Research on the Impact of Green Finance on High-Quality Economic Development

Sijia Chen

doi:10.54097/tykpqk52

Authors

Sijia Chen

DOI:

https://doi.org/10.54097/tykpqk52

Keywords:

Green Finance, High-quality Economic Development, Entropy Value Method, Mediating Effect

Abstract

To investigate the linkage between green finance and high-quality economic development across China, this research employs panel data from 30 provincial-level regions between 2011 and 2021. A comprehensive assessment framework for high-quality economic development is established, with indicator weights determined through the entropy method. A fixed-effects model is employed to explore the relationship between the two, investigating the mediating role of industrial structure upgrading and conducting heterogeneity analysis across eastern, central, and western regions. The findings reveal that: (1) Green finance actively contributes to high-quality economic development, demonstrating a significant positive correlation; (2) The upgrading of industrial structure serves as a positive mediating factor in this relationship; (3) The influence of green finance varies considerably across regions, with the most pronounced effect observed in the eastern area, a moderate impact in the central region, and the weakest effect in the western part of the country.

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