文献类型：期刊文献

英文题名：The impact of digital financial development on the green economy: An analysis based on a volatility perspective

作者：Song, Yunxing[1,2];Gong, Yuanyuan[1];Song, Yan[2,3]

第一作者：Song, Yunxing

通讯作者：Song, Y[1]

机构：[1]Henan Univ Econ & Law, Coll Econ, Zhengzhou 450046, Peoples R China;[2]Univ North Carolina Chapel Hill, Dept City & Reg Planning, Chapel Hill, NC 27599 USA;[3]Univ North Carolina Chapel Hill, Dept City & Reg Planning, UNC Program Chinese Cities, 314 New East Bldg,CB 3140, Chapel Hill, NC 27599 USA

第一机构：河南财经政法大学经济学院

通讯机构：[1]corresponding author), Univ North Carolina Chapel Hill, Dept City & Reg Planning, UNC Program Chinese Cities, 314 New East Bldg,CB 3140, Chapel Hill, NC 27599 USA.

年份：2024

卷号：434

外文期刊名：JOURNAL OF CLEANER PRODUCTION

收录：;Scopus(收录号：2-s2.0-85180413114);WOS:【SCI-EXPANDED(收录号:WOS:001143016600001)】；

基金：This research was funded by the Key Scientific Research Projects of Colleges and Universities in Henan Province (23A790017) . The China Scholarship Council (202008410007) , the National Social Science Foundation for Youth Program (19CJY001) , the National Natural Science Foundation of China (NSFC) General Program (42171182) , Henan Province University Science and Technology Innovation Talent Support Program (24HASTIT020) , Henan Province Natural Science Outstanding Youth Fund Project (222300420021) .

语种：英文

外文关键词：Green economy; Digital financial development; Consumption volatility; Green credit volatility

摘要：Without a doubt, green development is a consensus reached by most countries globally. However, detailed discussions on the impact of digital finance on green development remain scant among scholars. To address this gap, we first construct a Green Development Index for China. Utilizing provincial panel data from 2011 to 2019, we aim to evaluate the influence of digital finance on green development. Additionally, our research aimed to ascertain the 'rebound' effect of digital finance on green development, especially in terms of volatility. The results show that the development of digital finance has a positive impact on green development, but this impact is asymmetric, mainly exhibiting regional disparities and threshold effects. Moreover, digital finance can effectively suppress consumption volatility and the negative impact of green financial shocks on green devel-opment. Importantly, the smoothing effect of digital finance is particularly pronounced during downturn phases of the financial cycle. Further examination revealed the moderating roles of educational attainment, economic structure, R&D, and governmental intervention. Our findings underscore the pressing need for governmental authorities to prioritize economic transformation and R&D activities to amplify the synergistic benefits between digital finance and green growth. Concurrently, it's essential for governments to carefully evaluate their fiscal policies to ensure they do not inadvertently obstruct the path to sustainable green development.