Can Green Credit Promote the Green Transformation and Upgrading of Industrial Structure?—An Analysis Based on Provincial Panel Data in China

  • SONG Qinghua ,
  • TAN Xiaoman
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  • 1. Zhongnan University of Economics and Law, Wuhan 430073, China
    2. University of International Business and Economics, Beijing 100105, China

Received date: 2022-10-20

  Online published: 2023-06-05

Abstract

At present, the scale of green credit ranks first in the world. Green credit is an important green financial product, which can affect the green transformation and upgrading of industrial structure through technological progress mechanism and squeezing out effect mechanism. Based on the regression analysis of the provincial panel data from 2011 to 2020 using the fixed effect model, it is found that green credit has a significant positive promoting effect on the green transformation and upgrading of China's industrial structure at the national level. From the perspective of different regions, the impact of green credit on the green transformation and upgrading of industrial structure in China's four major regions shows obvious regional heterogeneity. In the future, differentiated green credit policies, innovative green credit products, and incentive and constraint mechanisms of green credit should be implemented, so as to further promote the green transformation and upgrading of our industrial structure.

Cite this article

SONG Qinghua , TAN Xiaoman . Can Green Credit Promote the Green Transformation and Upgrading of Industrial Structure?—An Analysis Based on Provincial Panel Data in China[J]. Finance & Economics of Xinjiang, 2023 , 0(3) : 29 -35 . DOI: 10.16716/j.cnki.65-1030/f.2023.03.003

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