Can green finance promote urban green development? Evidence from green finance reform and innovation pilot zone in China
Environmental Science and Pollution Research, ISSN: 1614-7499, Vol: 30, Issue: 5, Page: 12041-12058
2023
- 64Citations
- 109Captures
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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
- Citations64
- Citation Indexes64
- CrossRef64
- 63
- Captures109
- Readers109
- 109
Article Description
This study aims to evaluate the effect of the green finance reform and innovation pilot zone (GFPZ) policy on urban green development. Based on city-level panel data in China from 2012 to 2019, a difference-in-differences model was employed to examine the effects of China’s GFPZ policy on the city’s green total factor productivity (GTFP). Results show that (1) the GFPZ policy has promoted the GTFP of pilot cities, a conclusion that still holds after performing multiple robustness tests. (2) Compared to non-pilot cities, the GFPZ policy can increase urban GTFP by promoting urban green innovation and reducing urban energy intensity. (3) The GFPZ policy had a more significant impact on mega cities and resource-based cities than on medium and big-sized cities and non-resource-based cities. This study provides new empirical evidence on how green finance influences urban green development and offers China’s experience to policymakers worldwide to develop green finance in top-level policy design and practice.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85138257655&origin=inward; http://dx.doi.org/10.1007/s11356-022-22886-0; http://www.ncbi.nlm.nih.gov/pubmed/36103065; https://link.springer.com/10.1007/s11356-022-22886-0; https://dx.doi.org/10.1007/s11356-022-22886-0; https://link.springer.com/article/10.1007/s11356-022-22886-0
Springer Science and Business Media LLC
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