| In 2021,China’s green and low-carbon development is a critical period and a critical period.China has been sticking to its commitment to promote green development and actively implementing the national contribution goal of the world’s second largest economy in tackling climate change.This year’s government work report also pointed out: In the future,we will vigorously promote the process of greening,continue to improve the environmental quality of China,accelerate the green transformation of production and operation,optimize the industrial and energy structure,innovate new energy,and promote new energy-saving and environmentally friendly technologies and equipment.In conjunction with the research and development and application of products,we will implement a special policy of financial support for low-carbon and green development,and coordinate the promotion of high-quality economic and ecological protection during the14 th Five-Year Plan period.The optimization of the industrial structure is a concrete path to build a resource-saving and environment-friendly society.The key lies in guiding the green upgrade of traditional industries and the growth of new energy-saving and environmental protection industries.Whether the core elements of financial economic development can effectively allocate resources is affected by the pros and cons of the financial system,and it also affects the future direction of the economy.In order to better realize the green development strategy,the country has proposed the development of green finance.In the new era of implementing the concept of green development,green finance is the coordination The substantive focus of the relationship between the environment and economic growth has always been to support the development of green industries.How to further activate green finance,eliminate backward production capacity,increase capital support for green industries,and facilitate the transformation and upgrading of the industrial structure has become a key issue that needs to be resolved.This article studies the impact of green finance on my country’s industrial structure from both theoretical and empirical aspects.Theoretically,firstly,it reviews the domestic and foreign literature on green finance,industrial structure,and green finance supporting industrial transformation.Secondly,summarize the problems of green finance development and industrial structure adjustment.In terms of empirical research,based on national inter-provincial panel data,DEA data envelopment analysis is used to evaluate the efficiency of industrial transformation in various regions,and on this basis,it examines the impact of China’s green finance on the country’s overall and sub-regional industrial transformation in the eastern,northeastern,central and western regions The impact of the upgrade.Through the analysis of the empirical results,summarize the empirical conclusions and put forward policy recommendations.On the basis of combing the domestic and foreign literature on green finance,industrial structure and green finance supporting industrial transformation,this article introduces the connotation of green finance and industrial structure,analyzes the mechanism of green finance on the industrial structure,and summarizes the green finance in my country.The development status of finance and industrial structure.Then based on the national inter-provincial panel data,DEA data envelopment analysis is used to evaluate the efficiency of industrial transformation in various regions,and on this basis,the impact of my country’s green finance development on the industrial transformation and upgrading of the eastern,northeastern,central and western parts of the country and sub-regions is tested.Finally,through the analysis of the empirical results,summarize the research conclusions and put forward countermeasures.Research shows that: First,green finance has a positive correlation with my country’s industrial transformation,that is,green finance directly promotes my country’s industrial transformation.Second,green finance has varying degrees of impact on the industrial transformation and upgrading of the eastern,northeastern,central,and western regions.The adjustment of the industrial structure in the eastern,central and western regions has a significant positive correlation,and the promotion effect on the northeast region is not significant.At the same time,through the empirical results of the control variables,it is found that both government expenditure and urbanization development have a positive correlation with the industrial structure;the level of technological development and foreign direct investment have a negative correlation with the industrial structure.Based on the above empirical research conclusions,it is recommended to give full play to the leadership and promotion role of the government to standardize and improve my country’s green financial system;financial institutions should actively implement effective measures for the development of green finance,innovate green financial products,and broaden the investment and financing of green industries and projects Channels;at the same time,the regulatory authorities continue to improve the review process and information disclosure mechanism to form an effective connection between green finance and green industries,which is an important path for my country to realize industrial transformation and upgrading. |
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