Research Center for Economy of Upper Reaches of the Yangtze River, Chongqing Technology and Business University, Chongqing, 400067, China.
School of Economics, Yunnan University, Kunming, 650091, China.
Environ Sci Pollut Res Int. 2024 Feb;31(6):9218-9236. doi: 10.1007/s11356-023-31431-6. Epub 2024 Jan 8.
From the emergence of the new coronavirus pandemic to extreme climatic catastrophes, the development and enhancement of urban ecological resilience has evolved into a critical and strategic imperative. Investigating the capacity of digital finance to promote urban ecological resilience bears substantial relevance to the sustainable advancement of urban centers. This study examines the influence of digital finance on urban ecological resilience by applying a benchmark regression model on data from 107 prefecture-level cities within the Yangtze River Economic Belt across 2011-2020. Additionally, this study delves into its mechanism and spatial spillover impacts via a mediating effect model and a spatial effect model. The findings revealed that (1) digital finance strengthens the ecological resilience of the locale and beneficially impacts the surrounding regions; (2) digital finance enhances urban ecological resilience by fostering technological innovation and reducing energy intensity; and (3) in the lower reaches of the Yangtze River, digital finance plays a greater role in improving urban ecological resilience. Cities with high level of traditional financial development, high level of economic development and high intensity of environmental regulation have a more obvious role in promoting urban ecological resilience. Within the paradigm of ecological civilization, it is advisable for governmental bodies to fortify inter-regional digital financial collaboration, refine the green financial infrastructure, and advocate for sustainable, low-carbon, high-quality urban development.
从新冠疫情的爆发到极端气候灾害，城市生态弹性的发展和增强已经成为一项关键且具有战略意义的任务。研究数字金融对城市生态弹性的促进作用，对于城市中心的可持续发展具有重要意义。本研究通过基准回归模型，利用 2011-2020 年长江经济带 107 个地级市的数据，考察了数字金融对城市生态弹性的影响。此外，本研究还通过中介效应模型和空间效应模型探讨了其机制和空间溢出效应。研究结果表明：（1）数字金融增强了当地的生态弹性，并对周边地区产生了积极影响；（2）数字金融通过促进技术创新和降低能源强度来提高城市生态弹性；（3）在长江下游地区，数字金融在提高城市生态弹性方面发挥了更大的作用。传统金融发展水平高、经济发展水平高、环境监管强度大的城市，在促进城市生态弹性方面的作用更为明显。在生态文明范式下，政府应该加强区域间数字金融合作，完善绿色金融基础设施，倡导可持续、低碳、高质量的城市发展。
