气候政策不确定性与协同产业集聚：金融发展的作用？

IF 2.8 2区经济学 Q2 BUSINESS, FINANCE

Journal of International Money and Finance Pub Date : 2025-01-17 DOI:10.1016/j.jimonfin.2025.103282

Qunxi Kong , Ziqi Wang , Peipei Wu , Dan Peng

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引用次数: 0

摘要

全球气候变化的加剧和气候政策的不确定性已经严重影响了经济发展，特别是在产业结构优化方面。本文利用2003 - 2019年中国地级以上城市的面板数据，分析了气候政策不确定性、金融发展和协同产业集聚之间的关系。结果表明，气候政策的不确定性对制造业和生产性服务业协同集聚具有显著的负面影响，特别是在经济发达和城市化程度较高的东部地区。此外，气候政策不确定性与集聚之间存在u型非线性关系。金融发展水平显著缓解了气候政策不确定性对产业集聚的负面影响，有利于产业集聚的稳定性和可持续性。建议提高气候政策的透明度和稳定性，加强金融体系建设，促进区域协调发展，促进产业协同集聚，缓解气候政策不确定性带来的不利影响。

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Climate policy uncertainty and synergistic industrial agglomeration: What role does financial development play?

The intensification of global climate change and the uncertainty surrounding climate policies have significantly impacted economic development, particularly in the optimization of industrial structures. We analyze the relationship between climate policy uncertainty (CPU), financial development, and synergistic industrial agglomeration, utilizing panel data from cities at or above the prefectural level in China from 2003 to 2019. The results indicate that climate policy uncertainty has a significant negative effect on the synergistic agglomeration of manufacturing and productive services, particularly in the economically developed and highly urbanized eastern region. Furthermore, a U-shaped nonlinear relationship exists between climate policy uncertainty and agglomeration. Additionally, the level of financial development significantly mitigates the negative impact of climate policy uncertainty on industrial agglomeration, contributing to its stability and sustainability. We suggest that enhancing the transparency and stability of climate policies, strengthening the financial system, and promoting coordinated regional development can foster synergistic industrial agglomeration and alleviate the adverse effects of climate policy uncertainty.

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来源期刊

Journal of International Money and Finance BUSINESS, FINANCE-

CiteScore

4.20

自引率

4.00%

发文量

141

期刊介绍： Since its launch in 1982, Journal of International Money and Finance has built up a solid reputation as a high quality scholarly journal devoted to theoretical and empirical research in the fields of international monetary economics, international finance, and the rapidly developing overlap area between the two. Researchers in these areas, and financial market professionals too, pay attention to the articles that the journal publishes. Authors published in the journal are in the forefront of scholarly research on exchange rate behaviour, foreign exchange options, international capital markets, international monetary and fiscal policy, international transmission and related questions.