Financial Pressure,Industrial Structure Adjustment And Green Economic Efficiency

Green development has become an important development trend in today’s world.It is both an inheritance of sustainable development and a theoretical innovation of sustainable development in China.It is not only in line with the evolutionary trend of historical trends,but also an objective response to the deterioration of the global ecological environment by socialism with Chinese characteristics.In the context of the economic downturn,China’s financial pressure continues to exist and has an increasing trend.The 19 th National Congress clearly pointed out that industrial structure adjustment is an important part of China’s future and long-term development,which affects the development of green economy.Therefore,it is of great significance to study the impact of financial pressure and industrial structure adjustment on green economic efficiency.Based on a review of the literature,this paper measures financial pressure,industrial structure adjustment and green economic efficiency,establishes a GMM model to empirically study the impact of financial pressure and industrial structure adjustment on green economic efficiency,and then uses the spatial Durbin model to test whether it has spatial spillover effect.Through inspection,draws the following conclusions: First,the overall financial pressure of the whole country was at a medium level,with a relatively gentle change trend,but there was a large difference between regions;the rationalization of China’s industrial structure fluctuated steadily during the research period,and industrial structure upgrading was "N";the overall development level of green economic efficiency was at a medium level,with a tortuous change trend but an overall upward trend.Second,at the national level,At the national level,financial pressure has a significant inhibitory effect on the efficiency of green economy,the rationalization of industrial structure has a significant promoting effect on the green economy efficiency,and the upgrading of industrial structure is not significant;at the regional level,the financial pressure and the upgrading of industrial structure in the eastern and central regions both promote the efficiency of green economy,while the negative effect of financial pressure in the western region is not significant,the inhibition of industrial structure upgrading is significant.The rationalization of the industrial structure in the eastern and western regions has promoted the efficiency of green economy,while the central region has a significantly negative effect;the financial pressure,the rationalization and upgrading of industrial structure in resourcebased cities have a positive effect on green economic efficiency.The financial pressure and industrial structure upgrading of non-resource-based cities have a negative effect on green economic efficiency,and the rationalization of industrial structure has a significant role in promoting green economic efficiency.Thirdly,the spillover effect of rationalization and upgrading of industrial structure on the efficiency of green economy is significant;from the perspective of regions,the spillover effect of financial pressure in the central region is significant positive,and the spillover effect of rationalization and upgrading of industrial structure in the western region is significant.However,the indirect effect of the main core explanatory variables in the eastern region are not significant.