IDEAS home Printed from https://ideas.repec.org/a/eee/ingrde/v2y2023i3s2949753123000218.html
   My bibliography  Save this article

Does regional digital economy development influence green investment?

Author

Listed:
  • Li, Shuangyan
  • Chang, Ge
  • Zunong, Reyihanguli

Abstract

This study empirically investigates the impact of regional digital economy level on green investment and analyzes the heterogeneity according to geographical location and economic development level by using provincial panel data from 2010 to 2020. The results demonstrate that, first, the digital economy level was found to significantly pull on green investment; second, heterogeneity analysis reveals that regional differences were found in this relationship, specifically, the digital economy level is more capable of increasing green investment in the western region compared to the central and eastern regions.

Suggested Citation

  • Li, Shuangyan & Chang, Ge & Zunong, Reyihanguli, 2023. "Does regional digital economy development influence green investment?," Innovation and Green Development, Elsevier, vol. 2(3).
    • Handle: RePEc:eee:ingrde:v:2:y:2023:i:3:s2949753123000218
    DOI: 10.1016/j.igd.2023.100053
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2949753123000218
    Download Restriction: Open-access
    File URL: https://libkey.io/10.1016/j.igd.2023.100053?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Llopis-Albert, Carlos & Rubio, Francisco & Valero, Francisco, 2021. "Impact of digital transformation on the automotive industry," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    2. Hariyani, Dharmendra & Mishra, Sanjeev & Hariyani, Poonam & Sharma, Milind Kumar, 2023. "Drivers and motives for sustainable manufacturing system," Innovation and Green Development, Elsevier, vol. 2(1).
    3. Hua, Cheng & Wang, Ke, 2023. "Multi-factor productivity growth with natural capital and undesirable output: A measurement for OECD and G20 countries," Innovation and Green Development, Elsevier, vol. 2(2).
    4. Susanto Basu & John G. Fernald, 2008. "Information and communications technology as a general purpose technology: evidence from U.S. industry data," Economic Review, Federal Reserve Bank of San Francisco, pages 1-15.
    5. Pan, Wenrong & Xie, Tao & Wang, Zhuwang & Ma, Lisha, 2022. "Digital economy: An innovation driver for total factor productivity," Journal of Business Research, Elsevier, vol. 139(C), pages 303-311.
    6. Wang, Nannan & Cui, Dengfeng & Dong, Yin, 2023. "Study on the impact of business environment on private enterprises' technological innovation from the perspective of transaction cost," Innovation and Green Development, Elsevier, vol. 2(1).
    7. Ren, Siyu & Hao, Yu & Xu, Lu & Wu, Haitao & Ba, Ning, 2021. "Digitalization and energy: How does internet development affect China's energy consumption?," Energy Economics, Elsevier, vol. 98(C).
    8. Sa Xu & Cunyi Yang & Zhehao Huang & Pierre Failler, 2022. "Interaction between Digital Economy and Environmental Pollution: New Evidence from a Spatial Perspective," IJERPH, MDPI, vol. 19(9), pages 1-23, April.
    9. Han Long & Chun-Ping Chang & Sujeetha Jegajeevan & Kai Tang, 2022. "Can Central Bank Mitigate the Effects of the COVID-19 Pandemic on the Macroeconomy?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(9), pages 2652-2669, July.
    10. Raihan, Asif & Pavel, Monirul Islam & Muhtasim, Dewan Ahmed & Farhana, Sadia & Faruk, Omar & Paul, Arindrajit, 2023. "The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia," Innovation and Green Development, Elsevier, vol. 2(1).
    11. Ma, Dan & Zhu, Qing, 2022. "Innovation in emerging economies: Research on the digital economy driving high-quality green development," Journal of Business Research, Elsevier, vol. 145(C), pages 801-813.
    12. Yan Xue & Caidong Jiang & Yunxia Guo & Jianmin Liu & Haitao Wu & Yu Hao, 2022. "Corporate Social Responsibility and High-quality Development: Do Green Innovation, Environmental Investment and Corporate Governance Matter?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(11), pages 3191-3214, September.
    13. Hussain, Moon Moon & Pal, Shreya & Villanthenkodath, Muhammed Ashiq, 2023. "Towards sustainable development: The impact of transport infrastructure expenditure on the ecological footprint in India," Innovation and Green Development, Elsevier, vol. 2(2).
