Does the digital finance revolution validate the Environmental Kuznets Curve? Empirical findings from China.

ABSTRACT: In recent years, digital finance has become a crucial part of the financial system and reshaped the mode of green finance in China. Digital finance has brought certain impact on economic growth, industrial structure, and resident income, which may affect pollution. The nexus of digital finance and environment in China is thus worth exploring. By revising the traditional Environmental Kuznets Curve model with income inequality variable, this paper decomposes the environmental effects of economic activities into income growth effect, industrial structure effect and income inequality effect, and use panel data of China's provinces to conduct an empirical analysis. The results reveal the following: (1) the Environmental Kuznets Curve is still valid in sample, and digital finance can reduce air

SUBMITTER: Zhong K 

PROVIDER: S-EPMC8758091 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature