Research on the Impact of Real Estate Investment on Urban Green Economic Devel-opment
Promoting green economic development is a key element in achieving high-quality growth.Based on panel data from 280 cities in China spanning from 2007 to 2019,a detailed analysis of the impact of real estate investment on green economic development is crucial for achieving the synergistic development of the real estate industry and the green economy.The results indicate that excessive real estate development investment has a suppressive effect on urban green economic development,with this impact being more pronounced in eastern and central cities as well as in megacities and key cities.Further research reveals that excessive real estate investment affects the optimization and upgrading of industrial structures and the vitality of green technology innovation to some extent,thereby inhibiting the advancement of the green economy.However,green finance can alleviate this negative impact to some degree.Therefore,it is recommended to establish a long-term mechanism for the real estate industry,optimize urban green development layouts according to local conditions,guide industrial structure adjustments rationally,incentivize green technology innovation,and create effective linkages between green finance and real estate investment to effectively promote a virtuous cycle of real estate and green economic development.
real estate investmentgreen economic developmentgreen finance
万方数据
维普
