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Evaluation and Determinants of the Digital Inclusive Financial Support Efficiency for Marine Carbon Sink Fisheries: Evidence from China

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  • Weicheng Xu

    (School of Economics, Ocean University of China, Qingdao 266100, China
    Institute of Marine Development, Ocean University of China, Qingdao 266100, China)

  • Xiangyu Zhu

    (School of Economics, Ocean University of China, Qingdao 266100, China)

Abstract

The development of digital inclusive finance has greatly improved the feasibility of financial inclusion. Therefore, in the context of the constrained financing of marine carbon sink fisheries, we try to investigate whether digital inclusive finance exhibits a supportive effect on marine carbon sink fisheries and thus enhances the capacity of marine carbon sinks. Specifically, this paper empirically calculates the grey correlation between the development of digital inclusive finance and marine carbon sinks based on data in nine coastal provinces of China from 2011 to 2019. The empirical results show that the grey relational coefficients between the above two in China are more than 0.5, revealing a significant positive correlation. Then, on this basis, we estimate the digital inclusive financial support efficiency (DIFSE) for marine carbon sink fisheries by applying the Super-EBM model. In addition, the determinants affecting the DIFSE for marine carbon sink fisheries selected based on the grounded theory are explored through the Tobit model. The conclusions are as follows. First, there are time-varying characteristics and regional heterogeneity in DIFSE. Generally, the effect of China’s digital inclusive financial support for marine carbon sink fisheries is expanding year by year. Among them, the DIFSE in the northern marine economic circle is currently the highest, followed by that in the south and east. Second, the input of productive factors, promotion of fishery skill, development of fishery technology, and Internet coverage will significantly increase the value of DIFSE, while output structure, income level, fishery disasters, and marine pollution will have significant negative effects on DIFSE. These empirical results can help policymakers better understand the contribution of digital inclusive finance to marine carbon sink fisheries and provide them with valuable information for the formulation of supportive policies.

Suggested Citation

  • Weicheng Xu & Xiangyu Zhu, 2022. "Evaluation and Determinants of the Digital Inclusive Financial Support Efficiency for Marine Carbon Sink Fisheries: Evidence from China," IJERPH, MDPI, vol. 19(21), pages 1-24, October.
  • Handle: RePEc:gam:jijerp:v:19:y:2022:i:21:p:13971-:d:954769
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    References listed on IDEAS

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    1. Ding, Guoxuan & Kang, Nier, 2024. "The impact of digital financial inclusion on China's regional disparities in the quality of economic development: Based on the relational data paradigm," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 629-651.
    2. Huanhuan Xiong & Xuejing Wang & Xinrui Hu, 2023. "Research on the Duality of China’s Marine Fishery Carbon Emissions and Its Coordination with Economic Development," IJERPH, MDPI, vol. 20(2), pages 1-17, January.

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