Research on the Impact of Green Finance on Green Total Factor Productivity from a Spatial Perspective
Under the overall layout of the Five in One,green finance provides a strong driving force for the improvement of urban green total factor production efficiency.This study uses panel data from 282 cities in China from 2006 to 2022 and employs a spatial Durbin model to investigate how green finance affects green total factor productiv-ity.The research results reveal that(1)green finance and urban green total factor pro-ductivity have spatial correlation.(2)Green finance helps to improve the green total fac-tor productivity of local cities,but it will reduce the green total factor productivity of neighboring cities.(3)The impact of green finance on green total factor productivity is mainly achieved through two key pathways:industrial structure and human capital.Therefore,the government should formulate a clear green finance policy framework,es-tablish a green finance market,support innovation in green finance products,strengthen disclosure and evaluation of green finance information,in order to more effectively pro-mote the production efficiency of green total factors.
green financegreen total factor productivity:spatial Durbin model
万方数据
维普
