Green Finance Policy and Regional Innovation Capacity—Data from the Green Finance Reform and Innovation Pilot Zone
Based on the panel data of 30 provinces in China from 2008 to 2021,this paper comprehensively evaluates the impact and mechanism of the pilot policies of the green finance reform and innovation pilot zone on the innovation ability of the pilot areas by using the synthetic control method.The study finds that the development of regional innovation capacity has been significantly enhanced by the implementation of the policy of green finance reform and innovation pilot zones,and the development level of regional innovation capacity in Guangdong,Guizhou and Jiangxi has been significantly improved during the policy pilot period,and this conclusion is still valid after a series of robustness tests.The intermediary effect analysis shows that the policy of green finance reform and innovation pilot zone can promote the development of regional innovation capacity by promoting regional R&D investment.The heterogeneity analysis showed that the policy implementation promoted the"quantity"of regional innovation ability in each pilot area,but there were differences in the policy effect,and the enhancement effect was obvious in terms of"quality".
Green FinanceSynthetic Control MethodDifference in Difference MethodRegional Innovation AbilityIntermediary Effect
NETL
NSTL
万方数据
