Cleaner Production: Analysis of the Role and Path of Green Finance in Controlling Agricultural Nonpoint Source Pollution

Shen Yang () and Zhang Xiuwu
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Shen Yang: Center for Quantitative Economic Research, Huaqiao University, Xiamen, 361021, China
Zhang Xiuwu: Center for Quantitative Economic Research, Huaqiao University, Xiamen, 361021, China

Economics - The Open-Access, Open-Assessment Journal, 2024, vol. 18, issue 1, 13

Abstract: This study evaluates the impact of green finance (GF) on agricultural nonpoint source pollution (ANPSP) control and emission reduction in 30 Chinese provinces from 2005 to 2021. Utilizing the entropy value method and the unit survey inventory method, the research measures the levels of GF development and ANPSP. It employs a mediation effect model to empirically assess the pollution control efficacy of GF and to elucidate the mechanisms underlying its influence. The findings indicate that GF development significantly curtails ANPSP emissions. It achieves this through government environmental regulation (ER) and land transfer mechanisms. Heterogeneity test results show that GF has a stronger impact on ANPSP in regions with lower economic development level and GF reform policies. Therefore, the study suggests strengthening the GF infrastructure in rural areas, aligning GF policies with ER, promoting large-scale land operations, and implementing tailored strategies for regions with different levels of economic development and GF reform policies.

Keywords: green finance; ANPSP; government environmental regulation; land transfer; mediation effect; entropy evaluation method (search for similar items in EconPapers)
JEL-codes: G28 O13 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:18:y:2024:i:1:p:13:n:1001

DOI: 10.1515/econ-2022-0118

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