Abstract
Green credit, as a component of green finance, plays a major role in promoting industrial structure upgrading. However, most of the existing research have analyzed the influence mechanism between the two, and there is lack of a systematic analysis on whether there is regional difference in the upgrading of industrial structure among regions. Based on the panel data of 30 provinces from 2002 to 2019, this paper compares and analyzes the effects of green credit on the industrial structure in the eastern, central and western regions of China through a fixed effect model. After the overall regression, it is found that green credit has a positive influence on the upgrade of China’s industrial structure. Through the regional regression, we come to conclusion that the implementation of green credit policy has a positive impact on the industrial structure upgrading in the east and central regions, but has no significant impact on the western regions.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Shaw, E.: Financial Deepening in Economic Development. Oxford University Press (1973)
King, R.G., Levine, R.: Finance, entrepreneurship, and growth: theory and evidence. J. Monet. Econ. 32, 513–542 (1993)
Fangmin, L., Jun, W.: Finance system and renewable energy development: analysis based on difference types of renewable energy situation. Energy Procedia 5, 829–833 (2011)
Anderson, J.: Environmental finance (2016)
Mohanty, R.K., Bhanumurthy, N.R.: Analyzing the dynamic relationships between physical infrastructure, financial development and economic growth in India. Asian Econ. J. 33(4), 381–403 (2019)
Li, A., Jin, Y., Zhu, Y.: On the development of modern service industry and financial support in Shanghai. Shanghai Financ., 17–21 (2006)
Zhan, M.: Financial friction, monetary policy, bank credit channel and credit resource misallocation among industries. Financ. Res., 1–17 (2015)
Chen, W., Hu, D.: Analysis on the action mechanism and effect of green credit on industrial upgrading. J. Jiangxi Univ. Finan. Econ., 12–20 (2011)
Ma, J.: On the construction of China’s green financial system. Financ. Forum, 18–27 (2015)
Xu, S., Zhao, X., Yao, S.: Impact of green credit on industrial structure upgrading. J. Shanghai Univ. Finan. Econ., 59–72 (2018)
Qian, S., Wang, W., Fang, H.: An empirical analysis of the effect of green credit on the optimization of China's industrial structure. Finan. Theor. Pract., 1–8 (2019)
Long, Y., Chen, G.: Green finance development and industrial structure optimization in the context of “Beautiful China”. Corp. Econ., 11–18 (2018)
Zhang, Y., Zhao, J.: Green credit, technological progress and industrial structure optimization based on the empirical analysis of the PVAR model. Finan. Econ. 4, 43–48 (2019)
Li, Y., Hu, H., Li, H.: An empirical analysis of the impact of green credit on the upgrading of industrial structure in China: based on the panel data of China’s province. Econ. Probl. 1, 37–43 (2020)
Li, Q.: Research on the impact of green credit on industrial structure and economic growth. Central China Normal University (2019)
Li, X.: Green Finance Report in China. China Finance Press (2014)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Xuelei, Z., Shuyi, Z. (2022). An Empirical Analysis of the Impact of Green Credit on Industrial Structure. In: Li, X., Yuan, C., Kent, J. (eds) Proceedings of the 5th International Conference on Economic Management and Green Development. Applied Economics and Policy Studies. Springer, Singapore. https://doi.org/10.1007/978-981-19-0564-3_61
Download citation
DOI: https://doi.org/10.1007/978-981-19-0564-3_61
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-19-0563-6
Online ISBN: 978-981-19-0564-3
eBook Packages: Economics and FinanceEconomics and Finance (R0)