Institute of Industrial Economy and Rural Development, Institute of Ecological Civilization Economy, School of Economics, Henan University, Kaifeng, Henan, 475004, China.
Institute of Ecological Civilization Economy, School of Economics, Henan University, Kaifeng, Henan, 475004, China.
Environ Sci Pollut Res Int. 2022 Oct;29(47):71033-71046. doi: 10.1007/s11356-022-20856-0. Epub 2022 May 20.
Finance has a strong role in promoting green development; however, there are very few studies quantifying this relationship. To this end, based on the official green development indicator system of the Chinese government and province-level data from 2006 to 2017, the quantile regression model was used to analyze quantitatively the impact of finance on green development. The results show that financial development contributed significantly to green development, and furthermore, financial efficiency and green finance have a strong positive effect with the increase of the quantile, and financial scale also has a significant positive effect, but a diminishing marginal effect. In addition, the impact of financial development on green development has regional differences. In the eastern region, the finance factors can promote green development, but the financial scale and the green finance promotion function weaken along with the quantile increase. The financial scale and green finance do not support green development significantly in the central region. Financial scale, efficiency, and green finance support green development in the west region.
金融在促进绿色发展方面发挥着重要作用；然而，定量研究这种关系的研究却很少。为此，本文基于中国政府官方绿色发展指标体系和 2006-2017 年省级数据，采用分位数回归模型，定量分析了金融对绿色发展的影响。结果表明，金融发展对绿色发展有显著贡献，而且金融效率和绿色金融对分位数的增加具有很强的正效应，金融规模也具有显著的正效应，但边际效应递减。此外，金融发展对绿色发展的影响存在区域差异。在东部地区，金融因素可以促进绿色发展，但随着分位数的增加，金融规模和绿色金融的促进作用减弱。在中部地区，金融规模和绿色金融对绿色发展的支持作用不明显。金融规模、效率和绿色金融在西部地区支持绿色发展。
