School of Economics and Management, China University of Geosciences, Wuhan, 430074, Hubei, China.
School of Accounting and Finance, Yantai Institute of Technology, Yantai, 264005, Shandong, China.
Environ Sci Pollut Res Int. 2023 Nov;30(52):111891-111902. doi: 10.1007/s11356-023-28977-w. Epub 2023 Jul 28.
The study of top economic growth with the goal of Sustainable Development Goals (SDGs) has become an important issue in the world, and scholars have analyzed high-quality economic development(HED) influencing factors from many perspectives, but there are few studies on green finance(GF) and high-quality economic development(HED). we examine the logical link between green financing and high-quality economic development, as well as the transmission mechanism behind this relationship. Using data from 30 Chinese regions from 2011 to 2021, our empirical study shows that green financing may improve high-quality economic development. Several robustness tests show that this association exists. Furthermore, our findings indicate that more robust government governance and market synergy may promote green finance for high-quality economic development. Green finance can enhance high-quality economic development by minimizing resource mismatch and encouraging green technology advancement. Simultaneously, green finance for high-quality economic development is significantly heterogeneous. Green credit and green insurance are important forms of support for promoting high-quality economic development, with significantly higher impacts in the eastern regions than in the central and western regions. Our research offers policymakers insights on encouraging green finance growth in China.
将绿色金融与高质量经济发展联系起来的逻辑，以及这种关系背后的传递机制。利用 2011 年至 2021 年中国 30 个地区的数据，我们的实证研究表明，绿色金融可能会促进高质量经济发展。几项稳健性检验表明这种关联确实存在。此外，我们的研究结果表明，更强大的政府治理和市场协同作用可能会促进绿色金融以促进高质量经济发展。绿色金融可以通过最小化资源错配和鼓励绿色技术进步来促进高质量经济发展。同时，绿色金融对高质量经济发展的影响具有显著的异质性。绿色信贷和绿色保险是促进高质量经济发展的重要支持形式，在东部地区的影响明显高于中部和西部地区。我们的研究为中国鼓励绿色金融发展的政策制定者提供了参考。
