Could Green Finance Alleviate the Resource Curse——Empirical Analysis Based on China's Provincial Panel Data
Based on panel data from 25 China's provinces from 2000 to 2022,the study ana-lyzed the impact of green finance on resource curse by using panel fixed effects model,mediation effect model,and threshold regression model.Firstly,the results indicate that the development of green finance has a significant negative effect on resource curse.The alleviating effects are ranked from strong to weak in the eastern,western,and central regions according to geographic location.Secondly,green finance can alleviate the resource curse by promoting technological innovation,up-grading industrial structure,and expanding opening up.Thirdly,green credit and green bonds both play a single threshold effect in alleviating the resource curse though green finance.And when green credit or green bonds crosses the corresponding threshold value,its impact can be more significant and reflected to a greater extent.Therefore,it is recommended to strengthen publicity and promo-tion of green finance,formulate specific policies tailored to local conditions to increase investment in scientific and technological innovation,promote industrial structure upgrading,and expand opening up.While enhancing the relative scale and market acceptance of environmental protection,low-carbon credit products and bond products in the financial market,prioritize the layout of big data and artificial intelligence industries.Give full play to the effect of green finance in alleviating the resource curse,accelerating the ecological transformation of regional economy,and promoting healthy and sustainable development.
Green financeResource curseIndustry structure upgradingScience and tech-nology innovationOpening up
万方数据
