Research On The Impact Of Green Finance On The Upgrading Of Manufacturing Industry In The Yangtze River Economic Bel

How to realize the green development of the manufacturing industry is of great significance for realizing the high-quality growth of my country’s economy based on new growth points and advancing the second centenary goal.As my country’s economy enters a new normal,in the post-epidemic era,traditional growth drivers are insufficient,and there is an urgent need to find new sources of growth.With the establishment of "Made in China 2025" and the double carbon target,my country’s manufacturing industry is also facing the pressure of transformation and upgrading.As a traditional manufacturing gathering area in my country,the Yangtze River Economic Belt has strong competitiveness in manufacturing,and is now working hard to implement manufacturing industrial upgrading.As an important means of resource allocation in the market,green finance acts as a booster for industrial upgrading.Therefore,it is of great significance to examine the relationship between green finance and the upgrading of the manufacturing industry in the Yangtze River Economic Belt.This article starts with combing the relevant literature on green finance in the upgrading of manufacturing industry at home and abroad,and analyzes the function of green finance and the impact mechanism on the upgrading of manufacturing industry.Aiming at the indicators of green financial development level,this paper analyzes the development level of my country’s green finance from the six dimensions of green credit,green bonds,green funds,green stocks,green insurance and carbon finance,and uses the entropy weight method to evaluate the development level of green finance in the Yangtze River Economic Belt.measured.For the industrial upgrading of the manufacturing industry,the industrial upgrading of the manufacturing industry in the Yangtze River Economic Belt is measured from five aspects:added value of manufacturing,labor productivity,R&D investment,manufacturing structure,and energy consumption level.Industrial upgrading is measured.Then,on this basis,using the relevant data of the Yangtze River Economic Belt from 2010 to 2019,the spatial Durbin model is established for empirical analysis,and the impact of green finance and other related factors on the industrial upgrading of the Yangtze River Economic Belt is studied.The research conclusions show that the level of green finance development in my country’s Yangtze River Economic Belt has generally increased year by year,but there are regional differences in the pattern of high in the east and low in the west,and the level of industrial upgrading in the manufacturing industry also shows a similar pattern.Green finance has shown a significant role in promoting the upgrading of the manufacturing industry in my country’s Yangtze River Economic Belt,and has a good spatial spillover effect.Other related control variables have different effects on the upgrading of the manufacturing industry,and some play a promoting role.Some will inhibit industrial upgrading.After the above theoretical and empirical analysis,according to the results,relevant countermeasures and suggestions are put forward from the perspectives of green finance,industrial upgrading environment,and talents.