Proceedings of the 4th International Conference on Public Administration, Health and Humanity Development (PAHHD 2024)

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Relationship between China’s Green Finance and Industrial Structure Upgrading Based on the Double Difference Model

Authors
Yingying Zhou1, Panpan Meng1, *, Fengyi Lei1, Wanxuan Sun1
1School of Economics and Management, China University of Mining and Technology, Xuzhou, Jiangsu, 22116, China
*Corresponding author. Email: mengpanpan@cumt.edu.cn
Corresponding Author
Panpan Meng
Available Online 21 October 2024.
DOI
10.2991/978-2-38476-295-8_8How to use a DOI?
Keywords
Green finance; Industrial structure; Double difference model; Financing constraints; technological innovation
Abstract

Promoting the comprehensive green transformation of the economy and society, and deeply adjusting the industrial structure are of utmost importance in achieving the “dual carbon” goals. Green finance has the function of resource allocation, guiding funds to flow into the green environmental protection industry, thereby promoting the coordinated development of the economy and environment, and has a crucial impact on the upgrading of the industrial structure. This article uses the provincial panel data of China as the research sample, constructs a bidirectional fixed effects continuous double difference model, and uses regional differences in the degree of green finance development to estimate the impact of green finance development on industrial structure upgrading. Research has found that the development of green finance has a significant impact on the upgrading of China’s industrial structure, especially in the central and eastern regions where the promotion of green finance on industrial structure upgrading is significant. Further suggestions were put forward to promote the synergy between green finance and environmental regulations, taking into account China’s actual situation, in order to achieve industrial structure upgrading.

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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Volume Title
Proceedings of the 4th International Conference on Public Administration, Health and Humanity Development (PAHHD 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
21 October 2024
ISBN
978-2-38476-295-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-295-8_8How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Yingying Zhou
AU  - Panpan Meng
AU  - Fengyi Lei
AU  - Wanxuan Sun
PY  - 2024
DA  - 2024/10/21
TI  - Relationship between China’s Green Finance and Industrial Structure Upgrading Based on the Double Difference Model
BT  - Proceedings of the 4th International Conference on Public Administration, Health and Humanity Development (PAHHD 2024)
PB  - Atlantis Press
SP  - 60
EP  - 68
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-295-8_8
DO  - 10.2991/978-2-38476-295-8_8
ID  - Zhou2024
ER  -