首页|Does green finance drive high-quality economic development?—Based on empirical evidence from China

Does green finance drive high-quality economic development?—Based on empirical evidence from China

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Green finance,as an important branch of modern finance,has far-reaching significance that is not limited to the financial sector.By promoting green investment and optimizing resource allocation,green finance plays a crucial role in reducing environmental pollution and carbon emissions.At the same time,it can also promote the quality of economic growth and achieve the harmonious development of economy,society and environment.Based on China's provincial panel data from 2008 to 2022,the direct impact and indirect transmission mechanism of green finance on high-quality economic development are analyzed by constructing a dynamic panel model and a mediation effect model.It is found that green finance not only directly promotes the high-quality development of the economy,but also indirectly promotes the sustainable and healthy growth of the economy through the transmission channel of technological innovation.This mediating effect of technological innovation is as high as 78.65%,which shows the close connection between green finance and high-quality economic development.In addition,the study also found that the direct promotion effect of green finance on high-quality economic development has significant regional heterogeneity.The results of this study suggest that when formulating relevant policies,it is necessary to fully consider the actual situation of each region and tailor them to the local conditions to ensure the in-depth promotion of green finance and the overall development of the economy.

green financehigh quality economic developmentsystem GMMmediating effect

WANG Shuang、ZHANG Kai-lin、LIU Xiang-yu

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SAXO Fintech Business School,University of Sanya,Sanya 572022,CHINA

Sanya College Schoollevel Research Project2022 Hainan Regional Economic Cooperation and Development Research Association-Sanya College Coconstruction Project

USYYB22-15USYGJXM22-07

2024

生态经济(英文版)
云南教育出版社（四川理工学院合办）

生态经济(英文版)

影响因子：0.196
ISSN：1673-0178
年,卷(期)：2024.20(3)