| In 2017,the 19th National Congress of the Communist Party of China clearly put forward the need to "promote green development" and "build a market-oriented green technology innovation system,develop green finance." In the "14th Five-Year Plan" issued by the Central Committee of the Communist Party of China in 2020,it once again proposed to "accelerate the promotion of green and low-carbon development",to "strengthen legal and policy guarantees for green development,develop green finance,support green technological innovation,and promote key industries and important areas.Green transformation".Green is the unchanging trend of sustainable economic development in the future.Advocating green development is not only to satisfy the people’s growing yearning for a better life,but also the key to solving socialist contradictions in the new era.However,my country’s economy is in a critical period of transforming development mode,optimizing economic structure,and transforming development momentum.The traditional extensive method is difficult to sustain,and green technological innovation has become an unavoidable important practical issue for sustainable development in the new era.As the blood of green technology innovation,green finance plays a role as an engine in the process of promoting enterprise green technology innovation.Therefore,it is necessary to further improve the level and quality of green technology innovation in green financial services,improve the green financial market system,and build a market-oriented green technology innovation system.This article first,based on the relevant theoretical basis and research results,takes the panel data of 30 provinces in my country from 2007 to 2016 as the research object,and creatively constructs the theory of green finance and green technology innovation.On this basis,constructs Developed the green finance and green technology innovation index evaluation system,and used the entropy method to measure the development level of green finance and green technology innovation.Then take the green technology innovation development index as the explanatory variable,the green finance development index as the explanatory variable,the opening level,environmental regulation and other indicators as the control variables,and the economic weight matrix as the main spatial weight matrix to show the spatial relevance of green technological innovation Carry out the test,and pass the LM,LR,Wald and Hausman tests,and use the spatial fixed SDM model to perform regression,and finally draw the following conclusions:First,this paper uses the entropy method to measure the development index of green finance and green technology innovation in 30 provinces in my country,and finds that the top five in the green technology innovation level and average value of green finance in the 30 provinces are mostly in the eastern region,and the bottom five are mostly in the west.Regions,and there is a significant gap between my country’s green technology innovation and green finance in different provinces.Second,using the economic matrix and the geographic matrix,the Moran’s I measured are all positive.There is a significant positive correlation between green technological innovation and significant spatial agglomeration.At the same time,in the local Moran scatter chart,more than half of the provinces are in the third quadrant,which shows that the level of green technology innovation in my country is still low.Third,by constructing a spatial fixed-effect SDM model to analyze the direct,indirect and total effects of the green technology innovation index,and draw the following conclusions:First,the improvement of the development level of green finance not only affects the regional green technology innovation The significant promotion effect also has a positive spillover effect on the surrounding areas;second,the increase in the level of opening to the outside world has a significant promotion effect on the green technology innovation in the region,but it has a negative spillover effect on the green technology innovation in the surrounding areas The third is that the increase in government support has a significant promotion effect on the green technology innovation index in the region,and there is also a positive spatial spillover effect on the green technology innovation index in the surrounding areas;Fourth,the increase in the proportion of deposits and loans does not significantly promote the green technology innovation in the region,but it has a negative spatial spillover effect on the green technology innovation in the surrounding areas;the fifth is the increase in the proportion of individual and private employees compared to the green technology in the region The improvement of innovation level has a significant role in promoting,but has no effect on the level of green technology innovation in surrounding areas;sixth,the improvement of environmental regulations in the region’s green technology innovation index has a significant inhibitory effect,and has no impact on the green technology innovation index in surrounding areas;Seventh,the intensity of fiscal expenditure on science and technology and the intensity of fiscal expenditure on education have no significant impact on the green technology innovation index of this region and surrounding areas.Based on the above conclusions,in order to further improve the level of green technology innovation in my country and improve the uneven development of regional green technology innovation,five suggestions are put forward: build a unified green finance standard system,establish a regional coordination mechanism for green technology innovation,and build green finance As the core green technology innovation system,strengthen inter-regional green finance collaboration capabilities,and adhere to long-term support for green finance and green technology innovation. |
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