Research on the Impact of Financial Development on Carbon Emissions: Does Industrial Structure Upgrading Matter?
- DOI
- 10.2991/978-94-6463-052-7_177How to use a DOI?
- Keywords
- Financial Development; Carbon Emissions; Industrial Structure Upgrading; Greenhouse Gas Effect
- Abstract
The purpose of the study tries to investigate the impact of financial development on carbon emissions. In addition, the study also examines the mediating effect of industrial structure upgrading on the relationship between financial development and carbon emissions. Using annual data of 283 cities in China over the period 2006 to 2019, the study employs natural logarithm of carbon emission as dependent variable and credits and deposits scaled by GDP as independent variable to financial development. The study also has mediator of industrial structure upgrading. In addition, the study adds FDI, government spending, fixed investment and population as control variables in estimation regression. The empirical results of the study reveal that financial development has a significant and negative impact on carbon emissions. The study also finds that industrial structure upgrading has a mediating effect on the relationship between financial development and carbon emissions.
- Copyright
- © 2022 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Shun-Ho Chu AU - Yichi Zhang AU - Yue Pan AU - Baoke Fan AU - Ruohan Wang AU - Jiameng Gu PY - 2022 DA - 2022/12/27 TI - Research on the Impact of Financial Development on Carbon Emissions: Does Industrial Structure Upgrading Matter? BT - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) PB - Atlantis Press SP - 1597 EP - 1606 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-052-7_177 DO - 10.2991/978-94-6463-052-7_177 ID - Chu2022 ER -