Yanhong Gong
ABSTRACT
Based on the panel data of 30 provinces and cities in China from 2007 to 2016, this paper calculates the indicators of green finance, industrial structure upgrading, and high-quality economic development, and uses the PVAR model to empirically study the dynamic relationship between green finance, industrial structure upgrading, and high-quality economic development. The research results show that: first, there is a two-way relationship between green finance and high-quality economic development. The development of green finance will promote high-quality economic development, and high-quality economic development will in turn drive the development of green finance in China. Second, in the long run, the promotion effect of green finance on the upgrading of industrial structure will be manifested. The upgrading of industrial structure has a significant positive impact on green finance; and the impact of green finance on high-quality economic development is to a certain extent through. The transformation and upgrading of my country's industrial structure is realized. Therefore, this paper puts forward suggestions from three aspects: formulating a list of green industries, continuously accelerating the innovation of green financial products and services, strengthening and improving the supervision and incentive functions of the policy system. The level of high-quality development has certain practical significance.
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Index Terms
- Green Finance, Industrial Structure Upgrading and High-quality Economic Development-Empirical Analysis Based on PVAR Model
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