Research On The Coupling Development Of Green Finance And Circular Economy In The Western Region

After the rapid growth since the reform and opening up,China's economic development has made significant breakthroughs.However,the environmental pollution caused by excessive energy consumption makes our country face the dual constraints of resources and environment.Recycling economy takes into account both economic development and environmental protection.It is an important way to achieve sustainable economic and social development to maximize the benefits of economic and social development on the basis of reducing resource consumption and protecting the environment.As the core and hub of modern market economy,finance plays a huge supporting role in the development of circular economy.Green finance and circular economy have a logical relationship of mutual promotion and common development.Therefore,in order to achieve the coordinated development of economy,environment and society,it is very important to study the coupling relationship between green finance and circular economy.Taking the western region as the research object,this paper analyses the mechanism of the coupling development of green finance and circular economy from 2014 to 2016.Firstly,the paper describes the development status of green finance and circular economy,theoretically analyses the logical relationship between green finance and circular economy,and re-examines the constraints faced by the coupling development of green finance and circular economy;Then,by selecting relevant indicators,we construct a comprehensive index evaluation system of green finance and circular economy in 11 provinces(except Tibet)in Western China,establish an empirical model,evaluate green finance and circular economy by means of entropy method,clarify the interaction mechanism between green finance and circular economy in Western China,and use panel data model to evaluate green finance and circular economy.Regression analysis of economic coupling development;Finally,according to the results of empirical analysis,the feasibility suggestions for the coupling development of green finance and circular economy in Western China are put forward from different perspectives.The results show that:(1)After years of development,11 provinces in Western China have made certain progress in circular economy,but the overall level of green finance development is low and the difference is large.(2)The coupling degree and coordination degree of green finance and circular economy in the western provinces are good as a whole,all of them reach a highly coupled state,and the coupling coordination degree among the systems has been increasing continuously for three years,showing a continuous trend of development.(3)In the circular economy system,the main indicators affecting the development of green finance are the comprehensive utilization rate of solid industrial waste,the discharge of industrial wastewater,the disposal of industrial solid waste,the per capita net income of rural residents,and the registered unemployment rate in cities and towns;In the green financial system,the green credit balance has the most significant impact on the circular economy.Focusing on these indicators will contribute to the coupling development of green finance and circular economy.