绿色金融、消费结构升级与区域可持续发展

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-23 DOI:10.1016/j.frl.2025.108539

Xiaoyuan Zhang , Minzhuo Li , Yaling Deng , Yuhong Tang

{"title":"绿色金融、消费结构升级与区域可持续发展","authors":"Xiaoyuan Zhang , Minzhuo Li , Yaling Deng , Yuhong Tang","doi":"10.1016/j.frl.2025.108539","DOIUrl":null,"url":null,"abstract":"<div><div>Green finance is an important means to promote the efficient use of resources while improving the quality of the ecological environment, and it is a new driving force to enhance the level of regional sustainable development. Based on the provincial panel data from 2012 to 2022, this paper constructs the index of green finance development level and regional sustainable development level by using entropy weight method, and establishes an econometric model to explore the impact of green finance development level on regional sustainable development level. The conclusions are as follows: (1) the improvement of green financial development level can promote the improvement of regional sustainable development level, and the conclusion of the impact is reliable after a series of robustness tests; (2) the improvement of green financial development level can improve the regional sustainable development level by promoting the upgrading of the consumption structure; (3) the impact of the green financial development level on the regional sustainable development level is characterized by regional heterogeneity. Based on this, this paper puts forward policy recommendations from three aspects: deepening the structural reform of the supply side of green finance, activating the green consumption market, and implementing regional differentiated green finance development strategies.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"86 ","pages":"Article 108539"},"PeriodicalIF":6.9000,"publicationDate":"2025-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Green finance, consumption structure upgrading, and regional sustainable development\",\"authors\":\"Xiaoyuan Zhang , Minzhuo Li , Yaling Deng , Yuhong Tang\",\"doi\":\"10.1016/j.frl.2025.108539\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Green finance is an important means to promote the efficient use of resources while improving the quality of the ecological environment, and it is a new driving force to enhance the level of regional sustainable development. Based on the provincial panel data from 2012 to 2022, this paper constructs the index of green finance development level and regional sustainable development level by using entropy weight method, and establishes an econometric model to explore the impact of green finance development level on regional sustainable development level. The conclusions are as follows: (1) the improvement of green financial development level can promote the improvement of regional sustainable development level, and the conclusion of the impact is reliable after a series of robustness tests; (2) the improvement of green financial development level can improve the regional sustainable development level by promoting the upgrading of the consumption structure; (3) the impact of the green financial development level on the regional sustainable development level is characterized by regional heterogeneity. Based on this, this paper puts forward policy recommendations from three aspects: deepening the structural reform of the supply side of green finance, activating the green consumption market, and implementing regional differentiated green finance development strategies.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"86 \",\"pages\":\"Article 108539\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-09-23\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325017933\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325017933","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

绿色金融是促进资源高效利用、改善生态环境质量的重要手段，是提升区域可持续发展水平的新动力。本文以2012 - 2022年省级面板数据为基础，运用熵权法构建绿色金融发展水平和区域可持续发展水平指标，并建立计量模型探讨绿色金融发展水平对区域可持续发展水平的影响。结果表明：(1)绿色金融发展水平的提升能够促进区域可持续发展水平的提升，经过一系列稳健性检验，影响结论是可靠的；(2)绿色金融发展水平的提高可以通过促进消费结构升级来提高区域可持续发展水平；(3)绿色金融发展水平对区域可持续发展水平的影响具有区域异质性。基于此，本文从深化绿色金融供给侧结构性改革、激活绿色消费市场、实施区域差别化绿色金融发展战略三个方面提出政策建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Green finance, consumption structure upgrading, and regional sustainable development

Green finance is an important means to promote the efficient use of resources while improving the quality of the ecological environment, and it is a new driving force to enhance the level of regional sustainable development. Based on the provincial panel data from 2012 to 2022, this paper constructs the index of green finance development level and regional sustainable development level by using entropy weight method, and establishes an econometric model to explore the impact of green finance development level on regional sustainable development level. The conclusions are as follows: (1) the improvement of green financial development level can promote the improvement of regional sustainable development level, and the conclusion of the impact is reliable after a series of robustness tests; (2) the improvement of green financial development level can improve the regional sustainable development level by promoting the upgrading of the consumption structure; (3) the impact of the green financial development level on the regional sustainable development level is characterized by regional heterogeneity. Based on this, this paper puts forward policy recommendations from three aspects: deepening the structural reform of the supply side of green finance, activating the green consumption market, and implementing regional differentiated green finance development strategies.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance