| The Yellow River basin is an important pillar of realizing the great rejuvenation of the Chinese nation,it is not only the green barrier of national ecological balance,but also the key to promote regional coordination balanced growth,the party’s 20 report,to advance the Yellow River basin ecological protection and high quality construction,to speed up economic and social progress,promote the green transformation,and clearly put forward the establish support green ecological taxation,financial services,investment risk management,pricing policies and measures and technical standards system,to highlight the important role of financial institutions in promoting the development of green transformation.Green finance is the perfect combination of green development concept and financial institutions,to promote economic and social green ecological and low carbon,promote the development of high quality,is the bridge between financial capital and environmental protection,can effectively promote financial capital to ecological protection,so as to achieve ecological development and economic and social coordination.In the practical problems such as ecological civilization construction,sustainable development,ecological protection and high-quality development in the Yellow River Basin,ecological efficiency can be reflected from the two aspects of ecological environment and economic development,representing the maximum extent of the reduction of production increase and resource consumption and environmental pollution in a certain region.The role of green finance has been widely recognized,which can improve ecological efficiency.However,the specific impact degree,regional differences and impact mechanism still need to be further studied.First of all,this paper summarizes the excellent research results related to green finance and ecological efficiency,Summarize the development and ecological efficiency of various green finance businesses in the Yellow River basin;Secondly,the paper analyzes the influence effect of green finance on ecological efficiency from two aspects of theoretical basis and influence mechanism,Then select indicators to measure the ecological efficiency of 84 prefecture-level cities in 9 provinces of the Yellow River Basin,On this basis,the green credit,green investment,green bonds and green insurance in the Yellow River basin are taken as the explanatory variables,With the ecological efficiency as the explanatory variable,Four variables are financial development level,science and technology expenditure level,environmental infrastructure level and government intervention level as control variables,To study the relationship between the four businesses of green finance and ecological efficiency in the Yellow River basin and the upper,middle and downstream regions,After using the industrial structure as the intermediary variable,Finally,according to the empirical research results,it is concluded that the four green finance businesses in the Yellow River Basin as a whole can significantly boost the ecological efficiency,Ecological efficiency can be improved by optimizing the industrial structure,And there are differences in different regions,The middle and downstream regions are consistent with the overall regression results,The promotion effect of various businesses in downstream areas is more significant,And the upstream region of the green finance business can not show a positive boost effect,Then on this basis to analyze the reasons and put forward some suggestions,To promote the rapid development of green finance business in the Yellow River Basin,Give full play to its role in boosting ecological efficiency. |
