The Impact of Environmental Finance Development on the Growth of Environmental Protection Industry

DOI

10.2991/assehr.k.200801.062How to use a DOI?

Keywords

environmental finance, environmental protection industry, financial agglomeration, sustainable development

Abstract

Environmental protection industry is the product of the contradiction between supply and demand of natural environment and the long-term accumulation of social and economic development. In China, the environmental protection industry is changing from the initial stage to the promotion stage of establishing policy mechanism. The development of environmental protection industry cannot be separated from the support of various systems and policy means, and the financial element is one of the important driving factors. In this paper, the spatial model is used to study the development of regional finance and environmental protection industry. Through the five mechanisms of regional finance affecting the comprehensive benefit development of environmental protection industry, the panel model is used for empirical study and the relative importance of the mechanism is discussed. The main results are as follows: the comprehensive benefits of environmental protection industry show significant auto-correlation. Financial agglomeration, financial capital support, enterprise supervision and environmental finance have relatively obvious effects. Among them, financial agglomeration has the most significant effect and has positive spatial spillover effect.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Juanxia Zhao
AU  - Xinming Zhao
AU  - Yanping Ren
AU  - Minghao Wang
PY  - 2020
DA  - 2020/08/01
TI  - The Impact of Environmental Finance Development on the Growth of Environmental Protection Industry
BT  - Proceedings of the 2020 International Conference on Social Science, Economics and Education Research (SSEER 2020)
PB  - Atlantis Press
SP  - 257
EP  - 262
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200801.062
DO  - 10.2991/assehr.k.200801.062
ID  - Zhao2020
ER  -