The Impact of Green Finance on the Ecologicalization of Urban Industrial Structure —— Based on GMM Model of Dynamic Panel System

K. Lin, Huawei Zhao
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引用次数: 9

Abstract

 Although a number of papers have been published in the general area of various factors affecting the ecologicalization of urban industrial structure, little work has been carried out for empirical studies quantitatively analyzing the relevance between green finance development and the ecologicalization of urban industrial structure. Therefore, based on a comprehensive index of green finance development, this research employs panel data of target cities for the period 2012–2020 to explore the influence of green finance on the ecologicalization of urban industrial structure. And the empirical results show that green finance development significantly improves the ecologicalization level of urban industrial structure. In addition, it’s found that green finance plays a stronger role in promoting the ecologicalization of industrial structure in economically developed regions than in economically underdeveloped regions. The research results could provide valuable policy implications for urban green financial market planning and green product innovation.      
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绿色金融对城市产业结构生态化的影响——基于动态面板系统的GMM模型
虽然在影响城市产业结构生态化的各种因素的概论领域已经发表了大量的论文,但定量分析绿色金融发展与城市产业结构生态化相关性的实证研究却很少。因此,本研究在构建绿色金融发展综合指标的基础上,采用目标城市2012-2020年面板数据,探讨绿色金融对城市产业结构生态化的影响。实证结果表明,绿色金融发展显著提高了城市产业结构的生态化水平。此外,研究发现,绿色金融对经济发达地区产业结构生态化的促进作用强于经济欠发达地区。研究结果可为城市绿色金融市场规划和绿色产品创新提供有价值的政策启示。
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