Research On The Influence Of Green Credit On The Upgrading Of Industrial Structure

Since the reform and opening up,China’s economy has developed rapidly,but the environmental problems are more and more serious.Environmental pollution has gradually become the biggest obstacle to China’s economic development.Under the leadership of The Party Central Committee with Comrade Xi Jinping,beautiful scenery has been increasingly emphasized in our country.Although China’s industrial structure has gradually changed to the mode of "three,two,one",the proportion of primary and secondary industries in China is still relatively high compared with developed countries.In this context,as the mainstay of China’s contemporary economy,the financial industry will contribute its own strength in green development,sustainable development and industrial structure upgrading.Firstly,this paper makes a detailed research and Analysis on the theory and current situation of green credit and industrial structure;secondly,it analyzes the mechanism of green credit affecting industrial structure;thirdly,it designs a measurement model to analyze the impact of green credit on industrial structure transformation and upgrading;finally,according to the relevant conclusions of empirical research,in order to promote industrial structure more effectively Provide policy suggestions for the upgrading of the organization.The main contents of this paper are as follows: first,the current situation of green credit and industrial structure is analyzed.Second,according to the analysis and Research on the current situation of green credit promoting the transformation and upgrading of industrial structure,analyze the mechanism between them.This paper explains in detail the three main influencing mechanisms of capital formation mechanism,capital oriented mechanism and information transmission mechanism.Thirdly,through the method of grey correlation analysis,and the design of panel regression model and the use of fixed effect model,this paper explores the impact of green credit on the upgrading of industrial structure in different regions(East,middle and West).The results are as follows:(1)the role of green credit in promoting the upgrading of industrial structure is significant;(2)the role of green credit in promoting the upgrading of industrial structure will be significantly different due to different regions.Therefore,this paper believes that we should establish a sound green credit and legal system,deepen the understanding of green credit,and implement green credit according to local conditions to better promote the upgrading of industrial structure.The innovation of this paper lies in the novel angle of research.As for the focus of academic research on industrial structure upgrading,most of the research focuses on the development of Finance and the impact of structure on industrial structure,and few literatures analyze its impact on industrial structure upgrading from the perspective of green credit;moreover,in the empirical aspect,the current research focuses on the analysis of the actual economic data of a certain region,which is broken by this paper On the basis of exploring the mechanism of green credit’s effect on industrial structure from the theoretical point of view,this paper analyzes the heterogeneity of three regions: the East,the middle and the west,and further draws the conclusion of this paper,which also provides empirical support for the theoretical analysis.