Original scientific paper
https://doi.org/10.1080/1331677X.2023.2263535
The impact of digital finance on energy total factor productivity
Yanling Li
Mengxin Wang
Gaoke Liao
Ran Gu
Abstract
In the context of modern scientific and technological revolution
and industrial transformation, the development of digital finance
is conducive to improving the ecological environment and the
energy total factor productivity (TFP). In this paper, DEA cross-efficiency
model is used to measure the energy TFP, and moment
estimation method is used to empirically test the influence and
heterogeneity of digital finance on energy TFP, and then the
intermediary model is constructed to study and analyze the influence
mechanism based on the sample data of 30 provinces in
the Chinese Mainland from 2011 to 2018. The following research
findings are obtained. First, the development of digital finance
has played a significant role in improving energy TFP. Second,
spatial heterogeneity exists in the process of digital finance affecting
energy TFP improvement, that is, digital finance has a more
obvious improvement effect on the energy TFP in central and
western China than in eastern China. Third, digital finance can
affect energy TFP through technological innovation; that is, the
improvement of regional technological innovation is an important
transmission mechanism for digital finance to affect energy TFP.
Keywords
Digital finance; energy total factor productivity; technological progress; mediating effect
Hrčak ID:
315154
URI
Publication date:
30.10.2023.
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