DataSheet1_Financial development, foreign trade, regional economic development level and carbon emissions.PDF

Drawing on balanced panel data of 30 Chinese provinces in 2000–2020, this paper uses the Panel Smooth Transformation Regression (PSTR) model to explore the impact of financial development and foreign trade on carbon emissions under different regional economic development levels. The empirical results show that: 1) Financial development and foreign trade have a non-linear impact on carbon emissions under different economic development levels; 2) As the level of economic development exceeds the threshold, the positive effect of financial development on carbon emissions will weaken, while the effect of foreign trade on carbon emissions will change from negative to positive; 3) The sub-sample estimates further found that the impact on carbon emissions in southern and northern regions are different. The threshold in the south is lower than that in the north, but all the conversion speed is faster.

本文基于2000-2020年中国30个省份的平衡面板数据，运用面板平滑转换回归（Panel Smooth Transformation Regression, PSTR）模型，探究不同区域经济发展水平下，金融发展与对外贸易对碳排放的影响。实证结果显示：1）在不同经济发展水平下，金融发展与对外贸易对碳排放均存在非线性影响；2）当经济发展水平跨越阈值后，金融发展对碳排放的正向影响将逐渐减弱，而对外贸易对碳排放的影响则由负向转为正向；3）分样本回归估计进一步发现，中国南方与北方地区的碳排放影响存在异质性：南方地区的阈值低于北方，但南方的转换速度更快。