Background: The proportion of government healthcare expenditure in China increases due to rapid economic development in recent years. The growth of government healthcare expenditure can promote physical health improvement of human capitals and thereby facilitate economic growth. Hence, exploring the effects of government healthcare expenditure on economic growth is important. Methods: Spatial correlation of economic growth under different spatial weights was tested, and the effects of government healthcare expenditure on economic growth were analyzed by constructing a spatial Durbin model with the panel data of 31 provinces in China gathered from 2005 to 2017. Results: Government healthcare expenditure in China significantly and positively affects economic growth under three spatial weight matrices. The spatial weight of economic distance influences economic growth more significantly compared with the 0–1 spatial weight and the spatial weight of geographical distance. The total and the direct effects of government healthcare expenditure are significantly positive. Furthermore, the direct effects are significant, whereas the indirect effects show different degrees of significance. Conclusion: The total effect of government healthcare expenditure on economic growth is significant and positive, with direct effects exceeding the indirect ones. Hence, the China’s government must continue to increase financial investment to public health services to promote high-quality economic growth in the country.
With technological transformations such as big data, blockchain, artificial intelligence, and cloud computing, digital techniques are infiltrating the field of finance. Digital finance (DF) is a resource-saving and environmentally friendly innovative financial service. It shows great green attributes and can drive the flow of financial resources towards environmentally-friendly enterprises, thereby promoting green low-carbon circular development (GLCD). However, few studies have explored the coupling mechanism between DF and GLCD. To fill this gap, this paper explores the effect of DF on GLCD, and established a mediating effect model to investigate the mechanism of DF in promoting GLCD. Additionally, this paper established a random forest model and a CatBoost model based on machine learning to examine the relative importance of DF and the factors affecting GLCD. The results show that DF has significant positive effects on GLCD, and technological innovation plays a key role in the effect of DF on GLCD; meanwhile, the effect of DF on GLCD shows nonlinear features with an increasing “marginal effect”; moreover, both DF and conventional factors have significant impacts on GLCD. Our study highlights the effect of DF on GLCD and underscores the importance of developing policies for DF and GLCD. This study provides an empirical basis and path reference for DF to achieve “carbon peak, carbon neutralization” in China.
Cotton is an important agricultural crop and strategic resource. China is currently the country with the largest global cotton production and consumption, but few studies have systematically analyzed the dynamic relationship between factor price change (FPC) and cotton production pattern evolution (CPPE). Based on provincial panel data from the main cotton planting areas from 1985 to 2021, this paper used spatial econometric models to empirically analyze the impact of FPC including labor price, production material cost, and mechanical cost on CPPE from the perspective of mechanical substitution difficulty. The findings are that (1) FPC significantly affected CPPE, specifically the rise of labor price induced the demand for mechanical substitution, resulting in a significant cotton agglomeration effect; (2) spatial econometric analysis found that FPC had a significant spatial spillover effect on CPPE in adjacent regions; and (3) the transfer analysis found that higher mechanical substitution difficulty exerted an inhibitory effect on cotton planting, leading to a gradual shift of the main cotton planting areas from the Yangtze River Basin and Yellow River Basin with high labor prices to the Northwest Inland region with lower labor prices. Updating the production technology and improving the efficiency of cotton specialization are effective strategies. The results are valuable for policy making related to the development of China’s cotton industry.
With technological transformations such as big data, blockchain, artificial intelligence, and cloud computing, digital techniques are penetrating the field of finance. Digital finance is a resource-saving and environmentally friendly innovative financial service. It shows great green attributes and can drive the flow of financial resources towards environmentally friendly enterprises, thereby promoting green and low-carbon development. This paper investigates the effects of digital finance on green and low-carbon cyclic development and the mechanism. First, the level of green and low carbon cyclic development in China is estimated from multiple aspects based on the panel data of 31 provinces by using the spatio-temporal range entropy weight method. Then, the working mechanism of digital finance on green and low carbon cyclic development is revealed by performing empirical tests based on panel regression models, mediating effect models, and threshold models. Finally, the effects of digital finance and conventional variables on green and low-carbon cyclic development are investigated by using a random forest model and a CatBoost model in based on the machine learning. The results show that digital finance has significant positive effects on green and low-carbon cyclic development, and technological innovation plays a key role in the effects of digital finance on green and low-carbon cyclic development; meanwhile, the driving effect of digital finance on green and low carbon cyclic development shows nonlinear features with increasing “marginal effect”; besides, both digital finance and conventional factors have significant impacts on green and low carbon cyclic development. This study provides an empirical basis and path reference for digital finance to achieve “carbon peak, carbon neutralization” in China.
Exploring the low-carbon transition in China can offer profound guidance for governments to develop relevant environmental policies and regulations within the context of the 2060 carbon neutrality target. Previous studies have extensively explored the promotion of low-carbon development in China, yet no studies have completely explained the mechanisms of the low-carbon transition in China from the perspective of per capita carbon emissions (PCEs). Based on the statistics and carbon emissions data of 367 prefecture level cities in China from 2000 to 2020, this study employed markov chain, kernel density analysis, hotspots analysis, and spatial regression models to reveal the spatiotemporal distribution patterns, future trends, and driving factors of PCEs in China. The results showed that China’s PCEs in 2000, 2010, and 2020 were 0.72 ton/persons, 1.72 ton/persons, and 1.91 ton/persons, respectively, exhibiting a continuous upward trend, with evident regional heterogeneity. PCEs in northern China and the eastern coastal region were higher than those of southern China and the central and southwestern regions. The PCEs in China showed obvious spatial clustering, with hot spots mainly concentrated in Inner Mongolia and Xinjiang, while cold spots were mainly in some provinces in southern China. The transition of PCEs in China exhibited a strong stability and a ‘club convergence’ phenomenon. A regression analysis revealed that the urbanization level and latitude had negative effects on PCEs, while the regional economic development level, average elevation, average slope, and longitude showed positive effects on PCEs. These findings have important implications for the promotion of the low-carbon transition and the effective achievement of the “dual carbon” goal.