Research on the Impact of Green Credit on Green Economic Growth in the Yangtze River Delta

DOI

10.2991/978-94-6463-218-7_13How to use a DOI?

Keywords

Green credit; Green economic growth; Yangtze River Delta; Influence path

Abstract

Green finance has had a vigorous growing trend in China in the last few years. Green credit as the main tool for developing green finance makes essential contributions to the growth of a green economy. Thus, exploring how green credit affects green economic growth, and then making targeted green credit development policies, is of great significance to China to establish a mature green finance system. This study selects the Yangtze River Delta, which is a prior developer of green credit in China, as the study area, uses the DEA model and Malmqulist-Luenberger index to measure green economic growth, and uses panel data of the four provinces in this region from 2006 to 2020 to study the specific impact of green credit on the local green economy. The following conclusions are reached: (1) Green credit level in the Yangtze River Delta significantly affects local green economic growth. (2) The promoting effect of green credit level on green economic growth is realized through technical efficiency, instead of technical progress. (3) The regression results of the one-period lag term of green total factor productivity are insignificant, possibly because the local green economy has not formed a stable growth mechanism. Accordingly, this paper puts forward corresponding policy suggestions.

Copyright

© 2023 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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TY  - CONF
AU  - Danying Chen
PY  - 2023
DA  - 2023/08/16
TI  - Research on the Impact of Green Credit on Green Economic Growth in the Yangtze River Delta
BT  - Proceedings of the 2023 2nd International Conference on Urban Planning and Regional Economy (UPRE 2023)
PB  - Atlantis Press
SP  - 108
EP  - 116
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-218-7_13
DO  - 10.2991/978-94-6463-218-7_13
ID  - Chen2023
ER  -