Green Finance, Industrial Structure Adjustment and High-quality Development

Ke Tao; Zhenfei Huang; Junfu Cheng

doi:10.54691/fsd.v2i12.3280

Authors

Ke Tao
Zhenfei Huang
Junfu Cheng

DOI:

https://doi.org/10.54691/fsd.v2i12.3280

Keywords:

Green Finance; Panel Vector Returning; High -Quality Economic Development.

Abstract

Based on the panel data of 30 provinces and cities across the country in 2010-2020, the relationship between the panel returning (PVAR) model explores the relationship between green finance, industrial structure adjustment and high-quality economic development. The results show that green finance is the reason why industrial rationality is rationalized. Industrial rationalization is the reason for the advanced industrial Granger. There is a two -way causal relationship between green finance and high -quality economic development; there is a mutual promotion role between green finance and high -quality economic development, and this promotion effect will gradually weaken over time; in addition, the advanced industrial structure is one of the causes of the rationalization of the industrial structure. But this impact only acts in the short term. Therefore, in order to promote high -quality economic development, we must implement regional coordinated development strategies, implement accurate green financial policies, properly handle the reasonable and advanced relationship between the industrial structure and continuously promote the rationalization of industrial structure, improve industrial production efficiency and economy operation efficiency.

Downloads

Download data is not yet available.

References

Wara Michael. Is the global carbon market working?[J]. Nature,2007,445(7128).

Bert Scholtens. Finance as a Driver of Corporate Social Responsibility[J]. Journal of Business Ethics,2006,68(1).

Qiang Ji,Dayong Zhang. How much does financial development contribute to renewable energy growth and upgrading of energy structure in China?[J]. Energy Policy,2019,128.

Wang Yao, Pan Dongyang, Zhang Xiao. Research on the contribution of green finance to China's economic development [J]. Comparison of the economic and social system, 2016, (06): 33-42.

Pei Yu, Xu Weifeng, Yang Guoqiao. Green credit investment, green industry development and regional economic growth-take Huzhou City, Zhejiang Province as an example [J]. Zhejiang Social Science, 2018, (03): 45-53+157.

Li Yu, Hu Haiya, Li Hao. The empirical analysis of the impact of green credit on the upgrading of China's industrial structure-based on China's provincial panel data [J]. Economic issues, 2020, (01): 37-43.

Document Ocean, Lin Zefu, Liu Xiliang. Green Finance and Economic Growth Quality: General equilibrium model construction and empirical test with resources and environment constraints [J]. China Management Science, 2022,30 (03): 55-65: 55-65 Then, then, then

Labatt S., White R., Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products, Transplantation, 2003,66 (8): 405-409.

William a. Brock, M. Scott Taylor. The Green Solow Model [J]. Journal of economic Growth, 2010,15 (2).

Liu Dawei, Li Xiandong, Xia Yong. Green Finance's impact on the performance of ecological welfare performance [J]. Financial and economy, 2021, (09): 42-50.

Shao Xuefeng, Fang Tianshu. Coupling coordination analysis of regional green finance and industrial structure-perspective based on new institutional economics [J]. Industrial technology economy, 2021,40 (01): 120-127.

Gan Chunhui, Zheng Ruogu, Yu model. The impact of changes in China's industrial structure on economic growth and fluctuations [J]. Economic research, 2011,46 (05): 4-16+31.

Sun Hao, Guiheqing, Yang Dong. The measurement and evaluation of the high-quality development of the economy in China [J]. Zhejiang Social Science, 2020, (08): 4-14+155.

Chen Peiqin. Hending of productivity, capital return and growth rate- "Chinese Miracle" a new explanation [J]. Journal of Huazhong University of Science and Technology (Social Science Edition), 2013,27 (03): 59- 67.

Soldiers, Cai Yuanfei. Dynamic analysis of the impact of population aging on economic growth-Empirical analysis based on panel VAR model [J]. Economic and management, 2017, 31 (01): 22-29.

Shi Daimin, Shi Xiaoyan. Green Finance and Economic High-quality Development: Mechanism, Characteristic and Empirical Research [J]. Statistics research, 2022,39 (01): 31-48.