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Coordinated development of green finance and green technology innovation in China: from the perspective of network characteristics and prediction

  • Green Development and Environmental Policy in China: Past, Current and Future
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Abstract

Under the path of sustainable development, the key to achieving green and low-carbon transformation lies in green technology innovation (GTI), and how to effectively coordinate the relationship between green finance (GF) and GTI is an issue worth studying. This paper constructed an evaluation system of GF and GTI and combined them with the coupled coordination degree model to explore their coordination of Chinese provinces from 2012 to 2019. Then, the core network evolution and spatial structure characteristics of GTI and GF were studied using the modified gravity model. Finally, based on the link prediction, the general future network prediction is made to provide guidance and direction for the future GTI and GF development and construction. The results found that the coordination level between GF and GTI has been continuously improved from 0.356 to 0.436. The core network structure is keeping changing with their connection becoming more complex, and there is still room for optimization. Network centrality characteristics show that the spatial spillover effects are stronger in the more economically developed regions. The overall network possibility prediction shows the potential network connections in different urban agglomerations. This paper provides a certain reference role for China and developing countries to predict the GF and GTI cooperation network development in the future.

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The data presented in this study are available on request from the corresponding author.

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Acknowledgements

We thank the editors and the anonymous reviewers for their valuable comments and suggestions.

Funding

This work was supported by the National Natural Science Foundation of China (No. 72001053) and the Guizhou University of Finance and Economics 2022 Annual Research Project Grant for Current Students Project No. (2022ZXSY008). The authors are grateful to the reviewers for their help and valuable comments.

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Contributions

Shihui Chen: investigation, formal analysis, methodology, and writing—original draft. Rui Ding: supervision, writing—review and editing, and validation. Bin Zhang: conceptualization, writing—review and editing, and methodology. Siwei Shen and Jian Yin: writing—review and editing and resources. Kexin Wang: data curation and methodology.

Corresponding author

Correspondence to Rui Ding.

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Responsible Editor: Nicholas Apergis

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Shihui Chen and Rui Ding are co-first authors

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Chen, S., Ding, R., Shen, S. et al. Coordinated development of green finance and green technology innovation in China: from the perspective of network characteristics and prediction. Environ Sci Pollut Res 31, 10168–10183 (2024). https://doi.org/10.1007/s11356-023-27028-8

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  • DOI: https://doi.org/10.1007/s11356-023-27028-8

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