Research on the Driving Effect of Green Finance Development on High-Quality Development of the Digital Economy: An Empirical Test Based on Provincial Panel Data in China
Abstract
The dual-carbon strategy and the digital economy are coming together. Green finance helps direct resources to low-carbon and digital areas. We use panel data from 30 Chinese provinces between 2014 and 2023. We build indices for green finance and digital attention. We test their relationship using fixed-effects models and mediation tests. Green finance increases government attention to the digital economy. This effect is stronger in low-income regions. The effect works through a signaling-attention channel. It does not depend on innovation or industrial structure. The results show green finance can serve as a dual-purpose policy lever.
Fields of Study & Subjects
Sustainable Finance and Green Bonds
Digital Economy and Transformation
Energy
Environment
Economic Growth
Publication details
- Journal / source
- Advances in Economics Management and Political Sciences
- Volume
- 251
- Issue
- 1
- Pages
- 206–214
- Publication date
- 24 February 2026
- Language
- EN