Shangshuai Zhu, Wenming Li
To reveal the mechanism of digital finance in promoting the high-quality development of green logistics, this paper measures the development level of green logistics based on panel data from 30 provinces (autonomous regions and municipalities) in China. A benchmark regression model is used to investigate the impact of digital finance on green logistics, and single-threshold panel regression is employed to analyze the nonlinear promoting effect of digital finance on green logistics at different development stages. The empirical results show that digital finance significantly enhances the development level of green logistics in the local area. When the level of digital finance is below the threshold, its marginal promoting effect on green logistics is relatively weak. When it exceeds the threshold, the promoting effect is significantly enhanced. The impact of different control variables on green logistics varies due to regional heterogeneity.
Digital Finance, Green Logistics, Threshold Effect