Sci-tech Financial Policy and Low-Carbon Economic Transition: Identification of Enabling Effects and Mechanisms

JIE Qiongnan; YAN Jiajia

Volume 42 Issue 3

May 2026

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2026 > 41(3): 65-78

JIE Qiongnan, YAN Jiajia. Sci-tech Financial Policy and Low-Carbon Economic Transition: Identification of Enabling Effects and Mechanisms[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(3): 65-78.

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JIE Qiongnan, YAN Jiajia. Sci-tech Financial Policy and Low-Carbon Economic Transition: Identification of Enabling Effects and Mechanisms[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(3): 65-78.

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Sci-tech Financial Policy and Low-Carbon Economic Transition: Identification of Enabling Effects and Mechanisms

School of Economics and Management, Fuzhou University, Fuzhou 350108, China

Received Date: 2025-12-19
Available Online: 2026-06-26
Publish Date: 2026-05-28

Abstract

Abstract

As the core engine for realizing green and sustainable development, low-carbon economic transition depends on in-depth empowerment of sci-tech innovation and efficient allocation of financial resources. Using panel data from 281 prefecture-level and above cities in China from 2003 to 2023, this paper employs a synthetic control method with difference-in-differences (SDID) to integrate the low-carbon economic transition into the evaluation framework of the sci-tech financial policy, and empirically analyzes its impact on low-carbon economic transition combined with the three-dimensional linkage mechanism of industries, enterprises and researchers. The results reveal that the sci-tech financial policy exert a significant promoting effect on low-carbon economic transition, with industrial chain resilience, artificial intelligence development level and sci-tech innovation vitality serving as core influencing mechanisms. Its impact on low-carbon economic transition of surrounding cities presents fluctuating spatial transmission characteristics. The role of sci-tech financial policy is more significant in cities with net population inflow, non-old industrial base cities, and coastal cities. The research findings provide practical references and policy insights for optimizing the allocation of sci-tech finance resources, enhancing the efficiency of low-carbon economic transition, and promoting regional green coordinated development.
- sci-tech financial policy,
- low-carbon economic transition,
- industrial chain resilience,
- artificial intelligence level,
- sci-tech innovation vitality

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References(39)

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