Internal mechanism analysis of the financial vanishing effect on green growth: Evidence from China

Cao, Jianhong; Law, Siong Hook; Samad, Abdul; Mohamad, Wan Norhidayah W.

doi:10.1016/j.eneco.2023.106579

Cited by 9 publications

(1 citation statement)

References 98 publications

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“…For example, within the context of Saudi Arabia, a non-linear inverted U-shaped correlation is observed between financial development and energy consumption [40]. Financial development has stimulated economic activities in Lebanon, subsequently leading to increased energy consumption [41]. The magnitude of financial institutions (FDS) notably hinders green growth (GG), whereas the extent of stock markets (STO) substantially fosters green growth (GG).…”

Section: Related Research On the Impact Of Financial Development On G...mentioning

confidence: 99%

How Do Financial Development and Industrial Structure Affect Green Total Factor Energy Efficiency: Evidence from China

Xu,

Wang

2024

Energies

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Improving energy efficiency is vital for addressing climate change and reducing carbon emissions in emerging economies. Financial development (FD) is crucial for economic growth, and its environmental impact and the adjustment of the industrial structure (IND) is a crucial lever in China’s economic transition period. This study explored the relationship between FD, IND, and China’s green total factor productivity (GTFEE) from 2000 to 2020 using the super-efficiency SBM-undesirable model, which estimates China’s GTFEE. The ARDL results suggest that FD and IND enhance GTFEE in the long term, with FD promoting GTFEE by facilitating industrial structure adjustments. The Dumitrescu–Hurlin panel causality tests supported this finding. The QRPD panel quantile regression and heterogeneity analysis revealed significant heterogeneity in the effects. With increasing GTFEE, FD exerts a restraining effect, gradually weakening and transitioning into a promoting effect, while the IND consistently plays a promoting role.

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Section: Related Research On the Impact Of Financial Development On G...mentioning

confidence: 99%

How Do Financial Development and Industrial Structure Affect Green Total Factor Energy Efficiency: Evidence from China

Xu,

Wang

2024

Energies

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Financial development–green growth nexus in China: the role of technological capital

Zhao

Huangfu

Chang

et al. 2023

Environ Sci Pollut Res

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Green gospel effect of regional financial expansion: evidence from urban commercial banks in China

Song

Bian

2023

Environ Sci Pollut Res

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China's local nancial expansion, represented by the development of urban commercial banks, is an important factor affecting the environmental behavior of enterprises, but previous studies have paid less attention to this.We found that both the marginal expansion and the scale expansion of local nance in China help to reduce the sulfur dioxide emission intensity and improve the environmental performance of enterprises, which indicates that there is a green gospel effect of local nancial expansion in China. In terms of the impact path, local nancial expansion can not only reduce the sulfur dioxide generation intensity, improve the front environmental performance of enterprises; but also increase the sulfur dioxide removal intensity and improve the terminal environmental performance. However, in the context of high scal pressure on local governments, local nancial expansion exacerbates sulfur dioxide emission and generation intensity of enterprises, worsening environmental performance and creating a green curse effect. Further study nds that the cross-regional expansion of urban commercial banks can strengthen the green gospel effect; the improvement of enterprises' environmental performance by local nancial expansion is mainly found in polluting industries and non-SOEs.

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Internal mechanism analysis of the financial vanishing effect on green growth: Evidence from China

Cited by 9 publications

References 98 publications

How Do Financial Development and Industrial Structure Affect Green Total Factor Energy Efficiency: Evidence from China

How Do Financial Development and Industrial Structure Affect Green Total Factor Energy Efficiency: Evidence from China

Financial development–green growth nexus in China: the role of technological capital

Green gospel effect of regional financial expansion: evidence from urban commercial banks in China

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