A Study On The Support Of Fiscal And Financial Policies Coordination For The Green Economic Development

Accelerating the green transformation of the development mode is a major strategic deployment made by the CPC Central Committee to comprehensively promote the great rejuvenation of the Chinese nation with Chinese path to modernization based on the goal of building a strong socialist modernization country in an all-round way and achieving the second century goal.It is of great significance.The western region of China is not only a resource rich area,but also an economically underdeveloped area and an ecologically fragile area.Promoting qualitative and dynamic changes in the economic development of the western region and achieving the coordination of economic,ecological,and social benefits cannot be separated from financial support.As the main source of funds for the green economy transformation,the stable supply of financial and financial funds is an important guarantee for the sustainable development of the green economy transformation.The government has introduced fiscal and financial policies to support the development of the green economy,thereby meeting the funding needs for the development of the green economy,Plays a crucial role in achieving green transformation of the economy.Therefore,based on the synergetic perspective,this article explores the mechanism of fiscal and financial policy synergy supporting the development of green economy,and studies the effectiveness of fiscal and financial policy synergy supporting the development of green economy.Firstly,construct a green economy development indicator system,and measure the green economy development level of11 provincial administrative regions in the western region using the entropy weight method;Secondly,collect fiscal and financial policies that support the development of the green economy in the western region on the website of Peking University.Based on the research focus and text content,select 6830 policy texts,and use python’s text mining technology to conduct quantitative analysis of all texts from policy measures and policy objectives to calculate the level of fiscal and financial policy synergy;Finally,construct a panel data model and use Stata software to empirically test the promotion effect of fiscal and financial policy coordination on the development of green economy.The research results show that the evolution and fluctuation trend of fiscal and financial policy coordination is large,and policy coordination lacks stability and continuity;The coordination of fiscal and financial policies can effectively support the development and transformation of the green economy,and the promotion effects of different objectives of fiscal and financial policy coordination on the development of the green economy are different;The coordination of fiscal and financial policies in the western region still needs to be further developed and improved,and the synergy effect of "1+1>2" has not yet been brought into play.Therefore,government departments should refine fiscal and financial policy formulation,strengthen interdepartmental cooperation,and establish long-term synergy mechanisms to better support the development of green economy.