Can Green Finance Enable the Construction of a Modernised Industrial System in China?—Based on the Perspective of Manufacturing Industry Servitization
Based on the panel data of 30 provinces(auonomous regions and municipalities)in China from 2002 to 2021,an attempt is made to explore the enabling effect of green finance on the construction of China's modern industrial system from the perspective of manufacturing servitis-ing.It is found that the impact of green finance on the servitization of the manufacturing industry shows a U-shaped relationship of inhibition followed by promotion,and shows the heterogeneity of factor endowment,industrial structure and degree of marketization.At the same time,green finance can cross the inflection point in advance and empower the manufacturing servitifization under the influence of green technological innovation and environmental regulation adjustment effect.In view of this,it is important to accelerate the development of green finance in a focused,stage-by-stage and region-by-region manner,to promote green technological innovation of enter-prises,and to strengthen environmental regulation,so as to help green finance empower the con-struction of a modernised industrial system in China.
green financeChinese-style modernisationindustrial system constructionmanufacturing industry servitization
国家科技期刊平台
NSTL
万方数据
