The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transit...The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transition toward a more ecologically responsible economy.This paper employs a two-way fixed-effects model,utilizing provincial panel data spanning from 2012 to 2020,to investigate the influence of green credit on regional carbon emissions within different regions of China.The results reveal a significant reduction in carbon emissions as a consequence of the green credit program’s implementation.The analysis of the pathway indicates that green credit is instrumental in mitigating carbon emissions by instigating shifts in the energy mix,with evidence suggesting a partial mediating effect.Furthermore,a heterogeneity analysis discovered that the suppressive impact of green credit on carbon emissions is more pronounced in the eastern and western regions of China,while it is less significant in the central and northeastern areas.The implications of this study provide robust evidence in support of the role of green credit in reducing carbon emissions and can serve as a valuable resource for policymakers aiming to promote the expansion of green credit programs and,in turn,contribute to substantial reductions in carbon emissions.展开更多
Based on the“The Belt and Road”initiative,this article selects the panel data of A-share manufacturing listed companies in 2014 and 2016,and uses the difference in difference(DID)model to test the effect of fiscal s...Based on the“The Belt and Road”initiative,this article selects the panel data of A-share manufacturing listed companies in 2014 and 2016,and uses the difference in difference(DID)model to test the effect of fiscal subsidy policies on the innovative behavior of Chinese manufacturing companies since the“The Belt and Road”initiative was proposed.Influence,and the mediating effect of innovation cooperation between financial subsidies and innovation behavior.The empirical results show that the fiscal subsidy policy has affected the innovation behavior of manufacturing enterprises,but the results of this effect are different due to different stages of innovation behavior.In addition,in the process of enterprises carrying out innovative behaviors,innovation cooperation can promote the effective use of financial subsidies by enterprises,thereby enhancing their innovative behaviors.Finally,based on the conclusions,corresponding suggestions are put forward at the three levels of enterprise,policy and system.展开更多
The digital inclusive financial system digitizes and informationizes the inclusive financial service system,breaks through the physical limitations,expands the service scope of traditional financial services,and uses ...The digital inclusive financial system digitizes and informationizes the inclusive financial service system,breaks through the physical limitations,expands the service scope of traditional financial services,and uses Internet technology to promote the development of financial services in underdeveloped areas and the sound operation of the financial system.Therefore,it is very forward-looking to study the relationship between digital inclusive finance and economic growth,and make suggestions on the development of digital inclusive finance in Guangxi.Based on this,this paper selects the data of 14 prefecture level cities in Guangxi from 2011 to 2020,and on the basis of theoretical analysis to put forward assumptions,conducts empirical analysis on the impact of digital inclusive finance on economic growth to verify relevant assumptions.The research results show that digital inclusive finance can effectively promote the economic development of Guangxi,while promoting economic growth through two paths,namely,improving the living standards of rural residents and promoting the optimization and upgrading of industrial structure.Based on the research results,we further put forward policy recommendations such as improving the local digital inclusive financial product system,improving rural financial coverage,giving play to government guidance,and improving the relevant legal system.展开更多
文摘The utilization of a green financial system,particularly through the implementation of green credit,plays a pivotal role in fostering environmentally sustainable,low-carbon economic growth and facilitating the transition toward a more ecologically responsible economy.This paper employs a two-way fixed-effects model,utilizing provincial panel data spanning from 2012 to 2020,to investigate the influence of green credit on regional carbon emissions within different regions of China.The results reveal a significant reduction in carbon emissions as a consequence of the green credit program’s implementation.The analysis of the pathway indicates that green credit is instrumental in mitigating carbon emissions by instigating shifts in the energy mix,with evidence suggesting a partial mediating effect.Furthermore,a heterogeneity analysis discovered that the suppressive impact of green credit on carbon emissions is more pronounced in the eastern and western regions of China,while it is less significant in the central and northeastern areas.The implications of this study provide robust evidence in support of the role of green credit in reducing carbon emissions and can serve as a valuable resource for policymakers aiming to promote the expansion of green credit programs and,in turn,contribute to substantial reductions in carbon emissions.
文摘Based on the“The Belt and Road”initiative,this article selects the panel data of A-share manufacturing listed companies in 2014 and 2016,and uses the difference in difference(DID)model to test the effect of fiscal subsidy policies on the innovative behavior of Chinese manufacturing companies since the“The Belt and Road”initiative was proposed.Influence,and the mediating effect of innovation cooperation between financial subsidies and innovation behavior.The empirical results show that the fiscal subsidy policy has affected the innovation behavior of manufacturing enterprises,but the results of this effect are different due to different stages of innovation behavior.In addition,in the process of enterprises carrying out innovative behaviors,innovation cooperation can promote the effective use of financial subsidies by enterprises,thereby enhancing their innovative behaviors.Finally,based on the conclusions,corresponding suggestions are put forward at the three levels of enterprise,policy and system.
基金Guangxi Social Science Fund Project"Research on the Mechanism and Practice of Industrial Clusters in Pinglu Canal Economic Belt"(Approval No.24JLF004)Major Project of Guangxi Education Science"14th Five Year Plan"for 2025(Approval No.:2025JD30)。
文摘The digital inclusive financial system digitizes and informationizes the inclusive financial service system,breaks through the physical limitations,expands the service scope of traditional financial services,and uses Internet technology to promote the development of financial services in underdeveloped areas and the sound operation of the financial system.Therefore,it is very forward-looking to study the relationship between digital inclusive finance and economic growth,and make suggestions on the development of digital inclusive finance in Guangxi.Based on this,this paper selects the data of 14 prefecture level cities in Guangxi from 2011 to 2020,and on the basis of theoretical analysis to put forward assumptions,conducts empirical analysis on the impact of digital inclusive finance on economic growth to verify relevant assumptions.The research results show that digital inclusive finance can effectively promote the economic development of Guangxi,while promoting economic growth through two paths,namely,improving the living standards of rural residents and promoting the optimization and upgrading of industrial structure.Based on the research results,we further put forward policy recommendations such as improving the local digital inclusive financial product system,improving rural financial coverage,giving play to government guidance,and improving the relevant legal system.
