A step toward reducing air pollution in top Asian economies: The role of green energy, eco-innovation, and environmental taxes

Although green growth has become the economic development strategy of many countries in the world, and studies have analyzed the influencing factors of green growth from multiple angles, there are few literatures devoted to the impact of fintech and green finance on green growth. From the perspective of fintech development, this paper tries to construct a comprehensive index to evaluate the green growth of regional economy based on the in-depth analysis of the influence mechanism of green finance on green growth. At the same time, China's provincial panel data from 2011 to 2018 are selected to test the impact of fintech innovation and green finance on green growth, and its mechanism. It turns out that fintech and green finance significantly promotes green economic growth. At the same time, the impact of fintech and green finance on green growth has obvious regional heterogeneity, that is, the impact in eastern China is significantly stronger than that in central and western China. Further research shows that fintech innovation mainly promotes green economic growth through green credit and green investment. Therefore, fintech innovation can promote green economic growth by improving the development level of green finance, which has great reference significance for most countries. 

The impact of fintech innovation on green growth in China: Mediating effect of green finance

Green technological innovation, green finance, and financial development and their role in green total factor productivity: Empirical insights from China

The carbon emissions trading scheme and green technology innovation in China: A new structural economics perspective

This article measures renewable energy firm-level pure innovation efficiency, green productivity, technical efficiency, scale efficiency and total investment efficiency from micro input–output factors using Banker, Charnes and Cooper’s (BCC) data envelopment analysis (DEA) approach. Its main novelty is that it clearly explores the effective impacts of government subsidies and tax rebate policies on renewable energy firms’ investment efficiency using China’s renewable energy firm-level panel data. Our observational findings indicate that between 2001 and 2018, the aggregate degree of total investment performance from renewable energy firms rose steadily before declining. Renewable energy firms had larger ranges of total investment efficiency and size efficiency, and their levels of pure technological efficiency were both greater than 0.457%. At the 16% trust mark, current government subsidies and taxation rebates had dramatically positive effects on pure technological efficiency and total investment efficiency; additionally, government subsidies have a stronger positive impact on total investment efficiency and pure technical efficiency than taxation rebates. Furthermore, the ownership concentrations of renewable energy companies greatly encourage pure technological efficiency, size efficiency and total investment efficiency, and asset returns will significantly increase their average degree of total investment efficiency and pure technical efficiency.

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Testing green fiscal policies for green investment, innovation and green productivity amid the COVID-19 era

This research measures the relationship between green innovation and the performance of financial development by using an econometric estimation during the year of 2000 to 2018 in 28 Chinese provinces. It is intended to explore the relative role of green technological innovation in driving green financial development in the west and central China, as well as how it influences economic growth in these regions. Ordinary least square (OLS) framework was utilized in mainland China to perform empirical studies by using an econometric estimation. This study claims that China has adopted research-based education system, while those for economic growth and expenditure in the regions while the innovation parts results shows that the  tertiary education were 12.42% and 13.53% versus the 10.50% and 10.6% in the eastern area. The research-based education increases the patents in green innovation and boosts the environmental policy. The financial development led to green technological development and innovation. Green innovation and financial development decrease the emissions, and it is apparent that as environmental regulations stimulate technical development, the superiority of human resources increases. The findings indicate that green financing reduces short-term lending, thus limiting clean energy overinvestment, while the long-term loans have little impact on renewable energy overinvestment, and the intermediary effect is unmaintainable. Meanwhile, the green financial growth will reduce renewable energy overinvestment and increase renewable energy investment productivity to certain amount.

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Ngo Quang-Thanh

Papers

Evaluating green innovation and performance of financial development: mediating concerns of environmental regulation