Spatial differentiation and influencing factors of green finance development level in China

The entropy method measures the development level of green finance in 30 provinces and cities in China, and the spatial analysis method is used to describe the difference. Spatial pattern of the development level of green finance in China and empirically analyze the influencing factors of the develo...

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Main Authors: Yuanxiang Zhou, Huayan Liu, Jingxuan Wang, Hongrui Yang, Ziyun Liu, Gang Peng
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-09-01
Series:Frontiers in Environmental Science
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fenvs.2022.1023690/full
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author Yuanxiang Zhou
Huayan Liu
Jingxuan Wang
Hongrui Yang
Ziyun Liu
Gang Peng
author_facet Yuanxiang Zhou
Huayan Liu
Jingxuan Wang
Hongrui Yang
Ziyun Liu
Gang Peng
author_sort Yuanxiang Zhou
collection DOAJ
description The entropy method measures the development level of green finance in 30 provinces and cities in China, and the spatial analysis method is used to describe the difference. Spatial pattern of the development level of green finance in China and empirically analyze the influencing factors of the development level of green finance. The results of the spatial econometric model show that the absolute difference in the development level of China’s green finance shows an overall increasing trend, and the relative difference shows a downward trend year by year. The level of financial development and environmental governance promote the development of green finance, while the level of economic growth and energy consumption inhibit the development of green finance. On this basis, we put forward countermeasures and suggestions from strengthening government functions and adjusting industrial structure according to economic growth, so as to promote the development of green finance in China.
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spelling doaj.art-3c63169af1094fa5adfe754c06ff06b42022-12-22T04:30:53ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-09-011010.3389/fenvs.2022.10236901023690Spatial differentiation and influencing factors of green finance development level in ChinaYuanxiang Zhou0Huayan Liu1Jingxuan Wang2Hongrui Yang3Ziyun Liu4Gang Peng5Institute of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, ChinaInstitute of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, ChinaSchool of Finance and Public Administration,Anhui University of Finance and Economics, Bengbu, ChinaSchool of Finance, Anhui University of Finance and Economics, Bengbu, ChinaInternational Business School Suzhou, Xi’an Jiaotong-Liverpool University, Suzhou, ChinaSchool of Statistics, Southwestern University of Finance and Economics, Chengdu, ChinaThe entropy method measures the development level of green finance in 30 provinces and cities in China, and the spatial analysis method is used to describe the difference. Spatial pattern of the development level of green finance in China and empirically analyze the influencing factors of the development level of green finance. The results of the spatial econometric model show that the absolute difference in the development level of China’s green finance shows an overall increasing trend, and the relative difference shows a downward trend year by year. The level of financial development and environmental governance promote the development of green finance, while the level of economic growth and energy consumption inhibit the development of green finance. On this basis, we put forward countermeasures and suggestions from strengthening government functions and adjusting industrial structure according to economic growth, so as to promote the development of green finance in China.https://www.frontiersin.org/articles/10.3389/fenvs.2022.1023690/fullgreen financespatial patterninfluencing factorscomprehensive indexfinancial development
spellingShingle Yuanxiang Zhou
Huayan Liu
Jingxuan Wang
Hongrui Yang
Ziyun Liu
Gang Peng
Spatial differentiation and influencing factors of green finance development level in China
Frontiers in Environmental Science
green finance
spatial pattern
influencing factors
comprehensive index
financial development
title Spatial differentiation and influencing factors of green finance development level in China
title_full Spatial differentiation and influencing factors of green finance development level in China
title_fullStr Spatial differentiation and influencing factors of green finance development level in China
title_full_unstemmed Spatial differentiation and influencing factors of green finance development level in China
title_short Spatial differentiation and influencing factors of green finance development level in China
title_sort spatial differentiation and influencing factors of green finance development level in china
topic green finance
spatial pattern
influencing factors
comprehensive index
financial development
url https://www.frontiersin.org/articles/10.3389/fenvs.2022.1023690/full
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AT jingxuanwang spatialdifferentiationandinfluencingfactorsofgreenfinancedevelopmentlevelinchina
AT hongruiyang spatialdifferentiationandinfluencingfactorsofgreenfinancedevelopmentlevelinchina
AT ziyunliu spatialdifferentiationandinfluencingfactorsofgreenfinancedevelopmentlevelinchina
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