Research On the Synergistic Evaluation of Regional Green Finance and Regional Economy Under CRITIC Model

Yeqin Xiong; Xinyi Liu

doi:10.54097/hbem.v5i.5134

Authors

Yeqin Xiong
Xinyi Liu

DOI:

https://doi.org/10.54097/hbem.v5i.5134

Keywords:

CRITIC; Green Finance; Regional Economy; Synergy Model; Underdeveloped Regions.

Abstract

A healthy ecological environment is a crucial building block for sustainable socioeconomic development, and the green financial system can optimize industrial structure using capital and other market variables to support high-quality and environmentally friendly economic growth. This study examines the synergistic effects of local green finance and the local economy in the impoverished region, Gansu Province, China. Additionally, it introduces the Criteria Importance Through Intercrieria Correlation (CRITIC) model to unbiasedly assign weights to the assessment indicators, establishing a composite system of regional green finance subsystem and regional economy subsystem for synergistic evaluation. By examining the degree of synergy effects in Gansu Province, the findings suggest a low level of overall synergy between the economy of Gansu Province and regional green finance, with an alternating trend of decreasing-rising-decreasing. This study is helpful in lowering the subjective tendency of the assessment of green finance on economic construction and accurately carrying out targeted reforms according to the results.

Downloads

Download data is not yet available.

References

Wang X, Wang Y. Research on the Green Innovation Promoted by Green Credit Policies [J]. Management World, 2021, 37(06): 173-188+11.

Li Q Y, Xiao Z H. Heterogeneous Environmental Regulation Tools and Green Innovation Incentives: Evidence from Green Patents of Listed Companies [J]. Economic Research Journal, 2020, 55(09): 192-208.

Gangi F, Meles A, D'Angelo E, et al. Sustainable development and corporate governance in the financial system: Are environmentally friendly banks less risky?[J]. Corporate Social Responsibility and Environmental Management, 2019, 26(3): 529-547.

Liu X Y, Weng S Y. Should Financial Institutions be Environmentally Responsible in China? Facts, Theory and Evidence [J]. Economic Research Journal, 2019,54(03):38-54.

Wang J P, Liu Y Q, Li S S. Spatio-Temporal Characteristics and Diagnosis of Obstacle Factors of Regional Green Finance Development under the ‘Double Carbon’ Goal [J]. Ecological Economy, 2022, 38(10): 53-61+87.

Tao F, Hu J, Li S W, et al. Does the Geographic Structure of a Financial System Affect Enterprise Productivity? Discussion of the Financial Supply-side Structural Reform [J]. Economic Research Journal, 2017, 52(09): 55-71.

Song M L, Liu G C. Growth Regime Switch and Sources of China’s Green Economy: A Multi-sectoral Accounting Framework Based on Heterogeneous Production Functions [J]. Economic Research Journal, 2021, 56(07): 41-58.

Liu X, He P. Research on the Impact of Green Finance on Economic Development in Central China [J]. Journal of Industrial Technological Economics, 2019, 38(03): 76-84.

Chang Y J. Opportunities, Challenges and Realistic Paths of Green Finance Supporting High Quality Development of Rural Economy [J]. Journal of Agricultural Economics, 2022(04): 107-109.

Qiu S L, Wu, Yin J, et al. Evaluation Model of Logistics-economy Coordination Degree of Underdeveloped Regions [J]. Logistics Technology, 2020, 39(02): 32-36+87.

Liu F, Ma C L. Research on Coupling Coordination of Green Finance Affecting High Quality Development of Regional Economy [J]. Jiangxi Social Sciences, 2022, 42(06): 42-52.

Jiang Z Y, Wei C J. Roles. Methods and Efficiency of Government in the Development of Green Finance [J]. Journal of Lanzhou University (Social Sciences), 2017,45(06):108-114.

Akomea-Frimpong I, Adeabah D, Ofosu D, et al. A Review of Studies on Green Finance of Banks, Research Gaps and Future Directions [J]. Journal of Sustainable Finance & Investment, 2022, 12(4): 1241-1264.

Chen L, Zhang A. Evaluation and Influencing Factors of Water Resources and Social Economy in the Yellow River Basin [J/OL]. Water Resources Protection: 1-14 [2022-11-21]. http://kns.cnki.net/kcms/detail/32.1356.TV.20220624.1733.004.html

Diakoulaki D, Mavrotas G, Papayannakis L. Determining Objective Weights in Multiple Criteria Problems: The Critic Method [J]. Computers & Operations Research, 1995, 22(7): 763-770.