数字普惠金融是否提升了绿色发展的包容性:资金融通和技术创新视角

Does Digital Inclusive Finance Improve the Inclusiveness of Green Development?Financial Integration and Technological Innovation Perspective

绿色发展是否具有包容性对于缩小地区收入差距和实现共同富裕至关重要,如何有效利用金融体系变革契机来提升包容性绿色发展水平成为新时代助力高质量发展的关键环节。本文从资金融通和技术创新视角研究数字普惠金融对包容性绿色发展水平提升的影响效应。研究结果表明,数字普惠金融显著提高了绿色发展的包容性;且这一效应在数字普惠金融水平较高区域以及“2013年余额宝开张”和“2014年数字金融首次出现在政府工作报告”以后更加显著。机制分析表明,数字普惠金融可通过缓解融资约束偏向效应和激发技术创新双向效应来实现包容性绿色发展。进一步分析发现,伴随着地区企业特征差异和群体特征差异的变化,数字普惠金融影响包容性绿色发展的效应呈动态变迁特征。本文研究意味着,金融体系变革能够实现绿色发展与减贫“双赢”的目标,不仅对绿色发展理论和收入差距理论的学术文献进行了有益拓展,而且为深化高质量发展的认知和实现路径提供了有益思考。

Whether green development is inclusive is crucial to narrow the income gap between regions and achieve common prosperity.Effective use of the opportunity of financial system reform to enhance inclusive green development has become a key link to promote high-quality development in the new era.This paper studies the impact of digital inclusive finance on the promotion of inclusive green development from the perspectives of financial integration and technological innovation.The results show that digital inclusive finance improves the level of inclusive green development in the region;and this effect is more significant in areas with high level of digital inclusive finance and after“Yu'e Bao opened in 2013”and“Digital finance first appeared in government work report in 2014”.Mechanism analysis shows that digital inclusive finance can achieve inclusive green development by alleviating the bias effect of financing constraints and stimulating the two-way effect of technological innovation.Further analysis shows that the effect of digital inclusive finance on inclusive green development is dynamic with the change of regional enterprise characteristics and group characteristics.The result of the study shows that financial system reform can achieve the goal of“win-win”between green development and poverty reduction.The study not only extends the scope of the study of green development theory and income gap theory,but also provides useful thought for the cognition and realization path of high-quality development.