A race between economic growth and carbon emissions: What play important roles towards global low-carbon development?

Financing Constraints, Carbon Emissions and High-Quality Urban Development—Empirical Evidence from 290 Cities in China

“…Based on this comprehensive literature and theoretical mechanism analysis, we can judge as follows: (1) Financing constraints are an important factor affecting high-quality urban development, but debates on whether the final results are suppressed or promoted remain. (2) The effect of financing constraints on carbon emissions and carbon emissions on high-quality urban development is uncertain, and the effect of financing constraints on highquality urban development through carbon emissions is uncertain. Therefore, this paper tries to include "financing constraints, carbon emission, and high-quality urban development" into a unified analysis framework using the Chinese mainland's 290 prefecture-level cities as the research sample to investigate the direct effect of financing constraints on high-quality urban development, explore the role of carbon emissions in the process of financing constraints affecting the high-quality development of cities, and provide a policy basis for the alleviation of financing constraints, the achievement of dual-carbon goals, and the path to high-quality urban development in the next stage.…”

“…If the coefficient θ 1 is not significant, it indicates that the intermediary effect is not tenable, and there is no need for subsequent regression. The second step is to estimate based on model (2) and test the significance of the regression coefficient ϕ 1 between financing constraints (fc) and carbon emissions (co2). Thirdly, based on the estimation results of model (3), if the coefficients α 1 and coefficients α 2 have a certain significance level, and α 1 is reduced compared with θ 1 , it indicates that there is some intermediary effect.…”

“…Global climate change caused by carbon emissions has also become the focus of attention all over the world [1]. The academic community has increasingly deepened research on the relationship between economic development and carbon emissions [2]. At the same time, with the background of global economic weakness, the social financing environment has become another leading factor affecting economic development.…”

“…Most existing scholars measure high-quality development from total factor productivity, and it is generally believed that financing constraints have inhibitory effects on total factor productivity [10]. Some scholars have objected that the improvement of financing constraints does not improve high-quality development [11], and that financing constraints even aid high-quality development [12,13]; (2) Regarding the effect of financing constraints on carbon emissions, most scholars believe that financing constraints may limit the intensity of regional capital investment and are inconducive to green technology innovation, which will increase carbon emissions [14,15]. Few scholars believe that moderate financing constraints will force managers to concentrate on superior capital for technological innovation [16,17], therefore easing carbon emissions; (3) Regarding the effect of carbon emissions on high-quality urban development, the premise of carbon emissions is energy consumption.…”

The effect of resource abundance on Chinese urban green economic growth: A regional heterogeneity perspective

“…where * denotes the GECO of a DMU under the assumption of CRS. x m0 ,y q0 , and b f 0 denote the value of input, desirable output, and undesirable output, respectively; s x m ,s y q , and s b f represent the slack vectors of input, desirable output, and undesirable output, respectively; is the intensity vector of the convex set of input and output in the production function set (Liu et al, 2020;Yang et al, 2021). Furthermore, Equation (3) can be written as follows:…”