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The impact of digital industrialization on the level of green development

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  • Li, Zirong
  • Wu, Linbing
  • Li, Jingbo
  • Zhang, Yanxue

Abstract

The construction of digital industrialization serves as a solid foundation for advancing the development of a manufacturing power, a cyber power, and a digital China, and it is also a crucial support for promoting the transformation and upgrading of industries towards digitization, intellectualization, greening, and servitization. Based on provincial panel data from 31 provinces spanning 2008–2022, this paper empirically examines the impact of digital industrialization on the level of green development and its underlying mechanisms. The findings reveal that Digital Industrialization has a significant role in promoting the level of green development, and this conclusion is still true after multiple robustness tests. Mechanism analysis finds that digital industrialization has the dual dimension promotion effect of financial decentralization and advanced industrial structure promotion, that is, digital industrialization promotes the upgrading of industrial structure through technological innovation to enhance enterprise productivity and market competitiveness, and then promote the level of green development; Furthermore, digital industrialization facilitates the improvement of financial decentralization efficiency, enabling technological innovation to enhance green development and achieve energy conservation, emission reduction, and environmental pollution reduction. The heterogeneity analysis finds that digital industrialization can promote green development by enhancing technological and financial development levels, contributing to the achievement of carbon peaking and carbon neutrality goals.

Suggested Citation

  • Li, Zirong & Wu, Linbing & Li, Jingbo & Zhang, Yanxue, 2025. "The impact of digital industrialization on the level of green development," International Review of Economics & Finance, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:reveco:v:101:y:2025:i:c:s1059056025003569
    DOI: 10.1016/j.iref.2025.104193
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    References listed on IDEAS

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    1. Rudra P. Pradhan & Mak B. Arvin & Mahendhiran Nair & Sara E. Bennett, 2020. "Sustainable economic growth in the European Union: The role of ICT, venture capital, and innovation," Review of Financial Economics, John Wiley & Sons, vol. 38(1), pages 34-62, January.
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    1. Dai, Jiapeng & Phan Ah Kiaw, Jasmine & Yap Tat Hiung, Eddy, 2025. "Is some uncertainty better than none? Nonlinear relationships between climate policy uncertainty and corporate green performance," International Review of Economics & Finance, Elsevier, vol. 102(C).

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    Keywords

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    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G00 - Financial Economics - - General - - - General

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