability.
🏛政策担当者:Offers evidence that digital transformation policies can stimulate green finance, with insights on fiscal and institutional mechanisms for replication.
📄 Abstract（原文）
Digital transformation has become one of the key driving forces behind global economic development. Concurrently, there is growing recognition of the importance of green finance as a critical tool for promoting sustainable development and facilitating the transition to a low-carbon economy. While previous studies have acknowledged the contribution of digital technologies to financial innovation, there is a lack of comprehensive examination from the perspective of the intersection between green finance and digital transformation. In this study,the difference-in- difference method to systematically evaluate the impact of digital transformation on the development of urban green finance. Our findings demonstrate that digital transformation has consistently stimulated the growth of urban green finance, leading to a significant increase of approximately 1.42% in the Urban Green Finance Development Index. Moreover, the policies exhibit sustained effects and spatial spillover. Additionally, digital transformation significantly influences the development of urban green finance by local fiscal autonomy mechanism, institutional environments, and resource inputs. From a spatial distribution perspective, the impact of digital transformation on urban green finance development follows the pattern of the eastern region > central region > western region region, with regional synergy effects enhancing the influence of cross-regional digital transformation strategies on urban green finance development. This paper provides a theoretical foundation and practical guidance for the discussion of sustainable financial transformation and policy effects. Additionally, it serves as a practical reference for other developing countries in implementing digital transformation policies, further promoting sustainable development and the realization of a low-carbon economy.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1142/s0217590825500584first seen 2026-05-05 19:06:55
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