Abstract
Correct understanding of the positive role and mechanism of green finance in promoting ecological environment is an important premise and guarantee for promoting green finance to better serve the improvement of ecological environment. Based on the panel data of 31 provinces (municipalities and autonomous regions) in China from 2009 to 2017, this paper constructs a spatial Dubin model based on the distance weight matrix and empirically analyzes the impact of green finance on the ecological environment and its spatial spillover effects. The empirical results show that (1) the development of green finance promotes the improvement of the ecological environment in this region and (2) the influence of green finance on the ecological environment has a significant positive spatial spillover effect, that is, the development of green finance in this region will promote the improvement of the ecological environment in the surrounding areas.
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Funding
This study is supported by the General Projects of the National Social Science Fund of National Planning Office for Philosophy and Social Sciences, Research on the structural reform path of supply side of the tea industry in China under the background of “One belt and One road” (17BJY021).
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Chenggang Li is mainly responsible for the determination and later revision of the research direction of the thesis. Yong Gan is mainly responsible for data search and full text writing of the paper, as well as manuscript submission.
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Li, C., Gan, Y. The spatial spillover effects of green finance on ecological environment—empirical research based on spatial econometric model. Environ Sci Pollut Res 28, 5651–5665 (2021). https://doi.org/10.1007/s11356-020-10961-3
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DOI: https://doi.org/10.1007/s11356-020-10961-3