| In 2022,the National Development and Reform Commission and various departments issued the Opinions on Promoting the Green Development of the Belt and Road,proposing the development direction for the realization of a green Belt and Road.At the same time,at the opening of the "Second Belt and Road Forum for International Cooperation",China once again stressed the need to practice the concept of green development and promote the construction of a green Silk Road.To achieve a green "Belt and Road",the key lies in whether enterprises carry out green technology innovation,green finance can integrate social resources when enterprises carry out green technology innovation,and attract more social capital to green investment projects.Countries along the "Belt and Road" have still been energy-intensive economic growth for a long time,and China has the most complete industrial system and the most extensive industrial system,and it is particularly important to study the development of green finance in China’s "Belt and Road" provinces and the green technology innovation results of industrial enterprises.This study first reads and sorts out the relevant literature,expounds the basic theories and theoretical mechanisms of green finance and green technology innovation in industrial enterprises,and puts forward two research hypotheses in this paper.Secondly,this paper analyzes the development status of green finance in the provinces of the "Belt and Road" from the perspective of green finance tools,and uses the entropy weight method to measure the comprehensive development level of green finance in each province.At the same time,the current situation of green technology innovation level of provincial industrial enterprises in the "Belt and Road" was analyzed.Then,this paper constructs a traditional econometric regression model and a spatial econometric model,empirically analyzes the impact of green finance on green technology innovation of industrial enterprises in the "Belt and Road" provinces,and uses the substitution variable method to test the robustness,and finds that the results are still robust.This paper further analyzes the heterogeneity of coastal and inland areas in the provinces of the "Belt and Road".This study concludes that the level of green finance and green technology innovation of industrial enterprises in the provinces of the Belt and Road shows obvious regional differences,and is highly correlated with the level of regional economic development.Green finance in coastal areas and inland areas of the "Belt and Road" provinces shows regional heterogeneity for green technology innovation of industrial enterprises,and the development of green finance in inland areas can promote green technology innovation of industrial enterprises,and both correlations are stronger in economic or geographical correlation space.The development of green finance in the provinces of the "Belt and Road" can not only directly promote the green technology innovation of local industrial enterprises,but also have a spatial spillover effect on the green technology innovation of industrial enterprises in their neighboring regions. |
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