Does financial agglomeration enhance regional green economy development? Evidence from China
In the existing literatures concerning on relationship between financial agglomeration and regional economic growth, the contradiction between economic growth and environmental protection is often neglected. This paper employs the non-radial direction distance function, under the framework of super-...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2020-08-01
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| Series: | Green Finance |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/GF.2020010/fulltext.html |
| _version_ | 1828443272847032320 |
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| author | Yuhang Zheng Shuanglian Chen Nan Wang |
| author_facet | Yuhang Zheng Shuanglian Chen Nan Wang |
| author_sort | Yuhang Zheng |
| collection | DOAJ |
| description | In the existing literatures concerning on relationship between financial agglomeration and regional economic growth, the contradiction between economic growth and environmental protection is often neglected. This paper employs the non-radial direction distance function, under the framework of super-efficiency DEA, to take the undesired output like waste water and exhaust gas in the process of regional economic growth into the measurement indicators of regional economic development. This paper further focuses on the relationship between financial agglomeration and regional green economic growth. Three main conclusions are drawn. First, there are inverted U-shaped relationships between financial agglomeration and regional green economy development. Compared with the undesirable output, the impact interval of financial agglomeration on economic growth has changed. Second, the heterogeneous impact of financial agglomeration on the regional green economy development is not only reflected in the significance of the impact, but also in the direction of the impact. Third, the impact of financial agglomeration on regional green economy has a non-linear threshold characteristic. |
| first_indexed | 2024-12-10T21:26:35Z |
| format | Article |
| id | doaj.art-7565ac494e5749f58afe1aeedfc832bb |
| institution | Directory Open Access Journal |
| issn | 2643-1092 |
| language | English |
| last_indexed | 2024-12-10T21:26:35Z |
| publishDate | 2020-08-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Green Finance |
| spelling | doaj.art-7565ac494e5749f58afe1aeedfc832bb2022-12-22T01:32:58ZengAIMS PressGreen Finance2643-10922020-08-012217319610.3934/GF.2020010Does financial agglomeration enhance regional green economy development? Evidence from ChinaYuhang Zheng0Shuanglian Chen1Nan Wang21 School of Finance and Collaborative Innovation Center of Scientific Finance & Industry, Guangdong University of Finance & Economics, Guangzhou, China2 Guangzhou International Institute of Finance and Guangzhou University, Guangzhou, China3 Department of Computer Science and Engineering, Henan Institute of Engineering, ChinaIn the existing literatures concerning on relationship between financial agglomeration and regional economic growth, the contradiction between economic growth and environmental protection is often neglected. This paper employs the non-radial direction distance function, under the framework of super-efficiency DEA, to take the undesired output like waste water and exhaust gas in the process of regional economic growth into the measurement indicators of regional economic development. This paper further focuses on the relationship between financial agglomeration and regional green economic growth. Three main conclusions are drawn. First, there are inverted U-shaped relationships between financial agglomeration and regional green economy development. Compared with the undesirable output, the impact interval of financial agglomeration on economic growth has changed. Second, the heterogeneous impact of financial agglomeration on the regional green economy development is not only reflected in the significance of the impact, but also in the direction of the impact. Third, the impact of financial agglomeration on regional green economy has a non-linear threshold characteristic.https://www.aimspress.com/article/10.3934/GF.2020010/fulltext.htmlfinancial agglomerationregional green economy developmentpanel tobit modelpanel threshold model |
| spellingShingle | Yuhang Zheng Shuanglian Chen Nan Wang Does financial agglomeration enhance regional green economy development? Evidence from China Green Finance financial agglomeration regional green economy development panel tobit model panel threshold model |
| title | Does financial agglomeration enhance regional green economy development? Evidence from China |
| title_full | Does financial agglomeration enhance regional green economy development? Evidence from China |
| title_fullStr | Does financial agglomeration enhance regional green economy development? Evidence from China |
| title_full_unstemmed | Does financial agglomeration enhance regional green economy development? Evidence from China |
| title_short | Does financial agglomeration enhance regional green economy development? Evidence from China |
| title_sort | does financial agglomeration enhance regional green economy development evidence from china |
| topic | financial agglomeration regional green economy development panel tobit model panel threshold model |
| url | https://www.aimspress.com/article/10.3934/GF.2020010/fulltext.html |
| work_keys_str_mv | AT yuhangzheng doesfinancialagglomerationenhanceregionalgreeneconomydevelopmentevidencefromchina AT shuanglianchen doesfinancialagglomerationenhanceregionalgreeneconomydevelopmentevidencefromchina AT nanwang doesfinancialagglomerationenhanceregionalgreeneconomydevelopmentevidencefromchina |