Will green finance promote green development: based on the threshold effect of R&amp;D investment

Zhang, Jijian; Li, Fengqin; Ding, Xuhui

doi:10.1007/s11356-022-20161-w

Cited by 32 publications

(12 citation statements)

References 47 publications

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“…As for control variables, there is a significantly negative relationship between economic growth and GDE, which implies the contradiction between economic development and environmental protection. The relation between financial development and GDE is not significant, which indicates that the function of financial growth to promote green production is not obvious in China (Zhang et al 2022 ). The relationship between FDI and GDE is also insignificant, showing the offsetting results of “pollution halo” (Ritika 2013 ) and”pollution paradise” (Ayamba et al 2019 ).…”

Section: Findings and Discussionmentioning

confidence: 99%

The effect of mandatory environmental regulation on green development efficiency: evidence from China

Zhan

Guo

Pan

2022

Environ Sci Pollut Res

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The existing literature finds that mandatory environmental regulation (MER) can significantly reduce environmental pollution. However, much less is known about how the implementation of MER affects green development efficiency (GDE). Based on the Air Pollution Control Action Plan which was enforced in 2013 in China’s most developed regions as an exogenous shock, we find that first, MER has a significant negative effect on the improvement of GDE by reducing regional scale efficiency. Second, MER mainly reduces the GDE of cities with stronger regulation intensities and with larger economic volumes. Third, MER also has a negative impact on regional green total factor productivity by changing technical progress. We suggest that when implementing MER, governments should enhance regional and global cooperation, promote green technology, and use comprehensive policy tools to stimulate firms’ green innovation.

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Section: Findings and Discussionmentioning

confidence: 99%

The effect of mandatory environmental regulation on green development efficiency: evidence from China

Zhan

Guo

Pan

2022

Environ Sci Pollut Res

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“…Many studies have studied how green funding affects green innovation and if it promotes sustainable technology. They've studied green bonds, green banking, and green finance reform laws, offering empirical evidence that financial incentives combined with green practices can stimulate environmental innovation [16,41,44,47,52,64,70,81,87,107,133,152,162].…”

Section: Green Finance and Innovationmentioning

confidence: 99%

Emerging new themes in green finance: a systematic literature review

Mudalige

2023

Futur Bus J

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There is a need for an extensive understanding of the emerging themes and trends within the domain of green finance, which is still evolving. By conducting a systematic literature review on green finance, the purpose of this study is to identify the emerging themes that have garnered significant attention over the past 12 years. In order to identify the emerging themes in green finance, bibliometric analysis was performed on 978 publications that were published between 2011 and 2023 and were taken from the databases of Scopus and Web of Science. The author examined annual scientific production, journal distribution, countries scientific production, most relevant authors, most frequent words, areas where empirical research is lacking, words' frequency over time, trend topics, and themes of green finance. The outcome of the review identified the following seven themes: (i) green finance and environmental sustainability; (ii) green finance and investments; (iii) green finance and innovation; (iv) green finance policy/green credit guidelines; (v) green finance and economy; (vi) green finance and corporate social responsibility; (vii)trends/challenges/barriers/awareness of green finance. The analysis of these emerging themes will contribute to the existing corpus of knowledge and provide valuable insights into the landscape of green finance as it evolves.

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“…Secondly, due to its unique loan conditions, green finance will have a corresponding loan threshold when providing services to enterprises. After receiving the loan, enterprises will also be supervised by regulatory authorities to monitor whether the enterprise loan is used for green projects, so there is often a threshold effect in the process of promoting

in green finance [ 34 , 35 , 36 ]. In order to obtain capital loans, enterprises need to purchase equipment and upgrade corresponding green technologies to meet the requirements of green development, which will increase the cost burden on enterprises in the short term [ 37 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the Mechanism of the Impact of Green Finance and Digital Economy on China’s Green Total Factor Productivity

Guo

Zhang

Liu

2022

IJERPH

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In the context of the “double cycle,” promoting the development of a green economy is an important goal for China’s high-quality economic development in the digital age. This paper uses data from 30 provinces (municipalities and autonomous regions) in China during the 2006–2019 period using the Compiled Green Finance Index (GF) and Digital Economy Index (DE). The interrelationship between green finance, digital economy and green total factor productivity (GTFP) is empirically tested by conducting multiple regressions on panel data from 2006–2019 to perform an empirical analysis. Based on this, further analysis was performed with the threshold model. This study found that green finance and digital economy can contribute well to green total factor productivity, but the combination of the two does not have a good effect on green total factor productivity. Further study found that the green finance and digital economy’s contribution to green total factor productivity is mainly derived from technological progress. The regression results based on the panel threshold model show that the more underdeveloped the digital economy is in certain regions, the stronger the role of green finance in promoting efficiency improvement. Therefore, policymakers should formulate differentiated green financial policies according to the level of development of the digital economy and give play to the role of green finance and the digital economy in promoting green total factor productivity.

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Will green finance promote green development: based on the threshold effect of R&D investment

Cited by 32 publications

References 47 publications

The effect of mandatory environmental regulation on green development efficiency: evidence from China

The effect of mandatory environmental regulation on green development efficiency: evidence from China

Emerging new themes in green finance: a systematic literature review

Exploring the Mechanism of the Impact of Green Finance and Digital Economy on China’s Green Total Factor Productivity

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