中国
绿色发展
差异中的差异
稳健性(进化)
绿色经济
生产力
面板数据
资源(消歧)
城市规划
绿色创新
经济
财务
业务
经济增长
可持续发展
政治学
产业组织
工程类
生物化学
基因
土木工程
计量经济学
化学
计算机科学
法学
计算机网络
作者
Hongfeng Zhang,Yixiang Wang,Rui Li,Hongyun Si,Wei Liu
标识
DOI:10.1007/s11356-022-22886-0
摘要
This study aims to evaluate the effect of the green finance reform and innovation pilot zone (GFPZ) policy on urban green development. Based on city-level panel data in China from 2012 to 2019, a difference-in-differences model was employed to examine the effects of China’s GFPZ policy on the city’s green total factor productivity (GTFP). Results show that (1) the GFPZ policy has promoted the GTFP of pilot cities, a conclusion that still holds after performing multiple robustness tests. (2) Compared to non-pilot cities, the GFPZ policy can increase urban GTFP by promoting urban green innovation and reducing urban energy intensity. (3) The GFPZ policy had a more significant impact on mega cities and resource-based cities than on medium and big-sized cities and non-resource-based cities. This study provides new empirical evidence on how green finance influences urban green development and offers China’s experience to policymakers worldwide to develop green finance in top-level policy design and practice.
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