Research on the Coupling and Coordination of Green Finance and Green Innovation Efficiency in Beijing-Tianjin-Hebei Region

Mohan Zhang; Chenran Wang; Li Yue; Fan Bi

doi:10.54097/7qzbmt45

Authors

Mohan Zhang
Chenran Wang
Li Yue
Fan Bi

DOI:

https://doi.org/10.54097/7qzbmt45

Keywords:

Tobit Model, Coupling Coordination, CRITIC-greysing Degree, Green Finance

Abstract

This study employs a comprehensive approach integrating CRITIC-grease correlation, SBM-DEA model, coupling coordination model, and Tobit model to analyze the dynamic characteristics and underlying drivers of coupling coordination between green finance and green innovation efficiency in the Beijing-Tianjin-Hebei region from 2014 to 2023. The findings reveal a steady upward trend in the region's green finance and green innovation efficiency, laying a solid foundation for subsequent coupling coordination analysis. Further analysis demonstrates strong regional coordination with continuously improving coupling coordination levels. In terms of influencing factors, the technological and economic development level shows the most significant positive impact on coupling coordination, while human capital exhibits a certain negative influence. Therefore, the Beijing-Tianjin-Hebei region should strengthen regional cooperation, stimulate innovation vitality, and enhance government intervention to consolidate the coupling coordination system between green finance and green innovation efficiency. This will drive the development of surrounding cities and provide robust support for regional green transformation.

Downloads

Download data is not yet available.

References

[1] Liu Guiping. Developing green finance to support the realization of the "30·60 targets" [J]. China Finance, 2021, (2):9-11.

[2] Fan Dan, Sun Xiaoting. Environmental regulation, green technology innovation and green economic growth[J]. China Population·Resources and Environment, 2020,30(6):105-115.

[3] Zhou Xiaoxiao, Jia Mengyu, Zhao Xin. Dynamic Analysis and Empirical Study on the Evolutionary Game of Green Finance Promoting Green Technology Innovation in Enterprises [J]. China Industrial Economics, 2023, (6):43-61. DOI: 10.19581/ j.cnki.ciejournal.2023.06.002.

[4] Li Guangqin, Li Jiaxin, Guo Xigen. Temporal and spatial evolution and regional differences of green innovation and green finance coupling coordination in the Yellow River Basin[J]. China Desert, 2025,45(5):113-123.

[5] Ning Chengqian. Research on the Coupled Development and Influencing Factors of Green Finance and Corporate Green Innovation [D]. Harbin University of Commerce, 2024.

[6] Zhang Xufan. Research on the Coupled and Coordinated Development of Green Finance, Technology Finance, and Green Innovation [J]. Journal of Zhejiang Shuren University, 2024,24(6):57-70.

[7] Xu Lang. Efficiency Measurement and Coupling Coordination Degree of Green Finance and Ecological Resources in the Yangtze River Economic Belt [D]. Chongqing Technology and Business University, 2023.

[8] Li Jing. Research on the Coupled Development of Green Finance and Green Economic Efficiency in the Yellow River Basin [D]. Shandong University of Finance and Economics, 2025.

[9] CAI Hongchuan. Research on the Coupling Coordination Degree of Green Finance and Green Innovation in Zhejiang Province and Its Influencing Factors [D]. Hebei University of Finance and Economics, 2025.

[10] Xie Dongjiang, Hu Shihua. Green Finance, Maturity Mismatch and Green Total Factor Productivity [J]. Soft Science, 2023,37(6):56-62,70.

[11] Gao Jinjie, Zhang Weiwei. The Impact of Green Finance on the Ecologization of China's Industrial Structure: An Empirical Study Based on System GMM Model [J]. Economic Crossroads, 2021(2):105-115.

[12] Gong Qianying, Dong Min. How does green finance promote the development of new productive forces? [J]. Modern Economic Research, 2025, (11):69-80.

[13] Zhang Gui, Liang Ying, Xu Yangyang. Multidimensional spillover effects of regional innovation efficiency from an ecosystem perspective: Spatial econometric analysis of panel data [J]. Science and Technology Progress and Countermeasures, 2016,33(15):30-37.

[14] He Xionglang, Li Junyi. Can the opening of high-speed rail in the Yangtze River Economic Belt promote urban green development? [J]. Journal of Southwest University for Nationalities (Humanities and Social Sciences Edition), 2023, 44 (02):131-143.

[15] Zhang Yuli. Research on Green Innovation Efficiency of Industrial Enterprises in Beijing-Tianjin-Hebei Region [D]. Hebei University of Engineering, 2020.

[16] Sun Yanming, Chen Simiao. Spatiotemporal evolution patterns and driving factors of green technology innovation efficiency in the Yangtze River Delta region [J]. Geographical Research, 2021,40(10):2743-2759.

[17] Ning Yixuan, Zhong Xiyu. Evolution and driving factors of the coupling coordination between green finance and green innovation efficiency in the mid-Yangtze River urban agglomeration[J]. Economic Geography, 2023,43(12):48-57.