Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2125889
Digital trade and environmental sustainability: the role of financial development and ecological innovation for a greener revolution in China
Haoliang Fu
Pengyu Huang
Yang Xu
Zhukai Zhang
Sažetak
China’s government has pledged to attain net-zero emissions by
2050 and aims to create the world’s most resilient and forward-looking
border by 2025. It has outlined a high-level vision for digital
trade and a freeport plan and guarantees to implement new free
trade agreements, develop infrastructure, and equalise the economy.
Therefore, this study explores the dynamic impact of digital
trade and financial development on ecological sustainability from
2000-Q1 to 2020-Q4. We apply the Bootstrap ARDL model for empirical
analysis and found that digital trade in goods and services,
financial development, and green innovation are conducive to longterm
environmental sustainability. Similar results are also observed
in the short run; however, the influence of short-run parameters is
relatively lower. Moreover, the error correction term endorses convergence
towards stable equilibrium with a 32.7% quarterly adjustment
rate. Granger causality test report uni-direction casualty in all
variables, except green innovation and carbon emissions. These
findings recommend an inclusive policy for promoting digital trade,
financial integration, and green innovation in China.
Ključne riječi
Digital trade; ecological innovation; environmental sustainability; financial development
Hrčak ID:
306670
URI
Datum izdavanja:
30.4.2023.
Posjeta: 278 *