Bakry Walid, Nghiem Xuan-Hoa, Bhatti Muhammad Ishaq, Al-Mohamad Somar, Cui Lianbiao
School of Business, Western Sydney University, NSW, Australia.
International School, Vietnam National University, Hanoi, Vietnam.
Sci Prog. 2024 Jul-Sep;107(3):368504241278823. doi: 10.1177/00368504241278823.
This paper investigates the role of digital finance in promoting environmental sustainability within a group of 52 developing economies from 2010 to 2019. Specifically, it examines whether digital finance effectively contributes reducing CO emissions in these nations.
This paper is a quantitative study which employs the IV-GMM (instrumental variable generalized methods of moment) approach that tackles any potential endogeneity. Furthermore, to ensure robustness of results, this paper also utilizes different measures of financial development.
Estimation results from this study reveal the presence of inverted U-shaped relationship between digital finance and CO emissions. This suggests that the beneficial effects of digital finance may take time to materialize. Additionally, this research also records the presence of the Environmental Kuznets Curve and a significant impact of renewable energy, trade openness, financial development, urbanization, and population on CO emissions.
It can be concluded that it may take time for digital finance to become beneficial to the environment. Therefore, in addition to digital finance, countries should also adopt other measures simultaneously (use of renewable energy, combination between digital finance and financial development).
本文研究了2010年至2019年期间数字金融在52个发展中经济体促进环境可持续性方面的作用。具体而言，研究了数字金融是否有效地促进了这些国家二氧化碳排放量的减少。
本文是一项定量研究，采用了IV-GMM（工具变量广义矩方法）来解决任何潜在的内生性问题。此外，为确保结果的稳健性，本文还使用了不同的金融发展衡量指标。
本研究的估计结果显示，数字金融与二氧化碳排放之间存在倒U型关系。这表明数字金融的有益影响可能需要时间才能显现。此外，本研究还记录了环境库兹涅茨曲线的存在，以及可再生能源、贸易开放度、金融发展、城市化和人口对二氧化碳排放的显著影响。
可以得出结论，数字金融可能需要时间才能对环境产生有益影响。因此，除了数字金融之外，各国还应同时采取其他措施（使用可再生能源、数字金融与金融发展相结合）。
