Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China

Both green finance and industrial technology innovation play irreplaceable roles in the framework of sustainable development. Research on the coupling and coordination between these systems will deepen the realization of sustainable development models. This study applied the TOPSIS entropy weight me...

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Main Authors: Wenjing Wang, Jingcheng Lin, Taiyi He, Haoxiang Zhao, Xin Zhao
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-08-01
Series:Frontiers in Environmental Science
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenvs.2022.958311/full
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author Wenjing Wang
Jingcheng Lin
Taiyi He
Haoxiang Zhao
Xin Zhao
author_facet Wenjing Wang
Jingcheng Lin
Taiyi He
Haoxiang Zhao
Xin Zhao
author_sort Wenjing Wang
collection DOAJ
description Both green finance and industrial technology innovation play irreplaceable roles in the framework of sustainable development. Research on the coupling and coordination between these systems will deepen the realization of sustainable development models. This study applied the TOPSIS entropy weight method to measure the development of green finance and industrial technology innovation in Zhejiang Province between 2012 and 2019 and used the coupling coordination degree model to determine the strength and effect of the interaction between these systems in Zhejiang Province. The results showed strong regional heterogeneity in the development of green finance and industrial technology innovation in the nine cities in Zhejiang Province within the study period. Moreover, mutual assistance and correlation between green finance and industrial technology innovation in the nine cities of Zhejiang Province increased over time. Finally, the effect of green finance and industrial technology innovation in the nine cities of Zhejiang Province was complex. The results of this study may inform policy suggestions regarding the roles potential roles of the government, commercial banks, and enterprises.
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spelling doaj.art-2817e04d50c346aca92eb18691b339412022-12-22T01:41:39ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-08-011010.3389/fenvs.2022.958311958311Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, ChinaWenjing Wang0Jingcheng Lin1Taiyi He2Haoxiang Zhao3Xin Zhao4Tianjin University of Commerce, Tianjin, ChinaTianjin University of Commerce, Tianjin, ChinaSouthwestern University of Finance and Economics, Chengdu, ChinaXinxiang University, Xinxiang, ChinaTianjin University of Commerce, Tianjin, ChinaBoth green finance and industrial technology innovation play irreplaceable roles in the framework of sustainable development. Research on the coupling and coordination between these systems will deepen the realization of sustainable development models. This study applied the TOPSIS entropy weight method to measure the development of green finance and industrial technology innovation in Zhejiang Province between 2012 and 2019 and used the coupling coordination degree model to determine the strength and effect of the interaction between these systems in Zhejiang Province. The results showed strong regional heterogeneity in the development of green finance and industrial technology innovation in the nine cities in Zhejiang Province within the study period. Moreover, mutual assistance and correlation between green finance and industrial technology innovation in the nine cities of Zhejiang Province increased over time. Finally, the effect of green finance and industrial technology innovation in the nine cities of Zhejiang Province was complex. The results of this study may inform policy suggestions regarding the roles potential roles of the government, commercial banks, and enterprises.https://www.frontiersin.org/articles/10.3389/fenvs.2022.958311/fullgreen financeindustrial technology innovationcouplingcoordinationTOPSIS
spellingShingle Wenjing Wang
Jingcheng Lin
Taiyi He
Haoxiang Zhao
Xin Zhao
Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
Frontiers in Environmental Science
green finance
industrial technology innovation
coupling
coordination
TOPSIS
title Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
title_full Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
title_fullStr Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
title_full_unstemmed Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
title_short Coupling coordination analysis of green finance and industrial technology innovation: A case study in Zhejiang Province, China
title_sort coupling coordination analysis of green finance and industrial technology innovation a case study in zhejiang province china
topic green finance
industrial technology innovation
coupling
coordination
TOPSIS
url https://www.frontiersin.org/articles/10.3389/fenvs.2022.958311/full
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AT haoxiangzhao couplingcoordinationanalysisofgreenfinanceandindustrialtechnologyinnovationacasestudyinzhejiangprovincechina
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