IDEAS home Printed from https://ideas.repec.org/a/eee/reveco/v99y2025ics1059056025001674.html
   My bibliography  Save this article

Green credit, tourism technology innovation, and sustainable development of tourism

Author

Listed:
  • Sun, Jingyu
  • Chen, Dan

Abstract

The research employs datasets spanning from 2010 to 2022, encompassing 31 provinces in China, to assess how green credit and technological innovations in tourism influence the sustained growth of the tourism sector. The main findings include: green credit significantly promotes the sustainable development of the tourism industry; tourism technological innovation similarly exerts a noticeable driving force on the sustainable development of the tourism industry; tourism technological innovation mediates green credit's promotion of tourism sustainability, and green credit's impact varies across Chinese regions; the impact of green credit on the sustainable development of the tourism industry is influenced by the threshold effect of regional economic levels.

Suggested Citation

  • Sun, Jingyu & Chen, Dan, 2025. "Green credit, tourism technology innovation, and sustainable development of tourism," International Review of Economics & Finance, Elsevier, vol. 99(C).
    • Handle: RePEc:eee:reveco:v:99:y:2025:i:c:s1059056025001674
    DOI: 10.1016/j.iref.2025.104004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1059056025001674
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.iref.2025.104004?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

    for a different version of it.

    References listed on IDEAS

    as
    1. Shang, Yunfeng & Zhu, Lingrou & Qian, Fangbin & Xie, Yani, 2023. "Role of green finance in renewable energy development in the tourism sector," Renewable Energy, Elsevier, vol. 206(C), pages 890-896.
    2. Li, Jianping & Li, Jingyu & Zhu, Xiaoqian & Yao, Yinhong & Casu, Barbara, 2020. "Risk spillovers between FinTech and traditional financial institutions: Evidence from the U.S," International Review of Financial Analysis, Elsevier, vol. 71(C).
    3. Wang, Congcong & Wang, Chong & Long, Huaigang & Zaremba, Adam & Zhou, Wenyu, 2024. "Green bond credit spreads and bank loans in China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    4. Xu, Guoquan & Lu, Nuotian & Tong, Yan, 2022. "Greenwashing and credit spread: Evidence from the Chinese green bond market," Finance Research Letters, Elsevier, vol. 48(C).
    5. Hunjra, Ahmed Imran & Azam, Muhammad & Bruna, Maria Giuseppina & Taskin, Dilvin, 2022. "Role of financial development for sustainable economic development in low middle income countries," Finance Research Letters, Elsevier, vol. 47(PB).
    6. Qi, Haozhi & Huang, Xucheng & Sheeraz, Muhammad, 2023. "Green financing for renewable energy development: Driving the attainment of zero-emission targets," Renewable Energy, Elsevier, vol. 213(C), pages 30-37.
    7. Xiang, Xiaojian & Liu, Chuanjiang & Yang, Mian, 2022. "Who is financing corporate green innovation?," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 321-337.
    8. Zheng, Chen & Zhang, Junru, 2021. "The impact of COVID-19 on the efficiency of microfinance institutions," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 407-423.
    9. Hailiang, Zeng & Chau, Ka Yin & Waqas, Muhammad, 2023. "Does green finance and renewable energy promote tourism for sustainable development: Empirical evidence from China," Renewable Energy, Elsevier, vol. 207(C), pages 660-671.
    10. Paramati, Sudharshan Reddy & Mo, Di & Huang, Ruixian, 2021. "The role of financial deepening and green technology on carbon emissions: Evidence from major OECD economies," Finance Research Letters, Elsevier, vol. 41(C).
    11. Shixian Ling & Guosheng Han & Dong An & William Cannon Hunter & Hui Li, 2020. "The Impact of Green Credit Policy on Technological Innovation of Firms in Pollution-Intensive Industries: Evidence from China," Sustainability, MDPI, vol. 12(11), pages 1-16, June.
    12. Mohsin, Muhammad & Taghizadeh-Hesary, Farhad & Panthamit, Nisit & Anwar, Saba & Abbas, Qaiser & Vo, Xuan Vinh, 2021. "Developing Low Carbon Finance Index: Evidence From Developed and Developing Economies," Finance Research Letters, Elsevier, vol. 43(C).
    13. Le, Thai-Ha & Le, Ha-Chi & Taghizadeh-Hesary, Farhad, 2020. "Does financial inclusion impact CO2 emissions? Evidence from Asia," Finance Research Letters, Elsevier, vol. 34(C).
    14. Xing, Chao & Zhang, Yuming & Tripe, David, 2021. "Green credit policy and corporate access to bank loans in China: The role of environmental disclosure and green innovation," International Review of Financial Analysis, Elsevier, vol. 77(C).
    15. Pietrovito, Filomena & Rancan, Michela, 2024. "Credit rationing and sustainable activities: A firm-level investigation," International Review of Economics & Finance, Elsevier, vol. 94(C).
    16. Wen, Huwei & Zhong, Qiming & Lee, Chien-Chiang, 2022. "Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies," International Review of Financial Analysis, Elsevier, vol. 82(C).
    17. Zhang, Dongyang, 2021. "Green credit regulation, induced R&D and green productivity: Revisiting the Porter Hypothesis," International Review of Financial Analysis, Elsevier, vol. 75(C).
    Full references (including those not matched with items on IDEAS)

