A Study on the Impact of Green Finance Development on Industrial Structure Upgrading in Guizhou Province

Mengyue Chen

doi:10.54097/dqyja028

Authors

Mengyue Chen

DOI:

https://doi.org/10.54097/dqyja028

Keywords:

Green Finance; Technological Innovation; Urbanization Level; Industrial Structure Upgrading.

Abstract

Against the backdrop of global green and low-carbon transformation, green finance is an essential means to achieve carbon neutrality goals, promote industrial structure upgrading, and drive high-quality economic development. Based on this, this paper constructs a green finance indicator system to measure its impact on industrial structure upgrading. The study selects panel data from prefecture-level cities in Guizhou Province from 2017 to 2023 for fixed-effects model analysis, mechanism analysis, and heterogeneity tests. The results show that the development of green finance significantly promotes the upgrading of the industrial structure in Guizhou Province. Mechanism tests reveal that technological innovation has a negative moderating effect on the relationship between green finance development and industrial structure upgrading. Mediation effects indicate that green finance can promote industrial structure upgrading in Guizhou Province by improving the level of urbanization. There are heterogeneous impacts among cities of different sizes, with green finance having a more positive effect on industrial structure upgrading in medium and small cities than in large cities. Finally, based on the research conclusions, suggestions are proposed from five aspects: innovating green finance products, implementing differentiated policies, strictly reviewing standards, strengthening concept promotion, and leveraging coordination and radiation effects, to promote the high-quality development of Guizhou's industries.

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