Influential Effect and Mechanism of Digital Finance on Urban Land Use Efficiency in China

Qiu, Haiyang; Li, Xin; Zhang, Long

doi:10.3390/su152014726

Cited by 4 publications

(1 citation statement)

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“…Firstly, relying on the advantage of the low marginal cost of modern information technology, digital finance can amplify the scale effect of data elements, break the market barriers and spatial limitations, realize the efficient flow of information, guarantee the mobility and rate of return of factors of production, such as labor, capital, data, etc., optimize the distribution of factors of production among different industries, realize the updating of traditional industries, and make the urban industrial structure more reasonable. Secondly, the universality and convenience of digital finance can more accurately allocate capital factors and services to industries (such as hightech industries) with low production costs, high productivity, low pollution outputs, and assistance with the growth of the technology sector, and this kind of enterprise also meets the preference of land investors, attracts land investors to invest in the land of this kind of industry, and creates a benign cycle of high-tech industry development, acknowledging the growth of urban improvement and refinement of the industrial framework [39]. By directing the rehabilitation of traditional sectors and supporting the expansion of high-tech firms, the use of technological financing may enable the improvement and automation of the city's economic framework, inhibit the emission reduction of pollutants and reduce the pollution of land elements, thus enhancing the output benefits of the city's overall green land use and reducing the negative impacts brought by non-desired outputs.…”

Section: Influencing the Effectiveness Of Green Urban Area Use: A The...mentioning

confidence: 99%

The Impact of Digital Finance on the Green Utilization Efficiency of Urban Land: Evidence from 281 Cities in China

Zhang,

Sun

2024

Sustainability

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In the era of digital economy, digital finance, as an innovative financial model, plays an important role in driving urban industrial transformation and development, technological innovation, industrial upgrading and sustainable utilization of energy, and has a significant impact on sustainable urban development. At present, in the process of building a new pattern of Chinese-style modernization in China, it is of great significance to improve the green use efficiency of urban land through digital finance and realize the sustainable use of land resources and the sustainable development of the city. The current study employed 281 Chinese cities from 2010 to 2020 as research samples to investigate the effects of technological financing on the productivity of city land green usage. Based on the ideas of responsible growth and efficient urban development, an assessment index system was developed. Comprehensive empirical tests, such as the Super-SBM model, fixed effect model, and mediation effect model, were implemented in the research. The study’s findings indicate that: (1) Throughout the research period, the benchmark model’s regression outcomes demonstrate that digital banking impacts urban land’s green development efficiency, with positive moderating effects offered by environmental legislation; the optimization of industrial structure has not yet played a positive regulating effect. (2) Urban area green usage performance is more clearly impacted by the extent of use and the degree of digitization, according to the regression results of digital financing heterogeneity. The positive effect of online financial services on a city’s green use efficiency occurs mainly in eastern cities and southern cities, given the results of urban development level difference. In light of resource endowment unpredictability, “non-resource cities” stand to gain more from global finance’s encouragement of resource-efficient urban land use than do “resource cities”. The results of the mechanism test indicate that there is a strong mediating influence from digital finance, city land environmental use productivity, and green technological breakthroughs. In consideration of these results, the following measures are suggested in this paper: (1) Persist in advocating for the transformation of traditional finance into online financing. (2) Intensify the impact of significant variables on the environmentally friendly use of urban areas. (3) Encourage technology creativity and execution through the application of technological economics.

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Section: Influencing the Effectiveness Of Green Urban Area Use: A The...mentioning

confidence: 99%

The Impact of Digital Finance on the Green Utilization Efficiency of Urban Land: Evidence from 281 Cities in China

Zhang,

Sun

2024

Sustainability

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Impact of digital economy on urban land green use efficiency: evidence from Chinese cities

Wen,

2024

Environ. Res. Commun.

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Improving urban land green use efficiency (ULGUE) is essential for achieving the sustainable use of land resources and the high-quality economic development of cities. The digital economy has overcome spatial and locational constraints, blurred the boundaries between industries, and created a collaborative and open economic model, inevitably affecting urban land utilization. However, whether the digital economy will affect ULGUE and how such an effect would take place are still unclear. This study evaluates the digital economy and ULGUE of Chinese cities from 2011 to 2019 and systematically analyzes both the direct and indirect impact mechanisms through which the digital economy affects ULGUE. The results show that the digital economy can significantly enhance ULGUE, and these results prove to be reliable, as shown by various endogeneity treatments and robustness tests. The digital economy enhances ULGUE by optimizing the industrial structure (structural effect), increasing green technology innovation (technical effect), and agglomerating digital talent (scale effect). Moreover, land finance dependency plays an adverse moderating role in the relationship between the digital economy and ULGUE. Further heterogeneity analysis shows that the promoting effect of the digital economy on ULGUE takes full effect in the eastern cities, larger cities, and cities with high levels of digital economy development and land marketization. This paper presents recommendations for supporting the balanced and integrated development of the digital economy across regions and provides differentiated development strategies to enhance ULGUE in the context of digitization.

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Digital Economy and Green and Low-Carbon Transformation of Land Use: Spatial Effects and Moderating Mechanisms

Ai,

Li,

Zhang

et al. 2024

Land

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The green and low-carbon transformation of land use (GLTLU) is a pressing global issue that requires urgent attention. The digital economy has emerged as a new driver for the GLTLU. However, current research mainly focuses on the measurement and environmental effects of the digital economy, with less exploration of how the digital economy influences the spatial effects and regulatory mechanisms of GLTLU, particularly regarding the differential impacts and specific mechanisms at the regional level. This study uses panel data from 283 cities in China from 2011 to 2019, employing the spatial Durbin model (SDM) and the panel threshold model to examine the spatial and regulatory mechanisms of the digital economy’s impact on GLTLU. The findings reveal that digital economy promotes GLTLU not only within cities but also in surrounding regions. Robustness analyses support this conclusion. Notably, the digital economy’s positive impact on GLTLU in surrounding areas is confined to the central region of China. In contrast, the Yangtze River Delta urban agglomeration experiences a significant negative impact on GLTLU in nearby regions due to the digital economy. The study also identifies that the positive spatial spillover effect of the digital economy on GLTLU reaches its peak at a distance of 450 km. Additionally, the digital economy’s ability to promote GLTLU is contingent upon financial agglomeration levels exceeding 9.1728. Moreover, the local government’s emphasis on the digital economy and intellectual property protection enhances the digital economy’s impact on GLTLU. The promotion effect is maximized when these factors surpass the thresholds of 27.8054 and 3.5189, respectively. Overall, this study contributes to the understanding of how the digital economy influences sustainable land development, highlighting the critical role of regional factors and regulatory mechanisms in amplifying the digital economy’s positive effects on GLTLU.

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Influential Effect and Mechanism of Digital Finance on Urban Land Use Efficiency in China

Cited by 4 publications

References 81 publications

The Impact of Digital Finance on the Green Utilization Efficiency of Urban Land: Evidence from 281 Cities in China

The Impact of Digital Finance on the Green Utilization Efficiency of Urban Land: Evidence from 281 Cities in China

Impact of digital economy on urban land green use efficiency: evidence from Chinese cities

Digital Economy and Green and Low-Carbon Transformation of Land Use: Spatial Effects and Moderating Mechanisms

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