Impact of China’s Green Finance Development on the Upgrading of Industrial Structure Based on Spatial Panel Model

DOI

10.2991/978-94-6463-546-1_19How to use a DOI?

Keywords

Green finance; Industrial structure; Panel model

Abstract

Due to the spatial liquidity of green finance, the level of green finance in the local area will have an impact on the level of green finance in its neighboring areas; Furthermore, when the level of industrial structure upgrading in a certain region is high, neighboring areas will imitate the level of industrial structure in that region, which will also have an impact on its industrial structure upgrading. Therefore, studying the spatial correlation between regional industrial structure upgrading and green finance is of great significance. This article uses provincial panel data from 2010 to 2021 in China as the research sample. After conducting spatial correlation tests and spatial econometric model selection tests, the dynamic Durbin spatial panel model with bidirectional fixed effects is used to analyze the spatial effects of green finance in industrial structure upgrading. The research results found that in the short term, green finance has significant direct and total effects in industrial structure upgrading, but the indirect effects are not significant. In the long run, the positive direct effect, indirect effect, and total effect of green finance on industrial structure upgrading are significant, indicating that the development of green finance has a significant promoting effect on industrial structure upgrading in all regions in the long run.

Copyright

© 2024 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.

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TY  - CONF
AU  - Yingying Zhou
AU  - Xiaoqian Jing
AU  - Fengyi Lei
AU  - Jing Jin
AU  - Fengran Lu
PY  - 2024
DA  - 2024/10/27
TI  - Impact of China’s Green Finance Development on the Upgrading of Industrial Structure Based on Spatial Panel Model
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 172
EP  - 179
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_19
DO  - 10.2991/978-94-6463-546-1_19
ID  - Zhou2024
ER  -