Will green finance promote green development: based on the threshold effect of R&D investment.
Green development efficiency
Green finance
Panel threshold model
R&D investment
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Aug 2022
Aug 2022
Historique:
received:
21
02
2022
accepted:
05
04
2022
pubmed:
15
4
2022
medline:
2
9
2022
entrez:
14
4
2022
Statut:
ppublish
Résumé
Deeply understanding the driving effect of green finance on green development is of great significance to promote economic transformation and realize the long-term green development. This paper uses the entropy method and undesirable-SE-SBM model to measure provincial green finance and green development efficiency respectively from 2008 to 2018. And based on the above, the panel threshold model is constructed to discuss the nonlinear relationship between green finance and green development efficiency from the first empirical verification. The results show that ① the impact of green finance on green development has a significant single threshold effect, only when R&D investment crosses 2.810 can green finance significantly promote green development efficiency, and before that, it will suppress green development efficiency. ②At present, a few provinces in China have crossed the threshold value of R&D investment, only including Beijing, Tianjin, and Shanghai, while the R&D investment of Jiangsu, Zhejiang, Shandong, and Guangdong gradually approaches the threshold value. Therefore, improving the construction of the green financial system, correctly guiding the direction of green capital investment, and strengthening the supervision of environmental information disclosure are important.
Identifiants
pubmed: 35419686
doi: 10.1007/s11356-022-20161-w
pii: 10.1007/s11356-022-20161-w
doi:
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
60232-60243Subventions
Organisme : National Natural Science Foundation of China
ID : 71673117
Organisme : National Natural Science Foundation of China
ID : 72004082
Informations de copyright
© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
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