Research on the impact of green finance on the upgrading of China's regional industrial structure from the perspective of sustainable development

Wang, Xinyue; Wang, Qing

doi:10.1016/j.resourpol.2021.102436

Cited by 284 publications

(111 citation statements)

References 10 publications

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“…In contrast, the level of trade openness has a significant inhibitory impact on the industrial structure upgrading of the YRD. It is worth noting that this result is different from the conclusion obtained by Wang et al [66]. They reported that trade openness can not only promote the upgrading of local industrial structure but also radiate to other regions and further promote the development of its industry.…”

Section: Discussioncontrasting

confidence: 90%

Does Regional Development Policy Promote Industrial Structure Upgrading? Evidence from the Yangtze River Delta in China

Zhang

Chen

2022

Sustainability

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The “Regional Development Plan of the Yangtze River Delta (YRD)”, or the “YRD Development Policy”, is a national policy of China aimed at promoting industrial structure upgrading and the high-quality development of the regional economy in the YRD. To test the implementation effect of this policy, this work applied the synthetic control method (SCM) to explore the impact of the YRD Development Policy on industrial structure upgrading in the YRD based on 15-year panel data of 30 provinces in mainland China. The results showed that, as a whole, the implementation of the YRD Development Policy has contributed to industrial structure upgrading in the YRD. The trend of industrial structure upgrading is more rapid in the original YRD than in the new YRD. From a local perspective, the YRD Development Policy has hindered the upgrading of the industrial structure in Anhui Province but promoted upgrading in the rest of the YRD. From a long-term perspective, the effectiveness of the YRD Development Policy is limited, presenting a clear N-shaped development trend. In terms of industrial structure changes, the impact of the YRD Development Policy on the three types of industries in the YRD shows obvious regional differences. Furthermore, economic development, urbanization, and technology innovation have a significant and positive impact on the industrial structure upgrading of the YRD. These findings have policy-making implications, enrich the research on the impact of the YRD Development Policy on industrial structure upgrading, and provide empirical reference for subsequent policy improvements.

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Section: Discussioncontrasting

confidence: 90%

Does Regional Development Policy Promote Industrial Structure Upgrading? Evidence from the Yangtze River Delta in China

Zhang

Chen

2022

Sustainability

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“…Easy-to-transform or green enterprises successfully achieve transformation and expansion with low-interest green credit, driving the optimization of TFCEP. Although environmental regulation has been continuously strengthened and the scale of green credit has continued to expand, the allocation efficiency of green credit and the internal contradictions with other environmental regulation policies continue to emerge, which are embodied in: (1) Although green finance has been proved to be able to promote carbon emission reduction and economic growth [ 8 , 32 , 33 ], GC may restrain further optimization of TFCEP because TFCEP reflects the hedging between expected and undesirable outputs with the same factor input, especially when the economic growth driven by GC and the carbon emission reduction stimulated by GC are not synchronized or are taking a reversed trend. (2) The essence of GC is capital lending, so the repayment ability of borrowers decides whether commercial banks lend or not.…”

Section: Results and Analysismentioning

confidence: 99%

“…The policies and low interest rates of GC will guide enterprises to transfer to clean and environmentally friendly industries [ 45 ] and increase the financing costs of high-energy-consumption and high-pollution enterprises. A strict information disclosure policy can effectively reduce the risk of information asymmetry, fully improve the allocation efficiency of financial resources, and promote the advancement of clean energy industrial structure [ 8 ]. The flow of GC funds can actively convey the value concept of green economy to the society, and GC policy can effectively guide start-ups to energy conservation and environmental protection industries and further optimize the regional industrial structure.…”

Section: Theoretical Analysis and Research Hypothesesmentioning

confidence: 99%

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Green Credit and Total Factor Carbon Emission Performance—Evidence from Moderation-Based Mediating Effect Test

Cao

Niu

2022

IJERPH

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To achieve China’s new development pattern and the “dual carbon” goals, it is necessary to boost emission reduction and high-quality economic development simultaneously. Green credit (GC), consisting of environmental regulation and economic leverage, has a profound impact on improving total factor carbon emission performance (TFCEP). By selecting the panel data of 30 provinces and municipalities in China from 2001 to 2020, this paper constructs a series of panel models to analyze the transmission path of GC to TFCEP. The results indicate that the relationship between GC and TFCEP showed an “inverted-U-shaped” relationship. This is mainly because “energy-saving and emission reduction” first appeared in the government planning outline in 2006, and transition-friendly enterprises successfully transformed with low-interest green credit, thereby effectively improving their TFCEP. However, as environmental regulations continue to increase and the scale of green credit continues to expand, the efficiency of green credit allocation and internal conflicts with other environmental regulation policies are also emerging. At the same time, the advancement of industrial structure and green technology innovation had a significant mediating effect between GC and TFCEP; government quality has a strong moderating effect on the second stage of the mediating process. When GC reaches a certain scale, it tends to restrain TFCEP more in central and western China than in eastern China. Therefore, it is of great significance to continuously increase the scale of GC, promote the advancement of clean energy industrial structure, and improve green technology innovation.

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“…Regional finance is all regional rights and obligations in the context of administering regional government which can be valued in money, including all forms of wealth related to these rights and obligations (Lv et al, 2021;Wang & Wang, 2021). The framework of the Regional Revenue and Expenditure Budget.…”

Section: Introductionmentioning

confidence: 99%

Assessing the Ethical Behavior of Accounting Accounts Through the Application of the Tri Kaya Parisudha Philosophy on Equity Sensitivity and Ethical Sensitivity

Dewi

Ferayani

2021

IJSSB

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The government must pay attention to the ability of its employees because it has accountability that can develop a sound and well-established reporting system. The government must pay attention to the ability of its employees because it has accountability that can develop a sound and well-established reporting system. The purpose of this study was to examine the sensitivity and ethics to the behavior of accounting actors and to examine the philosophy of Tri Kaya Parisudha, which is one of the local variables of the Balinese Hindu genus which can strengthen the effect of sensitivity and sensitivity on ethical behavior. The method used in this research is the Component-based SEM, Partial Least Square (PLS) analysis method. A questionnaire technique was used as a data collection tool to obtain data. Questionnaires will be distributed to 25 OPD Bangli Regency. The test results show empirical evidence that equity sensitivity has a significant positive effect on the behavior of accounting actors. Second, ethical sensitivity has a significant positive effect on the ethical behavior of accounting actors. Third, the philosophy of Tri Kaya Parisudha strengthens the influence of ethical sensitivity on the behavior of ethical accounting actors. Fourth, Tri Kaya Parisudha's philosophy strengthens the influence of ethical sensitivity on the behavior of ethical accounting actors.

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Research on the impact of green finance on the upgrading of China's regional industrial structure from the perspective of sustainable development

Cited by 284 publications

References 10 publications

Does Regional Development Policy Promote Industrial Structure Upgrading? Evidence from the Yangtze River Delta in China

Does Regional Development Policy Promote Industrial Structure Upgrading? Evidence from the Yangtze River Delta in China

Green Credit and Total Factor Carbon Emission Performance—Evidence from Moderation-Based Mediating Effect Test

Assessing the Ethical Behavior of Accounting Accounts Through the Application of the Tri Kaya Parisudha Philosophy on Equity Sensitivity and Ethical Sensitivity

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