Green finance and high-quality development of marine economy
Purpose – With the Chinese marine economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation, environmental protection, and sustainable development to solve. Design/methodology/approach – In this paper, the entropy...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2022-11-01
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| Series: | Marine Economics and Management |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/MAEM-01-2022-0001/full/pdf |
| _version_ | 1827908936583348224 |
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| author | Sheng Xu Ke Gao |
| author_facet | Sheng Xu Ke Gao |
| author_sort | Sheng Xu |
| collection | DOAJ |
| description | Purpose – With the Chinese marine economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation, environmental protection, and sustainable development to solve. Design/methodology/approach – In this paper, the entropy method is used to measure the development level of green finance, the DEA-ML index is used to measure the green total factor productivity which is used to indicate the high-quality development level of the marine economy in 11 coastal provinces (cities), then the grey correlation degree between them whose result shows that there is a certain correlation between the two variables is calculated. The fixed-effect model was used to analyze the relationship between them. Findings – The results show that the development level of green finance can promote the high-quality development of the marine economy, but there are still some problems in the process of green finance supporting the marine economy. Originality/value – This paper seeks new growth drivers, green finance, for the high-quality development of the marine economy, which few scholars have studied. |
| first_indexed | 2024-03-13T01:30:23Z |
| format | Article |
| id | doaj.art-b875c463b20e47a09330d3d4bcb4c079 |
| institution | Directory Open Access Journal |
| issn | 2516-158X |
| language | English |
| last_indexed | 2024-03-13T01:30:23Z |
| publishDate | 2022-11-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Marine Economics and Management |
| spelling | doaj.art-b875c463b20e47a09330d3d4bcb4c0792023-07-04T08:44:09ZengEmerald PublishingMarine Economics and Management2516-158X2022-11-015221322710.1108/MAEM-01-2022-0001Green finance and high-quality development of marine economySheng Xu0Ke Gao1Department of Finance, Ocean University of China, Qingdao, ChinaOcean University of China – Laoshan Campus, Qingdao, ChinaPurpose – With the Chinese marine economy developing rapidly, the environmental problem has been occurring frequently, which needs green finance that supports energy conservation, environmental protection, and sustainable development to solve. Design/methodology/approach – In this paper, the entropy method is used to measure the development level of green finance, the DEA-ML index is used to measure the green total factor productivity which is used to indicate the high-quality development level of the marine economy in 11 coastal provinces (cities), then the grey correlation degree between them whose result shows that there is a certain correlation between the two variables is calculated. The fixed-effect model was used to analyze the relationship between them. Findings – The results show that the development level of green finance can promote the high-quality development of the marine economy, but there are still some problems in the process of green finance supporting the marine economy. Originality/value – This paper seeks new growth drivers, green finance, for the high-quality development of the marine economy, which few scholars have studied.https://www.emerald.com/insight/content/doi/10.1108/MAEM-01-2022-0001/full/pdfGreen financeHigh-quality development of the marine economyDEA-MLFixed-effect model |
| spellingShingle | Sheng Xu Ke Gao Green finance and high-quality development of marine economy Marine Economics and Management Green finance High-quality development of the marine economy DEA-ML Fixed-effect model |
| title | Green finance and high-quality development of marine economy |
| title_full | Green finance and high-quality development of marine economy |
| title_fullStr | Green finance and high-quality development of marine economy |
| title_full_unstemmed | Green finance and high-quality development of marine economy |
| title_short | Green finance and high-quality development of marine economy |
| title_sort | green finance and high quality development of marine economy |
| topic | Green finance High-quality development of the marine economy DEA-ML Fixed-effect model |
| url | https://www.emerald.com/insight/content/doi/10.1108/MAEM-01-2022-0001/full/pdf |
| work_keys_str_mv | AT shengxu greenfinanceandhighqualitydevelopmentofmarineeconomy AT kegao greenfinanceandhighqualitydevelopmentofmarineeconomy |