Research On The Measurement And Influencing Factors Of The Integrated Development Of Green Finance And Inclusive Finance

At present,China’s economy has entered a stage of high-quality development,and it is necessary to change the previous extensive production mode,promote the transformation of the development mode to green,and build a healthy production mode in which man and nature coexist harmoniously.From the country’s practical experience,green finance plays a crucial role in green economic development,but there are still many obstacles in the actual process of green finance development,including financial exclusion suffered by vulnerable social groups.The analysis of the integrated development and influencing factors of green finance and inclusive finance in this study is helpful to solve the financial exclusion in green finance,promote the integrated development of green finance and inclusive finance,and let green financial services sink to the "three rural areas" and small and micro enterprises.In this study,the research status of green finance and inclusive finance is first introduced,and a large number of literature materials at home and abroad are collected and organized.Then,the interaction between green finance and inclusive finance is described,and the concept of integrated development of green finance and inclusive finance is briefly described.In the empirical part,by taking China’s provincial panel data from 2014 to 2020,the entropy method,coupled coordination model,Dagum Gini coefficient,Moran index and other methods were used to measure the development degree of the integration of green finance and inclusive finance,discussed the temporal and spatial evolution characteristics and spatial correlation,and used the spatial econometric model to explore the main factors affecting the integrated development of green finance and inclusive finance.Finally,according to the research results,relevant suggestions are put forward to promote the integrated development of green finance and inclusive finance.The purpose is to improve the theoretical framework of the integrated development of green finance and inclusive finance,and provide theoretical support for promoting the deep integration of green finance and inclusive finance.The results show that:(1)the coupling and coordination degree of green finance and inclusive finance is on the rise from 2014 to 2020,and green finance and inclusive finance in most regions have changed from dysfunctional development to coordinated development;(2)The overall difference in the degree of integrated development of green finance and inclusive finance in various provinces and cities in China is small,but with the integrated development of green finance and inclusive finance,the differences between regions are expanding;(3)The coupling and coordination degree of green finance and inclusive finance in China spreads outward with the economically developed areas on the eastern coast as the core,showing the spatial distribution characteristics of "high in the east and low in the west" as a whole,and the difference between the eastern and western regions is significant;(4)The integrated development of green finance and inclusive finance has a promoting effect on economic growth,and has the characteristics of positive spatial correlation,showing growth-oriented agglomeration development,and the agglomeration effect is increasing year by year;(5)The main factors affecting the integrated development of green finance and inclusive finance include economic development level,Internet development level,scientific and technological innovation investment,pollutant emissions,and education level.Based on the conclusions,the following suggestions are made:(1)pay attention to the risk compensation and cost subsidies of green finance to vulnerable groups;(2)Optimize the regional strategic layout of the integrated development of green finance and inclusive finance;(3)Financial institutions develop targeted green and inclusive products for small and micro enterprises and residents;(4)Control the emission of pollutants such as nitrogen oxides and optimize the energy consumption structure;(5)apply financial technology and digital technology to practical services of green finance and inclusive finance;(6)Increase the construction of Internet infrastructure and ensure the improvement of financial infrastructure;(7)Cultivate the public’s financial awareness and green environmental protection awareness through the education system.