    14. Shahbaz, Muhammad & Wang, Jianda & Dong, Kangyin & Zhao, Jun, 2022. "The impact of digital economy on energy transition across the globe: The mediating role of government governance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 166(C).
    15. Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki, 2019. "The way to induce private participation in green finance and investment," Finance Research Letters, Elsevier, vol. 31(C), pages 98-103.
    16. Wen, Jun & Zhao, Xin-Xin & Fu, Qiang & Chang, Chun-Ping, 2023. "The impact of extreme weather events on green innovation: Which ones bring to the most harm?," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    17. Raihan, Asif, 2023. "Toward sustainable and green development in Chile: Dynamic influences of carbon emission reduction variables," Innovation and Green Development, Elsevier, vol. 2(2).
    18. Mingbo Zheng & Gen-Fu Feng & Xinxin Zhao & Chun-Ping Chang, 2023. "The transaction behavior of cryptocurrency and electricity consumption," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-18, December.
    19. Xing-Yun Zou & Xin-Yu Peng & Xin-Xin Zhao & Chun-Ping Chang, 2023. "The impact of extreme weather events on water quality: international evidence," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 115(1), pages 1-21, January.
    20. Yang Liu & Yanlin Yang & Huihui Li & Kaiyang Zhong, 2022. "Digital Economy Development, Industrial Structure Upgrading and Green Total Factor Productivity: Empirical Evidence from China’s Cities," IJERPH, MDPI, vol. 19(4), pages 1-23, February.
    21. Tang, Kai & Li, Zhenshan & He, Chun, 2023. "Spatial distribution pattern and influencing factors of relative poverty in rural China," Innovation and Green Development, Elsevier, vol. 2(1).
    22. Hongshan Ai & Shenglan Hu & Ke Li & Shuai Shao, 2020. "Environmental regulation, total factor productivity, and enterprise duration: Evidence from China," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2284-2296, September.
    23. Mgomezulu, Wisdom Richard & Machira, Kennedy & Edriss, Abdi-Khalil & Pangapanga-Phiri, Innocent, 2023. "Modelling farmers’ adoption decisions of sustainable agricultural practices under varying agro-ecological conditions: A new perspective," Innovation and Green Development, Elsevier, vol. 2(1).
    24. Sui, Bo & Yao, Liuyang, 2023. "The impact of digital transformation on corporate financialization: The mediating effect of green technology innovation," Innovation and Green Development, Elsevier, vol. 2(1).
    25. Jinlin Li & Litai Chen & Ying Chen & Jiawen He, 2022. "Digital economy, technological innovation, and green economic efficiency—Empirical evidence from 277 cities in China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 616-629, April.
    26. Abanyie, Samuel Kojo & Ampadu, Boateng & Frimpong, Nana Adwoa & Yahans Amuah, Ebenezer Ebo, 2023. "Impact of improved water supply on livelihood and health: Emphasis on Doba and Nayagnia, Ghana," Innovation and Green Development, Elsevier, vol. 2(1).
    27. Yang, Hao-Chang & Feng, Gen-Fu & Zhao, Xin Xin & Chang, Chun-Ping, 2022. "The impacts of energy insecurity on green innovation: A multi-country study," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 139-154.
    28. Eyraud, Luc & Clements, Benedict & Wane, Abdoul, 2013. "Green investment: Trends and determinants," Energy Policy, Elsevier, vol. 60(C), pages 852-865.
    29. Nabila Abid & Jianzu Wu & Fayyaz Ahmad & Muhammad Umar Draz & Abbas Ali Chandio & Hui Xu, 2020. "Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan," IJERPH, MDPI, vol. 17(14), pages 1-22, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yin, Hua-Tang & Chang, Chun-Ping & Anugrah, Donni Fajar & Gunadi, Iman, 2023. "Gender equality and central bank independence," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 661-672.
    2. Wen, Jun & Zhang, Sen & Chang, Chun-Ping & Anugrah, Donni Fajar & Affandi, Yoga, 2023. "Does climate vulnerability promote green investment under energy supply restriction?," Energy Economics, Elsevier, vol. 124(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Han, Jixuan & Li, Tianshu & Philbin, Simon P., 2023. "Does low-carbon pilot policy in China improve corporate profitability? The role of innovation and subsidy," Innovation and Green Development, Elsevier, vol. 2(2).
