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The mechanism of green finance and green innovation on carbon productivity and its regional heterogeneity

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  • Mengxue Fan

Abstract

To examine the impact of green finance (GF) and green innovation (GI) on carbon productivity (CP) and its regional variations, a theoretical model was developed and subsequently subjected to a geographical Durbin model analysis. The outcomes of the empirical analysis indicated that both GF and GI significantly enhance CP, and there is a synergistic effect between them. However, their effects are heterogeneous in different regions, with developed regions having significant enhancement effects due to their good economic foundation, high technological level, and abundant financial resources, while less developed regions have relatively weaker enhancement effects due to their lack of financial resources and weak technological foundation.

Suggested Citation

  • Mengxue Fan, 2025. "The mechanism of green finance and green innovation on carbon productivity and its regional heterogeneity," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 20, pages 1924-1935.
    • Handle: RePEc:oup:ijlctc:v:20:y:2025:i::p:1924-1935.
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    File URL: http://hdl.handle.net/10.1093/ijlct/ctaf127
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