Is the Immediate Impact of Green Credit on Industrial Green Development?
Green credit is one of the method to promote industrial green development as an important tool for balancing the econ-omy and environment.However,can the impact of green credit on the greening of industry be effective in the current period?This paper uses benchmark regression modeling and structural equation modeling to explore the lagged impact of green credit on industrial green development under institutional environment and industrial continuity and substitution.The study found that there is a lag in the impact of green credit on industrial green development.Upgrading the institutional environment and realizing in-dustrial continuity and substitution can improve the lagging effect of green credit on industrial green development.In areas with a low level of institutional environment,upgrading the legal system,government guidance and marketization can all promote green credit for green industrial development.
Green creditIndustrial green developmentIndustrial continuity and substitutionInstitutional environment
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