    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. Wang, Yanpeng & Cui, Lianbiao & Zhou, Jie, 2025. "The impact of green finance and digital economy on regional carbon emission reduction," International Review of Economics & Finance, Elsevier, vol. 97(C).
    2. Li, Fan, 2025. "Pledge of controlling shareholder's equity, digital transformation, and green innovation," Finance Research Letters, Elsevier, vol. 76(C).
    3. Ji, Heli & Yu, Zhihai & Tian, Grace (Li) & Wang, David (Han) & Wen, Yue, 2025. "Market competition, environmental, social and corporate governance investment, and enterprise green innovation performance," Finance Research Letters, Elsevier, vol. 77(C).
    4. Chen, Fuyong & Zeng, Xiao & Guo, Xiang, 2024. "Green finance, climate change, and green innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 63(C).
    5. Qiao, Nan & Xu, Bohan, 2025. "Green credit policy, media pressure, and corporate green innovation," International Review of Economics & Finance, Elsevier, vol. 98(C).
    6. Li, Yuantian & Xu, Haoyu & Li, Huiru & Xu, Yingming, 2025. "Environmental regulation, opening up to the outside world, and regional green industry development: Policy effects and optimization strategies," Finance Research Letters, Elsevier, vol. 75(C).
    7. Li, Yuantian & Xu, Haoyu & Li, Huiru & Xu, Yingming, 2025. "Digital economy, environmental regulations, and green economic development," Finance Research Letters, Elsevier, vol. 75(C).
    8. Wang, Xueting & Qiu, Pinyue, 2025. "Relationship among environmental regulation costs, corporate accounting policies, and green innovation efficiency," Finance Research Letters, Elsevier, vol. 77(C).
    9. Wang, Hongyan & Cheng, Jiandong & Zhou, Hang, 2025. "Tax administration informatization, financial tightened regulation, and firm productivity: A quasi-natural experiment based on the "Golden Tax Phase III project"," International Review of Economics & Finance, Elsevier, vol. 98(C).
    10. Zhang, Xiaotian & Li, Yani, 2025. "Impacts of aging and social security expenditure on regional green innovation," Finance Research Letters, Elsevier, vol. 78(C).
    11. Wang, Danting & Sun, Yemeng, 2025. "Impact of green finance incentive policies on China's carbon neutrality capability: An evaluation based on the difference-in-differences model," Finance Research Letters, Elsevier, vol. 77(C).
    12. Li, Hemei & Liu, Zhenya & Hachard, Virginie, 2024. "Digital transformation driving green innovation: Evidence from Chinese A-Share firms," International Review of Economics & Finance, Elsevier, vol. 95(C).
    13. Zhu, Ruikun & Xu, Qi & Xiqiang, Xia & Sibt-e-Ali, Muhammad & Waqas, Muhammad & Ullah, Irfan & Anwar, Ahsan, 2024. "Role of resources rent, research and development, and information and communication technologies on CO2 emissions in BRICS economies," Resources Policy, Elsevier, vol. 93(C).
    14. An, Duo & Zheng, Yinglong & Wang, Baomin, 2025. "Corporate social responsibility, board independence, and corporate litigation," Finance Research Letters, Elsevier, vol. 76(C).
    15. Bai, Rui & Lin, Boqiang, 2023. "Nexus between green finance development and green technological innovation: A potential way to achieve the renewable energy transition," Renewable Energy, Elsevier, vol. 218(C).
    16. Huang, Huasheng & Xu, Xiaoli & Du, Shilin, 2025. "Can financial innovation and industrial structure upgrading reduce regional criminal activity levels?," Finance Research Letters, Elsevier, vol. 75(C).
    17. Ahmad, Ejaz & Khan, Dilawar & Anser, Muhammad Khalid & Nassani, Abdelmohsen A. & Hassan, Syeda Anam & Zaman, Khalid, 2024. "The influence of grid connectivity, electricity pricing, policy-driven power incentives, and carbon emissions on renewable energy adoption: Exploring key factors," Renewable Energy, Elsevier, vol. 232(C).
    18. Li, Yunxian & Li, Fen, 2025. "Digital economy, the income gap, and regional crime rates in China," Finance Research Letters, Elsevier, vol. 75(C).
    19. Luo, Zhenxiang & Zhou, Xiaolin, 2025. "Environmental courts, environmental investment, and corporate carbon emissions," Finance Research Letters, Elsevier, vol. 75(C).
    20. Wang, Yangyang & Zhou, Liangxiao & Li, Tianqun & Feng, Chunyang, 2025. "The impact mechanism of industrial transformation and upgrading on the urban-rural income gap: An analysis based on the threshold effect of digital inclusive finance development," Finance Research Letters, Elsevier, vol. 77(C).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:reveco:v:99:y:2025:i:c:s1059056025001674. 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: http://www.elsevier.com/locate/inca/620165 .

    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.