Research on the impact of green finance and green innovation on high-quality economic development in central China
Based on the theoretical expectation that the improvement of green finance and green innovation development level was the core factor supporting high-quality economic development,this paper used the entropy method to calculate the green finance devel-opment index and high-quality economic development index in six provinces of central China from 2011 to 2020.On this basis,this pa-per used the panel model and intermediary effect model to test the influence of green finance composite index and sub-index on high-quality economic development.The benchmark regression results showed that green finance not only promotes high-quality economic development in the central region,but also improved the level of green technology innovation.The results of intermediary mechanism test showed that green innovation played an intermediary role when green finance supports high-quality economic development in central China.The sub-indexes showed that green credit and carbon finance had partial intermediary effect,while green bonds had full inter-mediary effect.It was also found that the collaboration between green finance and green innovation was the best way to support high-quality economic development in central China.Therefore,it is necessary to implement differentiated green finance policies based on the actual situation of provinces in central China,improve the screening ability of enterprises with real green technology innovation ability,and further strengthen the promoting role of green finance and green innovation in high-quality economic development in central Chi-na.
green financegreen innovationhigh-quality economic developmentmediating effect
万方数据
维普
