Evolution of spatial-temporal characteristics and financial development as an influencing factor of green ecology

This study aims to determine the impact of financial development on green ecology to promote cleaner production. Particularly, it estimates the evolution of characteristics of the green-ecology of 37 cities from the Yangtze River Delta and determines the impact of financial development on green-ecology using the projection pursuit model, Moran's Index, and regression model. Results found that the green-ecology index showed an upward trend and the index in the East was higher than the West. The green ecology and its composition indexes were found with significant spatial positive agglomeration characteristics. The Eastern region was mainly distributed as high to high agglomeration while the Western region was distributed as low to low agglomeration. Regarding composition indexes of green ecology, financial development has promoted a positive effect on the green-growth and resource-environment indexes. The study results stress that the enterprises should strengthen the technological innovation for the improvement of resource use efficiency and reduction of pollution.

Automated summary

This study examines the impact of financial development on green ecology in the cities of the Yangtze River Delta. Results show an upward trend in the green-ecology index, higher in the East compared to the West. Financial development has a positive effect on green growth and resource-environment indexes, suggesting the need for enterprises to strengthen technological innovation for improved efficiency and pollution reduction.