Research On Regional Heterogeneity Of The Impact Of Green Finance On The Quality Of Economic Development

As China enters a new stage of development,it also puts forward new requirements for economic development.It is necessary to change the development model of purely pursuing economic growth and attach importance to the coordinated development of economic and ecological effects.The proposal of Peak Carbon Dioxide Emissions and Carbon Neutrality makes green finance high expected.Therefore,it is of practical significance to study what role green finance plays in the process of pursuing high-quality economic development.Firstly,this paper combs the relevant research results of green finance,the quality of economic development and the relationship between them,and clarifies the connotation and basic theories of green finance and the quality of economic development.Then it expounds the mechanism of green finance affecting the quality of economic development,discusses the impact of the former on the latter from two perspectives,positive and negative,and analyzes the possible differences in the impact of green finance on the quality of economic development in different regions.Secondly,it analyzes the current quality of green finance and economic development in China,and then constructs an index system to measure the development level of green finance from four aspects: green credit,green securities,green investment and green insurance.From innovation,coordination,green,open,Shared five dimensions to establish economic development quality evaluation system,and measures of 30 provinces(except Tibet,Hong Kong,Macao and Taiwan)in 2010-2019 green finance and quality index of economic development.According to the index results,a brief description of the quality of green finance and economic development in various provinces.The impact of green finance on the quality of economic development is studied through the panel regression model,and our country is divided into three regions: the eastern,central and western regions,and the differences in the impact of green finance on the quality of economic development in different regions are analyzed.The results show that the development of green finance has a significant impact on the quality of economic development,and plays a significant role in promoting the quality of economic development;This effect varies from region to region.In both eastern and western regions,green finance plays a positive role in promoting the improvement of economic development quality,especially in the eastern region,while the effect is not significant in the central region.Based on the above conclusions,it puts forward possible suggestions on how to better play the role of green finance and make it further promote the quality of economic development.