Research on the impact of green finance on common prosperity——analysis based on threshold effect and spatial effect
Under the background of green development and sustainable development,exploring the path to achieve common prosperity is of great significance for promoting Chinese path to modernization and realizing the great rejuvenation of Chinese nation.To accelerate the achievement of the goal of common prosperity,based on provincial panel data from 2011 to 2022,the entropy method was used to measure the green finance and common prosperity index.The impact of green finance on common prosperity was systematically analyzed through threshold effect model,spatial Durbin model and dynamic panel model.The results showed that:(1)Green finance could promote common prosperity,with a coefficient of 0.7745,which was significant at the 1%level.It had a significant impact on developmentality,sharing and sustainability,and passed robustness tests such as replacing the dependent variable and endogeneity tests.(2)Heterogeneity testing found that green finance had a stronger promoting effect on common prosperity in the eastern regions,non-ethnic regions,areas with high levels of marketization and areas with low levels of forestry economy.(3)With the improvement of green technologyinnovation level,the impact of green finance on common prosperity continued to strengthen in a U-shaped trend.(4)The development of green finance not only promoted the improvement of common prosperity in the local area,but also had spatial spillover effects on neighboring areas,with coefficients of 0.0788 and 0.4708,respectively,and spatial autocorrelation coefficient was 0.4091,both were significant at the 1%level,after replacing the geographic adjacency matrix with a spatial distance matrix and an economic distance matrix,the spatial spillover effects still existed.The article discussed the impact of green finance and green technology innovation on common prosperity,provided a new perspective for research on common prosperity.Based on research conclusions and discussions,some policy implications were proposed for developing green finance,optimizing resource circulation and regional coordinated development,improving the level of green technology innovation,enhancing marketization,and promoting the development of forestry economy.
green financecommon prosperitygreen technology innovationthreshold effectspatial effect
NETL
NSTL
万方数据
