分类号：F832.5单位代码：11407
密级：公开学号：20217009
北方民族大学
硕士学位论文
数字普惠金融对我国低碳经济发展的
影响研究
Research on the impact of digital inclusive finance on the
development of low-carbon economy in China
学位申请人：邵明珠
指导教师：李苏
申请的学位门类：经济学硕士
专业名称：应用经济学
研究方向：金融学
所在学院：经济学院
论文完成日期:2024年5月24日
摘要
我国正处在社会化转型的重要时期，在碳中和背景下，如何实现我国经济的低碳
化发展成为推动社会主义现代化建设的重要课题。在数字经济时代下，数字普惠金融
借助先进的科学技术，以数字化知识和信息作为革命性生产要素，缩小了金融距离，
有效缓解了金融排斥等传统金融发展困境，通过其数字性和普惠性推动技术创新，助
力高耗能、高污染企业转型升级，为我国经济持续健康发展蓄势赋能。因此，探究数
字普惠金融对我国低碳经济发展的影响机制和效应，对现阶段推动低碳经济以及社会
可持续发展具有重要的理论和现实意义。
本文对数字普惠金融和低碳经济发展的相关概念及理论进行了归纳，并对数字普
惠金融对我国低碳经济发展的影响作用进行梳理，分别选取和构建了数字普惠金融、
低碳经济发展评价的指标体系，并以我国2011-2021年30个省份（由于数据不可得，
除西藏、港澳台外）为研究对象，采用熵值法客观赋权，计算综合得分，测度其发展
水平，并对近年来我国数字普惠金融和低碳经济发展的时序变化及其阶段特征进行分
析。通过双向固定效应模型、调节效应模型以及面板门槛回归等模型，实证分析了数
字普惠金融对我国低碳经济发展的影响效应，分析其作用机制和路径。
研究结果表明：第一，在基准回归中，数字普惠金融能够显著促进低碳经济发展；
第二，通过调节效应模型发现，金融监管强度对数字普惠金融与低碳经济发展水平之
间的关系具有调节效应；第三，通过门槛回归模型发现，数字普惠金融对低碳经济发
展的作用程度受其自身及其子维度影响呈现非线性特征，即门槛变量发展程度越高，
对低碳经济推动作用越明显；第四，通过异质性分析发现，数字普惠金融对低碳经济
发展的促进作用受不同地域、不同维度的影响呈现异质性。
最后，为了更好的激发数字普惠金融对我国低碳经济发展的作用效果，本文基于
上述研究结论提出以下几点建议：（1）大力发展数字普惠金融，为低碳经济助力。
（2）规范金融监管体系，完善管理机制。（3）打破区域边界，推动东中西协同发展。
（4）充分认识数字普惠金融不同维度的特点，分层实施数字普惠金融发展战略，促
进数字普惠金融与低碳经济高度融合。
关键词：数字普惠金融，低碳经济发展，固定效应，调节效应，门槛效应
I
Abstract
China is in an important period of socialization transformation,and in the context of
carbon neutrality,how to realize the low-carbon development of China's economy has
become an important topic to promote socialist modernization.In the era of digital
economy,with the help of advanced science and technology,digital knowledge and
information as revolutionary production factors,digital inclusive finance has narrowed the
financial distance,effectively alleviated the dilemma of traditional financial development
such as financial exclusion,promoted technological innovation through its digital and
inclusive nature,helped the transformation and upgrading of high-energy-consuming and
high-polluting enterprises,and empowered the sustainable and healthy development of
China's economy.Therefore,it is of great theoretical and practical significance to explore
the impact mechanism and effect of digital inclusive finance on the development of China's
low-carbon economy and social development.
This paper summarizes the relevant of low-carbon economy in China,selects and
constructs the evaluation,and takes 30provinces in China from 2011to 2021(except Tibet,
Hong Kong,Macao and Taiwan)as the research object,and uses the entropy method to
objectively weight,calculate the comprehensive score,and measure their development
level.This paper analyzes the temporal changes and stage characteristics of digital
inclusive finance and low-carbon economic development in China in recent years.Through
the two-way fixed-effect model,moderating effect model and the development of China's
low-carbon economy is empirically analyzed,and its mechanism and path are analyzed.
The results show that:first,digital inclusive finance can significantly promote the
development of low-carbon economy;Second,through the moderating effect model,it is
found that the intensity of financial supervision has a moderating effect on the relationship
between digital inclusive finance and the development level of low-carbon economy.
Thirdly,through the threshold regression model,it is found that the degree of digital
inclusive finance on the development of low-carbon economy is nonlinear due to its own
influence and its sub-dimensions,that is,the higher the development degree of the
threshold variable,the more obvious the role of promoting the low-carbon economy.
II
Fourth,through heterogeneity analysis,it is found that the promotion of digital inclusive
finance on the development of low-carbon economy is heterogeneous due to the influence
of different regions and dimensions.
Finally,in order to better stimulate the effect of digital inclusive finance on the
development of China's low-carbon economy,this paper puts forward the following
suggestions based on the above research conclusions:(1)Vigorously develop digital
inclusive finance to help the low-carbon economy.(2)Standardize the financial
supervision system and improve the management mechanism.(3)Break regional
boundaries and promote the coordinated development of the east,the middle and the west.
(4)Fully understand the characteristics of different dimensions and promote the high
integration of digital inclusive finance and low-carbon economy.
Key words：digital financial inclusion,low-carbon economic development,fixed effect,
regulatory effects,threshold effect
III
目录
第一章绪论...............................................................................................1
第一节研究背景和意义........................................................................1
第二节研究框架和研究方法...............................................................4
第三节创新点与不足之处....................................................................6
第二章文献综述......................................................................................7
第一节数字普惠金融研究现状...........................................................7
第二节低碳经济研究现状..................................................................11
第三节数字普惠金融对低碳经济发展影响的研究现状.................13
第四节文献述评..................................................................................14
第三章理论基础与研究假设................................................................16
第一节概念界定..................................................................................16
第二节理论基础..................................................................................17
第三节机制分析与研究假设.............................................................20
第四章我国数字普惠金融和低碳经济发展状况................................24
第一节我国数字普惠金融的发展.....................................................24
第二节我国低碳经济的发展.............................................................29
第五章数字普惠金融对低碳经济发展的实证分析............................35
第一节研究设计..................................................................................35
第二节实证分析..................................................................................40
第三节门槛效应分析..........................................................................45
第四节异质性分析..............................................................................48
第五节稳健性检验和内生性检验.....................................................51
第六章研究结论与对策建议................................................................56
第一节研究结论..................................................................................56
第二节对策建议..................................................................................57
参考文献...................................................................................................60