Spatial spillover effect of green finance on economic development, environmental pollution, and clean energy production across China
Year: 2022
Type: article
Abstract: Although the extensive development model carries China's economy at the forefront of the world, it has brought great environmental pollution problems. The Chinese government hopes to control environmental pollution through green finance and achieve high-quality economic development. Based on the panel data of 30 provinces and cities in China from 2009 to 2019, this paper examines the impact of green finance on China's high-quality economic development, environmental pollution, and clean energy production. In order to study the spatial impact of green finance, we put spatial geographic factors into the analysis category, and use the spatial Durbin model to empirically examine the spatial effect of green finance on high-quality economic development, environmental pollution, and clean energy production. It is found that green finance can promote high-quality economic development and curb environmental pollution in China. However, green finance also weakens China's clean energy production.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: green
OpenAlex ID: W4285090232