The impact and transmission mechanisms of financial agglomeration on eco-efficiency: Evidence from the organization for economic co-operation and development economies

Cui, Shibo; Wang, Zixuan

doi:10.1016/j.jclepro.2023.136219

Cited by 24 publications

(9 citation statements)

References 65 publications

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“…In model (2), the regression coefficient of financial development level is significantly negative at the 1% level, indicating that increasing the level of financial development does not significantly enhance the green economic efficiency in western China. This is consistent with the findings of Cui and Wang (2023) [ 66 ]. As China’s credit funds are more favorable to large nationalized enterprises, it is easier for ecological construction projects, green public services and green municipal facilities construction projects to receive financial support from financial institutions, which in turn enhances green ecological efficiency and green social efficiency.…”

Section: Discussionsupporting

confidence: 94%

Measurement, dynamic evolution and influencing factors of green development efficiency in western China: Based on ecological-economic-social system

Liang,

Li,

Luo

2023

PLoS ONE

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Based on the ecological-economic-social system, green development efficiency is divided into green ecological efficiency, green economic efficiency and green social efficiency. Their corresponding indicator systems are constructed, and the Super-SBM model, Super-SBM-Undesirable model and kernel density estimation are applied to measure and analyze green development efficiency and its dynamic evolution in western China from 2007 to 2019. Tobit model is constructed and used to empirically analyze the influencing factors of the green development efficiency in western China. The study shows that: (1) green ecological efficiency and green economic efficiency in western China are generally at a low level, and mainly dragged by northwest China, while green social efficiency in western China is generally at a high level, and mainly dragged by southwest China; (2) green ecological efficiency, green economic efficiency and green social efficiency in western China all show a slight trend of first decreasing and then increasing; (3) all three sub-efficiencies of green development in western China have a decreasing trend of absolute difference, right trailing and polarization; (4) the lower green ecological efficiency in western China is due to the negative impacts from the level of government intervention, the level of economic development, and foreign direct investment. The lower green economic efficiency is due to the positive impacts from population density, the level of government intervention, the level of financial development, and foreign direct investment. The higher green social efficiency is due to the positive impacts from population density, the level of financial development, the level of economic development, and the green technological innovation. The study is based on countermeasure recommendations focusing on improving green social efficiency in southwest China, as well as green ecological efficiency and green economic efficiency in northwest China, which are of reference value to promote green development more comprehensively in western China.

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Section: Discussionsupporting

confidence: 94%

Measurement, dynamic evolution and influencing factors of green development efficiency in western China: Based on ecological-economic-social system

Liang,

Li,

Luo

2023

PLoS ONE

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“…If the unexpected output is ignored, then the results of the econometric analysis will not truly and effectively reflect the actual development of the region [11]. In this study, we selected the SBM (slack-based measure) unexpected-output (non-radial) model to estimate the tourism superefficiencies of 21 cities in Guangdong Province to achieve greater output with minimal tourism investment [12]. The mathematical expression is as follows:…”

Section: Sbm-dea Modelmentioning

confidence: 99%

The Spatiotemporal Characteristics and Driving Factors of Regional Ecological Efficiency in the Tourism Sector

Deng,

Chen

2024

Sustainability

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Improving tourism’s ecological efficiency and facilitating harmony between tourism development and the ecological environment are profitable and conducive to sustainable development. In this study, we investigated the relationship between tourism’s eco-efficiency for sustainable tourism development and environmental protection by incorporating unexpected outputs to calculate tourism’s eco-efficiencies, analyzing the three-dimensional spatial variation and, finally, considering the effects of nine comprehensive factors on the extent of the spatial variation in tourism efficiencies: economic development, openness, social consumption, the digital economy, transportation infrastructure, government intervention, technological innovation, energy consumption, and passenger turnover. First, an unexpected slack-based measure model was applied to calculate the tourism ecological efficiencies of 21 cities in Guangdong Province from 2009 to 2021. Second, the natural breakpoint method and trend surface analysis were used to identify the spatiotemporal differences in and spatial trends of these tourism ecological efficiencies. Finally, the geographical detector model was utilized to analyze the elements affecting the spatial and temporal differences in the tourism ecological efficiencies. Overall, the tourism ecological efficiencies of 21 cities in Guangdong Province are at a high level, showing obvious spatiotemporal changes. Compared with 2009 and 2021, the overall tourism ecological efficiencies of 21 cities in Guangdong Province shifted from a trend of high in the north, low in the south, low in the west, and high in the east to a trend of low in the north, low in the south, high in the west, and low in the east. The distribution in the north–south and east–west directions is in a “U” shape, and the spatial differences in the north–south and east–west directions are relatively significant. We suggest considering the roles of factors such as the development of the digital economy, the level of government intervention, the level of technical innovation, the driving force of transportation, the standard of the transportation infrastructure, and the standard of social consumption. This study provides a constructive approach to elevating the tourism ecological efficiencies of 21 cities in Guangdong Province with regards to the nine driving factors.

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“…Second, there will be a discussion of factors in uencing EE. It mainly includes industrial structure (Han et al, 2021), urbanization (Yao et al, 2021), natural resources (Wang et al, 2022), environmental regulation (Qin et al, 2021) and nancial agglomeration (Cui and Wang, 2023). Third, the temporal and spatial difference analysis of EE.…”

Section: Introductionmentioning

confidence: 99%

Can green finance improve eco-efficiency? New Insights from China

Lee,

2024

Preprint

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Achieving economic development and ecological protection simultaneously is an inevitable selection for sustainable development in today's world, so it is crucial to improve eco-efficiency (EE). According to Chinese panel data at the provincial level between 2010 and 2020, this research explores the nexus between green finance (GF) and EE. The results denote that GF can significantly improve EE, and the higher the level of EE, the stronger the effect of improvement. The upgrading of industrial structure, optimization of energy structure, enterprises' concern for environmental protection and the public's attention to the environment are all favorable factors that can enhance the promotion effect of GF on EE. Additionally, this facilitation can only be played under a good external environment and mature internal conditions. Our findings can provide new insights for improving EE by developing GF.

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The impact and transmission mechanisms of financial agglomeration on eco-efficiency: Evidence from the organization for economic co-operation and development economies

Cited by 24 publications

References 65 publications

Measurement, dynamic evolution and influencing factors of green development efficiency in western China: Based on ecological-economic-social system

Measurement, dynamic evolution and influencing factors of green development efficiency in western China: Based on ecological-economic-social system

The Spatiotemporal Characteristics and Driving Factors of Regional Ecological Efficiency in the Tourism Sector

Can green finance improve eco-efficiency? New Insights from China

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