Green Finance Innovation,Resource Allocation Efficiency and Chinese-style Economic Modernization
With the deepening of the goals of carbon peaking and carbon neutrality,green finance innovation has become an important way to promote the Chinese-style economic modernization.This paper uses a sample of 284 cities at prefecture level and above in China from 2012 to 2022 to empirically test the impact of green finance innovation on Chinese-style economic mod-ernization,and analyzes the mediating effect of resource allocation efficiency between the two.The results indicate that green fi-nance innovation can significantly promote the Chinese-style economic modernization,and that the efficiency of resource alloca-tion has a positive mediating effect on the impact of green finance innovation on the Chinese-style economic modernization.Het-erogeneity test finds that there is significant regional heterogeneity in the driving effect of green finance innovation on the Chi-nese-style economic modernization,showing a characteristic of eastern region>western region>central region.The green finance innovation has the strongest promoting effect on the green modernization of the economy,but the weaker promoting effect on the opening modernization of the economy.In view of this,the paper proposes suggestions of building an innovative highland for green finance,improving the efficiency of factor resource allocation,and promoting the innovative development of green finance accord-ing to local conditions.
万方数据
维普
