绿色信贷、数字化渗透与绿色全要素生产率

Green Credit,Digital Penetration,and Green Total Factor Productivity

绿色金融是推动经济绿色低碳发展的重要动力源。基于2004—2020年我国内地30个省份的面板数据,运用双向固定效应模型实证研究绿色信贷对绿色全要素生产率的影响效应,结果发现:绿色信贷对绿色全要素生产率具有显著提升作用,且主要体现在绿色效率改变方面;异质性分析表明,在市场发达地区以及低碳试点地区,绿色信贷提升作用更为显著;调节效应分析显示,数字基础设施、数字技术和数字产业化对绿色信贷提升绿色全要素生产率存在助推作用。研究结论为大力发展绿色金融、促进绿色信贷与数字化深度融合进而实现经济绿色低碳发展提供了经验证据和决策参考。

Green finance is an important driving force for promoting green and low-carbon economic development.Based on panel data from 30 provinces in China's Mainland from 2004 to 2020,a bidirectional fixed effects model is used to empirically study the impact of green credit on regional green total factor productivity.The results show that green credit has a significant improvement effect on regional green total factor productivity,mainly reflected in changes in green efficiency;Heterogeneity analysis shows that in developed markets and low-carbon pilot areas,the improvement effect of green credit is more significant;The analysis of regulatory effects shows that digital infrastructure,digital technology,and digital industrialization have a boosting effect on improving the green total factor productivity of regions through green credit.The research conclusion provides empirical evidence and decision-making reference for vigorously developing green finance,promoting the deep integration of green credit and digitalization,and achieving green and low-carbon economic development.