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Dynamic Impact of Digital Inclusive Finance and Financial Market Development on Forests and Timber in China: Economic and Social Perspective

Year: 2024

Type: article

Abstract: This study investigates how digital inclusive finance, financial development, and technology influenced forest and timber outputs across 31 provinces in China from 2011 to 2021. The findings, derived from panel quantile regression analysis, indicate that digital inclusive finance significantly enhances forest economic output, particularly in regions with lower economic activity, by improving access to critical financial resources such as credit and investment. However, the positive effects diminish at higher levels of economic activity, suggesting potential diminishing returns. Through the marketization of credit distribution and diverse financial instruments, financial development is essential for promoting sustainable forestry practices and adopting new technologies. Based on the findings, the study suggests expanding digital financial services in areas with low forest activity to help people access credit and investments, boosting forest productivity. It also recommends improving financial markets and investing in new forestry technologies to support better forest management and timber production.

Source: Forests

DOI: 10.3390/f15091655

Authors: Rizwana Yasmeen, Guo Hong Fu

Institution: Panzhihua University

Language: English

Topic: Forest Management and Policy

Subfield: Global and Planetary Change

Field: Environmental Science

Domain: Physical Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure, Life on land

Open Access status: gold

Estimated APC paid: $2,955