Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2183421
Does green finance drive low-carbon economic development? Evidence from China
Qi Cui
Xiaoyu Ma
Sisi Zhang
Sažetak
Green finance is a vital foundation for fundamental economic lowcarbon
transformation. Therefore, this study examines the effect of
green finance on low-carbon economic development by applying
various panel estimators including panel threshold model using
data set of 30 provincial administrations in China during 2008–2020.
The statistical results suggest that green finance significantly stimulates
low-carbon economic development based on a carbon emission
and emission intensity perspective. Green finance is more
effective in promoting low-carbon economic development in the
mid-western areas than in the eastern areas, while it is more effective
in less economically developed areas than economically developed
areas. Green finance is primarily responsible for driving lowcarbon
economic development, which is accomplished mainly by
stimulating industrial structure upgrading and science and technology
investment scale. The threshold outcome reveals that when
green finance levels cross a certain threshold, their contribution to
low-carbon economic development decreases. These findings offer
valuable policy implications.
Ključne riječi
Green finance; low carbon economic development; threshold effect; China
Hrčak ID:
314048
URI
Datum izdavanja:
15.9.2023.
Posjeta: 453 *