[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-648551-105":59,"doc-detail-648551-en":121},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":114,"head_meta":116,"extra_data":118,"updated_unix":120},105,"en","how-does-digital-finance-affect-sustainable-economic-growth-evidence-from-china","How does digital finance affect sustainable economic growth? - Evidence from China","","Digital finance is presented as an innovative financial model with major relevance for sustainable economic growth. Using indicators of sustainable growth, the study evaluates the impact of digital finance for China with fixed effects, mediating effects, threshold regression, and a dynamic spatial Dubin model. Results show digital finance promotes sustainable economic growth, supported by robustness and endogeneity tests. The effect is mainly via technological innovation, and renewable energy development supports a significant nonlinear relationship. Spatial spillovers indicate positive direct and indirect effects.",{"@graph":69,"@context":113},[70,84,104],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/how-does-digital-finance-affect-sustainable-economic-growth-evidence-from-china/648551/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":98,"encodingFormat":97,"isAccessibleForFree":99,"interactionStatistic":100},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/how-does-digital-finance-affect-sustainable-economic-growth-evidence-from-china/648551.png","ImageObject",300,407,{"name":92,"@type":93},"Fahsai","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-23",true,{"@type":101,"interactionType":102,"userInteractionCount":4},"InteractionCounter",{"@type":103},"ViewAction",{"@type":105,"mainEntity":106},"FAQPage",[107],{"name":108,"@type":109,"acceptedAnswer":110},"What mechanism is identified as the main pathway?","Question",{"text":111,"@type":112},"Technological innovation is found to be the primary channel through which digital finance promotes sustainable growth.","Answer","https://schema.org",{"og:url":83,"og:type":115,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":117,"canonical":83},"index,follow",{"doc_id":119,"site_id":62},648551,1792794026,{"code":4,"msg":5,"data":122},{"doc_id":119,"user_id":123,"nickname":92,"user_avatar":124,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":125,"file_id":126,"file_url":127,"file_type":128,"file_size":129,"view_count":4,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":130,"language":131,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":132,"faqs":133,"seo_title":134,"seo_description":67,"update_tm":120,"read_time":135},549768702563,"https://ap-avatar.wpscdn.com/avatar/8000c4aa63b76e948b?x-image-process=image/resize,m_fixed,w_180,h_180&k=1786536092046926083","Environmental Science and Pollution Research (2023) 30:103164–103178  \n[https://doi.org/10.1007/s1](https://doi.org/10.1007/s1) 1356-023-29496-4  \nHow does digital finance affect sustainable economic growth? Evidence from China  \nYang Liu1 · Aisyah Abdul Rahman2 · Syajarul Imna Mohd Amin3 · Roslan Ja’afar1  \nReceived: 21 April 2023 / Accepted: 21 August 2023 / Published online: 8 September 2023  \n© The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2023  \nAbstract  \nDigital finance is an innovative financial model of great significance for sustainable economic growth. By constructing indicators of sustainable economic growth, we explore the impact of digital finance on sustainable economic growth using the fixed effect model, mediating effect model, threshold regression model, and dynamic spatial Dubin model. The study finds that digital finance can drive sustainable economic growth, and the robustness and endogenous treatment results strongly verify this. Digital finance promotes sustainable growth mainly through technological innovation. In addition, with technological innovation and the development of renewable energy, there is a significant nonlinear relationship between digital finance and sustainable economic growth. Finally, the spatial spillover effect results show that digital finance’s impact on sustainable economic growth has a positive effect, whether it is a direct effect or an indirect effect. This article provides possible ideas for digital finance to promote sustainable economic growth.  \nKeywords Digital finance · Sustainable economic growth · Technological innovation · Energy transition · Impact mechanism  \nIntroduction  \nIn recent years, increasing natural disasters and extreme weather events has put severe pressure on the economy (Tranet al. 2019), making it unsustainable to develop economics atthe expense of the environment (Abid et al. 2019; Elahi et al.  \nResponsible Editor: Nicholas Apergis  \n* Yang Liu [zp05797@siswa.ukm.edu.my](zp05797@siswa.ukm.edu.my)  \nAisyah Abdul Rahman  \n[eychah@ukm.edu.my](eychah@ukm.edu.my)  \nSyajarul Imna Mohd Amin  \n[imna@ukm.edu.my](imna@ukm.edu.my)  \nRoslan Ja’afar  \n[jroslan@ukm.edu.my](jroslan@ukm.edu.my)  \n1 Graduate School of Business, Universiti Kebangsaan Malaysia (UKM), 43600 Bandar Baru Bangi, Malaysia  \n2 Faculty of Economics and Management & Institute of Islam Hadhari, Universiti Kebangsaan Malaysia(UKM), 43600 Bandar Baru Bangi, Malaysia  \n3 Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), 43600 Bandar Baru Bangi, Malaysia  \n2019) . China’s carbon emissions reached 9.899 billion tons in 2021, accounting for 30.7% of global emissions and making China the world’s largest carbon emitter1. This long-term high consumption, low output mode, and increasingly serious environmental problems have also caused economic growth in China to shift from high to medium-high-speed (Yuan 2022) . In 2020, China’s GDP growth dropped to 2.2% from 6% in 2019 to CNY 101,356.7 billion with the digital economy’score industries contributing 7 . 8%2. Faced with increasingly serious environmental problems and the gradual decline in the efficiency of economic growth, China began to transform its economic development mode. In 2021, China emphasized“developing a green economy and vigorously promoting sustainable economic development”. A sustainable economy requires transforming economic growth from a high-carbon model to a low-carbon model. Economic development pays attention to the coordination with social and ecological system construction, and a sustainable economy has become an essential global concern and action issue. China has committed to achieve carbon neutrality by 2060. To reach this goal,  \n1 Source: 2021 BP Statistical Review of World Energy  \n[https://www.bp.com/content/dam/bp/business-sites/en/global/corpo](https://www.bp.com/content/dam/bp/business-sites/en/global/corpo)[rate/pdfs/energy-economics/statistical","cbCailVqeugo6BBo","https://ap.wps.com/l/cbCailVqeugo6BBo","pdf",1427320,15,"English","# Abstract\n# Introduction","[{\"question\":\"What mechanism is identified as the main pathway?\",\"answer\":\"Technological innovation is found to be the primary channel through which digital finance promotes sustainable growth.\"}]","How does digital finance affect sustainable economic growth? - Evidence from China | PDF",38]