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Green credit and regional tourism industry development: An analysis based on heterogeneity and moderating effects

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  • Zeng, Chao
  • Xu, Bo

Abstract

Leveraging a panel dataset encompassing 31 administrative regions in China spanning 2010-2023, this study systematically examines the dynamic relationship mechanism between green credit and regional tourism industry development (TID). Empirical findings from quantitative modeling demonstrate a statistically robust and positive causal relationship between green credit and TID. Human capital level plays an important moderating role in the process by which green credit influences TID, and this moderating effect demonstrates notable spatial heterogeneity. Furthermore, the impact of green credit on the TID varies significantly across different regions.

Suggested Citation

  • Zeng, Chao & Xu, Bo, 2025. "Green credit and regional tourism industry development: An analysis based on heterogeneity and moderating effects," Finance Research Letters, Elsevier, vol. 85(PD).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pd:s1544612325013789
    DOI: 10.1016/j.frl.2025.108123
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