Abstract
Digital financial inclusion aims to bring financial services to a wider range of people and businesses at a much lower cost, using big data and cloud computing to capture and share information. At the same time, the Chinese government aims to build a green and sustainable economy. Therefore, this study analyzes the impact of digital financial inclusion on green economic efficiency and identifies the moderating role of regional competition based on the empirical analysis of data from 265 prefecture-level cities in China from 2010 to 2017. Our results indicate that (1) digital financial inclusion promotes the green economy, which has a significant positive spillover effect, (2) regional competition is beneficial for green economy development, but the interaction of digital financial inclusion and regional competition is detrimental, and (3) digital financial services make the largest positive contribution to the green economy, and digital payment services have the largest negative effect.
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