Naslov
Asymmetric influence of digital finance, and renewable energy technology innovation on green growth in China

Autori
Razzaq, Asif ; Sharif, Arshian ; Ozturk, Ilhan ; Škare, Marinko

Kolaboracija
School of Economics and Management, Dalian University of Technology, Dalian, PR China Department of Business Administration, ILMA University, Karachi, Pakistan, Sunway Business School, Sunway University, Subang Jaya, Malaysia, College of Business Administration, University of Sharjah, Sharjah, United Arab Emirates Faculty of Economics, Administrative and Social Sciences, Nisantasi University, Istanbul, Turkey

Izvornik
Renewable energy (0960-1481) 202 (2023); 310-319

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Digital finance ; Renewable energy technological innovation ; China's regional economies ; Green growth

Sažetak
This study examines the influence of digital finance and renewable energy technology innovation (RETI) on green growth using Chinese regional data from 2007 to 2019. It applies Method of Moments Quantile Regression (MMQR) to integrate asymmetric green growth patterns in China's prefecture-level regions. Moreover, the generalized method of moment (GMM) is used to address possible endogeneity between model variables. The results of MMQR reveal that digital finance stimulates green growth at middle to higher quantiles (4th to 6th), and central and eastern regions fall within these quantiles. In contrast, western regions have an insignificant impact as prescribed by lower quantiles (1st to 3rd). Similarly, RETI failed to increase the growth across lower to middle (1st to 6th) quantiles in western and central regions. However, the extremely high quantiles indicate a significantly positive connection, demonstrating that RETI contributes to green growth primarily in eastern regions. Moreover, the outcomes stated that government intervention significantly enhances green growth throughout quantiles. The results from GMM endorse a similar outcome, indicating that the marginal contribution of digital green finance towards green growth is more substantial in the eastern sub-sample, followed by central and western regions, respectively. Likewise, green growth is more responsive to changes in RETI in eastern and western regions. These results suggest that digital finance and RETI are imperative to ensure regional green growth ; however, their marginal contribution should be improved in western and eastern regions.

Izvorni jezik
Engleski

Znanstvena područja
Interdisciplinarne prirodne znanosti, Ekonomija

POVEZANOST RADA