| How to build a resource-saving and environment-friendly society and a benign development model is one of the most important issues to be resolved at this stage in China.Against this background,the optimization and adjustment of the industrial structure has gradually become the focus of economic reform.Green finance uses financial means to protect the environment,provide financial support for the development of green industries,influence the investment direction of enterprises,promote the rational allocation of production factors,and provide a good financial environment for the rapid optimization and adjustment of industrial structure.The existing literature has made a lot of exploration on the implementation effect of green finance policies and the adjustment of industrial structure,but there are few theoretical and empirical studies on the spatial effect of green finance on the adjustment of regional industrial structure.Therefore,this paper aims to explore the role mechanism of green financial development in influencing industrial structure optimization and adjustment,and to analyze the spillover effects of regional green financial development on industrial structure optimization and adjustment from a spatial perspective.First,based on reading and organizing the relevant literature,the concepts and theories related to green finance and industrial structure are combed through,and the mechanisms and spatial mechanisms of green finance development affecting the optimization and adjustment of industrial structure are explored.Secondly,on the basis of constructing the regional green finance development evaluation indicator system,this paper measures the regional green finance development level from 2008 to 2017,and measures the level of industrial structure rationalization in the region,and further uses the coupled degree of coordination model to conduct quantitative study on the development status of both.Finally,using the level of regional green finance development as the explanatory variable,the level of regional industrial structure rationalization as the explanatory variable,and the level of R&D innovation capability,government expenditure,and human development as the control variables,a spatial Durbin model is constructed to further explore the spatial effects of regional green finance development on industrial structure adjustment based on empirical analysis.The main conclusions are as follows: First,the development level of green finance in China has generally shown an upward trend year by year,and the development level of green finance in various regions has shown a decreasing spatial development pattern of east-central-west,with the fastest growth in the central region.Secondly,there are obvious temporal and spatial divergences in the coupling and coordination between the development of green finance and the optimization and adjustment of industrial structure in China’s region.Third,at the present stage,in the benign interaction between the two systems of green financial development and industrial restructuring,the degree of coupling between the two is at the stage of friction and coordination is at the stage of transition.Fourth,the development of green finance in the province has a significant positive effect on the optimization and adjustment of the industrial structure in the region,that is,the increase in the development level of green finance in the province can significantly promote the adjustment of the industrial structure in the direction of rationalization.Fifth,provincial green finance development has a significant positive spatial spillover effect on the optimization and adjustment of the industrial structure of neighboring provinces,that is,an increase in the level of provincial green finance development can significantly promote the adjustment of the industrial structure of neighboring provinces in the direction of rationalization.Based on the empirical results,the following targeted recommendations are made: green financial policies should be constructed to match industrial restructuring,green financial product innovation should be promoted,green financial assessment mechanisms should be improved and environmental information disclosure should be strengthened.This thesis has 12 figures,17 tables,122 references... |
