Policy Finance,Environmental Infrastructure,and Green Development
Policy finance,aimed at serving national strategic objectives,plays a distinct role in advancing green development strategies.This study discusses the mechanisms through which policy finance influences the construction of environmental infrastructure,thereby impacting green development.Utilizing panel data from thirty-one provinces,municipalities,and autonomous re-gions in China from 2008 to 2021,this study constructs panel transmission and threshold effect models to empirically examine these relationships.The findings indicate that policy finance en-hances the provision level of environmental infrastructure,which positively affects green develop-ment.The impact varies across different regions and levels of financial technology.Currently,poli-cy finance has not yet synergized with government fiscal policies and commercial finance to ro-bustly strengthen the supply of environmental infrastructure.Owing to the characteristics of envi-ronmental infrastructure construction,there is a deceleration threshold effect in the positive impact of policy finance on green development.Therefore,policy finance should continue to improve serv-ice quality and actively build cooperative relationships with fiscal and commercial financial sec-tors to support the supply of environmental infrastructure and effectively promote green develop-ment.
NETL
NSTL
万方数据
