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Digital Inclusive Finance, Human Capital and Inclusive Green Development—Evidence from China

Author

Listed:
  • Junru Song

    (Institute of Statistics and Big Data, Renmin University of China, Beijing 100872, China)

  • Hongcan Zhou

    (School of Science, Hong Kong University, Hong Kong 999077, China)

  • Yanchen Gao

    (Department of Economics, Dalhousie University, Halifax, NS B3H 4R2, Canada)

  • Yongpan Guan

    (School of Statistics and Mathematics, Central University of Finance and Economics, Beijing 102206, China)

Abstract

To analyze the impact of digital inclusive finance and human capital on inclusive green economic development in China, we build a comprehensive indicator system to measure the level of inclusive green development and use the super-efficiency SBM method to measure the inclusive green total factor productivity (IGTFP) in Chinese cities, then the system GMM model is used to empirically test the direct and interactive influences. Inclusive green development in China has maintained a growing trend in recent years, reaching a peak in 2017. The development of digital inclusive finance in terms of breadth, depth and degree of digitization is conducive to promoting inclusive green development. Although human capital does not directly affect inclusive green development, it plays a significantly positive moderating role in the process of digital inclusive finance promoting inclusive green development. In this paper, the impact of digital inclusive financial and human capital and their interactions on inclusive green development is analyzed within a unified framework, which has important practical significance for the orderly promotion of the development of digital inclusive finance, improving residents’ education level and promoting inclusive green development.

Suggested Citation

  • Junru Song & Hongcan Zhou & Yanchen Gao & Yongpan Guan, 2022. "Digital Inclusive Finance, Human Capital and Inclusive Green Development—Evidence from China," Sustainability, MDPI, vol. 14(16), pages 1-15, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:16:p:9922-:d:885553
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    References listed on IDEAS

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    Cited by:

    1. Ying Liu & Haoran Zhao & Jieguang Sun & Yahui Tang, 2022. "Digital Inclusive Finance and Family Wealth: Evidence from LightGBM Approach," Sustainability, MDPI, vol. 14(22), pages 1-19, November.
    2. Qin Lu & Zongyi Zhang, 2022. "Do Financial Support Policies Catalyse the Development of New Consumption Field?—Evidence from China’s New Consumer Enterprises," Sustainability, MDPI, vol. 14(20), pages 1-23, October.
    3. Jiawen Zhang & Zhenhua Xu & Fuyi Ci, 2023. "Spatio–Temporal Evolutionary Features and Drivers of Green Competitiveness of Cities Surrounding the Yellow River," Sustainability, MDPI, vol. 15(19), pages 1-24, September.
    4. Pengju Liu & Yitong Zhang & Shengqi Zhou, 2023. "Has Digital Financial Inclusion Narrowed the Urban–Rural Income Gap? A Study of the Spatial Influence Mechanism Based on Data from China," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    5. Donghong Wu & Yiren Chen, 2023. "Digital Inclusive Finance Development and Labor Productivity: Based on a Capital-Deepening Perspective," Sustainability, MDPI, vol. 15(12), pages 1-17, June.

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