Will green finance promote green development: based on the threshold effect of R&D investment
Environmental Science and Pollution Research, ISSN: 1614-7499, Vol: 29, Issue: 40, Page: 60232-60243
2022
- 34Citations
- 45Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Metrics Details
- Citations34
- Citation Indexes32
- 32
- CrossRef2
- Policy Citations2
- Policy Citation2
- Captures45
- Readers45
- 45
Article Description
Deeply understanding the driving effect of green finance on green development is of great significance to promote economic transformation and realize the long-term green development. This paper uses the entropy method and undesirable-SE-SBM model to measure provincial green finance and green development efficiency respectively from 2008 to 2018. And based on the above, the panel threshold model is constructed to discuss the nonlinear relationship between green finance and green development efficiency from the first empirical verification. The results show that ① the impact of green finance on green development has a significant single threshold effect, only when R&D investment crosses 2.810 can green finance significantly promote green development efficiency, and before that, it will suppress green development efficiency. ②At present, a few provinces in China have crossed the threshold value of R&D investment, only including Beijing, Tianjin, and Shanghai, while the R&D investment of Jiangsu, Zhejiang, Shandong, and Guangdong gradually approaches the threshold value. Therefore, improving the construction of the green financial system, correctly guiding the direction of green capital investment, and strengthening the supervision of environmental information disclosure are important.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85128330561&origin=inward; http://dx.doi.org/10.1007/s11356-022-20161-w; http://www.ncbi.nlm.nih.gov/pubmed/35419686; https://link.springer.com/10.1007/s11356-022-20161-w; https://dx.doi.org/10.1007/s11356-022-20161-w; https://link.springer.com/article/10.1007/s11356-022-20161-w
Springer Science and Business Media LLC
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