    2. Wen, Jun & Zhang, Sen & Chang, Chun-Ping & Anugrah, Donni Fajar & Affandi, Yoga, 2023. "Does climate vulnerability promote green investment under energy supply restriction?," Energy Economics, Elsevier, vol. 124(C).
    3. Yin, Hua-Tang & Chang, Chun-Ping & Anugrah, Donni Fajar & Gunadi, Iman, 2023. "Gender equality and central bank independence," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 661-672.
    4. Han Long & Gen‐Fu Feng & Qiang Gong & Chun‐Ping Chang, 2023. "ESG performance and green innovation: An investigation based on quantile regression," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 5102-5118, November.
    5. Wang, Jun-Zhuo & Feng, Gen-Fu & Yin, Hua-Tang & Chang, Chun-Ping, 2023. "Toward sustainable development: Does the rising oil price stimulate innovation in climate change mitigation technologies?," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 569-583.
    6. Shunbin Zhong & Huafu Shen & Ziheng Niu & Yang Yu & Lin Pan & Yaojun Fan & Atif Jahanger, 2022. "Moving towards Environmental Sustainability: Can Digital Economy Reduce Environmental Degradation in China?," IJERPH, MDPI, vol. 19(23), pages 1-23, November.
    7. Wei, Jia & Wen, Jun & Wang, Xiao-Yang & Ma, Jie & Chang, Chun-Ping, 2023. "Green innovation, natural extreme events, and energy transition: Evidence from Asia-Pacific economies," Energy Economics, Elsevier, vol. 121(C).
    8. Kai Yuan & Biao Hu & Xinlong Li & Tingyun Niu & Liang Zhang, 2023. "Exploration of Coupling Effects in the Digital Economy and Eco-Economic System Resilience in Urban Areas: Case Study of the Beijing-Tianjin-Hebei Urban Agglomeration," Sustainability, MDPI, vol. 15(9), pages 1-28, April.
    9. Wang, Hai-jie & Tang, Kai, 2023. "Extreme climate, innovative ability and energy efficiency," Energy Economics, Elsevier, vol. 120(C).
    10. Ran, Qiying & Yang, Xiaodong & Yan, Hongchuan & Xu, Yang & Cao, Jianhong, 2023. "Natural resource consumption and industrial green transformation: Does the digital economy matter?," Resources Policy, Elsevier, vol. 81(C).
    11. Guo, Bingnan & Wang, Yu & Zhang, Hao & Liang, Chunyan & Feng, Yu & Hu, Feng, 2023. "Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities," Economic Modelling, Elsevier, vol. 120(C).
    12. Wang, Jianda & Dong, Kangyin & Sha, Yezhou & Yan, Cheng, 2022. "Envisaging the carbon emissions efficiency of digitalization: The case of the internet economy for China," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    13. Han Long & Gen-Fu Feng & Chun-Ping Chang, 2023. "How does ESG performance promote corporate green innovation?," Economic Change and Restructuring, Springer, vol. 56(4), pages 2889-2913, August.
    14. Zhang, Wei & Liu, Xuemeng & Wang, Die & Zhou, Jianping, 2022. "Digital economy and carbon emission performance: Evidence at China's city level," Energy Policy, Elsevier, vol. 165(C).
    15. Lin, Boqiang & Huang, Chenchen, 2023. "How will promoting the digital economy affect electricity intensity?," Energy Policy, Elsevier, vol. 173(C).
    16. Wen, Jun & Zhao, Xinxin & Fu, Qiang & Chang, Chun-Ping, 2023. "The impact of financial risk on green innovation: Global evidence," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    17. Hong Tang & Chaoyue Cai & Chunxiao Xu, 2022. "Does the Digital Economy Improve Urban Tourism Development? An Examination of the Chinese Case," Sustainability, MDPI, vol. 14(23), pages 1-23, November.
    18. Xinfeng Chang & Jian Su & Zihe Yang, 2022. "The Effect of Digital Economy on Urban Green Transformation—An Empirical Study Based on the Yangtze River Delta City Cluster in China," Sustainability, MDPI, vol. 14(21), pages 1-19, October.
    19. Guoteng Xu & Jingwei Zhu & Chengjiang Li & Jingtong Shan, 2023. "Study on the Synergistic Evolutionary Effects of China’s Digital Economy Core Industry and Energy Industry Based on DEA Malmquist Synergistic Development Model and Grey Correlation Analysis," Sustainability, MDPI, vol. 15(13), pages 1-26, June.
    20. Yue Cheng & Dong Zheng, 2023. "Does the Digital Economy Promote Coordinated Urban–Rural Development? Evidence from China," Sustainability, MDPI, vol. 15(6), pages 1-20, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ingrde:v:2:y:2023:i:3:s2949753123000218. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/innovation-and-green-development .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.