Baolin Ma , Yongxin Li , Bo Zhou , Yaode Jian , Cheng Zhang , Jin An
{"title":"中国京津冀协同发展战略的绿色发展机制：绿色金融的新证据","authors":"Baolin Ma , Yongxin Li , Bo Zhou , Yaode Jian , Cheng Zhang , Jin An","doi":"10.1016/j.iref.2025.103941","DOIUrl":null,"url":null,"abstract":"<div><div>The Beijing-Tianjin-Hebei (BTH) coordinated development strategy is one of the most notable policy attempts made by the Chinese central government to achieve regional coordinated green development. Utilizing panel data of China's 30 provinces from 2000 to 2019, this paper employs the regression control method to investigate the effect and mechanism of the BTH coordinated development strategy on green development. Empirical evidence reveals that the BTH coordinated development strategy has a significant positive effect on green development in Beijing and Tianjin. However, the effect in Hebei is not statistically significant. This study further finds that green finance can explain this heterogeneity. The BTH coordinated development strategy promotes green development in Beijing and Tianjin by promoting the development of green finance, but the strategy fails to boost the development of green finance in Hebei. Thus, the strategy cannot contribute to green development in Hebei.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"98 ","pages":"Article 103941"},"PeriodicalIF":5.6000,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The green development mechanism of the Beijing-Tianjin-Hebei coordinated development strategy in China: Novel evidence of green finance\",\"authors\":\"Baolin Ma , Yongxin Li , Bo Zhou , Yaode Jian , Cheng Zhang , Jin An\",\"doi\":\"10.1016/j.iref.2025.103941\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>The Beijing-Tianjin-Hebei (BTH) coordinated development strategy is one of the most notable policy attempts made by the Chinese central government to achieve regional coordinated green development. Utilizing panel data of China's 30 provinces from 2000 to 2019, this paper employs the regression control method to investigate the effect and mechanism of the BTH coordinated development strategy on green development. Empirical evidence reveals that the BTH coordinated development strategy has a significant positive effect on green development in Beijing and Tianjin. However, the effect in Hebei is not statistically significant. This study further finds that green finance can explain this heterogeneity. The BTH coordinated development strategy promotes green development in Beijing and Tianjin by promoting the development of green finance, but the strategy fails to boost the development of green finance in Hebei. Thus, the strategy cannot contribute to green development in Hebei.</div></div>\",\"PeriodicalId\":14444,\"journal\":{\"name\":\"International Review of Economics & Finance\",\"volume\":\"98 \",\"pages\":\"Article 103941\"},\"PeriodicalIF\":5.6000,\"publicationDate\":\"2025-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Economics & Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1059056025001042\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"2025/2/7 0:00:00\",\"PubModel\":\"Epub\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056025001042","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/2/7 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The green development mechanism of the Beijing-Tianjin-Hebei coordinated development strategy in China: Novel evidence of green finance
The Beijing-Tianjin-Hebei (BTH) coordinated development strategy is one of the most notable policy attempts made by the Chinese central government to achieve regional coordinated green development. Utilizing panel data of China's 30 provinces from 2000 to 2019, this paper employs the regression control method to investigate the effect and mechanism of the BTH coordinated development strategy on green development. Empirical evidence reveals that the BTH coordinated development strategy has a significant positive effect on green development in Beijing and Tianjin. However, the effect in Hebei is not statistically significant. This study further finds that green finance can explain this heterogeneity. The BTH coordinated development strategy promotes green development in Beijing and Tianjin by promoting the development of green finance, but the strategy fails to boost the development of green finance in Hebei. Thus, the strategy cannot contribute to green development in Hebei.
期刊介绍：
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.
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