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

Modified CPT-TODIM method for evaluating the development level of digital inclusive finance under probabilistic hesitant fuzzy environment

“…In the last fifteen years, along with the rapid development and universal application of digital technology, the digital inclusive finance model has started to gain wider and wider recognition [71,72]. Digital inclusive finance is to empower traditional inclusive finance through digital technology to help solve the problems encountered in the "last mile" of financial services, so as to significantly reduce the threshold and cost of financial services, improve the efficiency of financial services, and improve the experience of financial services, thus helping traditional inclusive finance break through the bottleneck of development and solve the problems of accessibility, affordability, comprehensiveness, and commercialization [71][72][73]. In this way, it can help traditional inclusive finance break through the development bottleneck, address the endogenous requirements of accessibility, affordability, comprehensiveness and commercial sustainability, and accelerate the development process of inclusive finance.…”

Low-carbon governance, fiscal decentralization, and enterprise green development: Evidence from China

“…Labor intensity can reflect both the sensitivity of enterprises to labor and the dependence on technology, equipment, and resources, which in turn directly affect the green innovation development of enterprises [ 98 ]. Song J (2022) and Wang M (2021) both found that different degrees of labor intensity have a moderating effect on green development [ 99 , 100 ]. For enterprises with different levels of labor intensity, the effect of low-carbon governance on enterprise carbon emissions and green development may differ.…”

Has Digital Financial Inclusion Narrowed the Urban–Rural Income Gap? A Study of the Spatial Influence Mechanism Based on Data from China

“…The main feature of digital financial inclusion is that it replaces traditional payment with mobile payment, traditional deposit and loan with P2P credit, and traditional securities business with crowdfunding financing, which helps alleviate financial exclusion in rural areas [25][26][27][28][29]. First of all, digital financial inclusion can accurately identify and match scattered and small-scale customers through digital technologies, such as the Internet, artificial intelligence, and big data analysis.…”