Spatial Impacts and Role Mechanisms of Green Finance on New Quality Productivity:The Case of Beijing-Tianjin-Hebei Urban Agglomeration
The Third Plenary Session of the 20th Central Committee of the Party requires the"improvement of systems and mechanisms for the development of new quality productivity that are adapted to local conditions."Green finance,as one of the five major initiatives for building a powerful financial nation,plays a significant role in promoting the development of new quality productivity.First,the entropy method is used to measure the level of new quality productivity in the Beijing-Tianjin-Hebei urban agglomeration.On this basis,using panel data of prefecture-level and above cities from 2008 to 2021,the spatial Durbin model and mediating effect model are applied to examine how green finance promotes the development of new quality productivity in the Beijing-Tianjin-Hebei region.As the research results suggest,the overall level of new quality productive forces in the Beijing-Tianjin-Hebei region has been increasing year by year,and there is a spatial agglomeration phenomenon of"low-low"and"high-high";green finance directly promotes the development of new quality productive forces and has a significant spatial spillover effect;green finance indirectly enhances new quality productive forces by optimizing the industrial structure;the heterogeneity of resource endowments and the time heterogeneity of whether entering the new normal of economy or not significantly affect the effectiveness of green finance.It is recommended that the level of green financial coordination within the Beijing-Tianjin-Hebei region should be strengthened,the support for green financial policies should be increased,the optimization and upgrading of industrial structure should be promoted,and attention should be paid to the development of green finance in resource-based cities to enhance the level of new quality productivity.
green financenew quality productivityBeijing-Tianjin-Hebei regionspatial spillover effectsindustrial structure optimization
万方数据
维普
