4.7 Article

The spatial spillover effects of green finance on ecological environment-empirical research based on spatial econometric model

Journal

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 28, Issue 5, Pages 5651-5665

Publisher

SPRINGER HEIDELBERG
DOI: 10.1007/s11356-020-10961-3

Keywords

Green finance 1; Ecological environment 2; Spatial spillover effect 3; Spatial econometric model 4

Funding

  1. General Projects of the National Social Science Fund of National Planning Office for Philosophy and Social Sciences, Research on the structural reform path of supply side of the tea industry in China under the background of One belt and One road [17BJY021]

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The development of green finance has a positive impact on improving the local ecological environment and also has a significant positive spatial spillover effect on surrounding areas.
Correct understanding of the positive role and mechanism of green finance in promoting ecological environment is an important premise and guarantee for promoting green finance to better serve the improvement of ecological environment. Based on the panel data of 31 provinces (municipalities and autonomous regions) in China from 2009 to 2017, this paper constructs a spatial Dubin model based on the distance weight matrix and empirically analyzes the impact of green finance on the ecological environment and its spatial spillover effects. The empirical results show that (1) the development of green finance promotes the improvement of the ecological environment in this region and (2) the influence of green finance on the ecological environment has a significant positive spatial spillover effect, that is, the development of green finance in this region will promote the improvement of the ecological environment in the surrounding areas.

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