Study on the Impact of Economic Growth and Financial Development on the Environment in China

Yang Jin (), Zhang Yu () and Meng Yanmei ()
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Yang Jin: School of Humanities, Economics and Law, Northwest Polytechnical University, Xi’an710072, China
Zhang Yu: School of Humanities, Economics and Law, Northwest Polytechnical University, Xi’an710072, China
Meng Yanmei: School of Humanities, Economics and Law, Northwest Polytechnical University, Xi’an710072, China

Journal of Systems Science and Information, 2015, vol. 3, issue 4, 334-347

Abstract: This paper makes a theoretical and empirical study on the impact of economic growth and financial development on the environment in China. Through the establishment of econometric models, some conclusions have been found as follows: Firstly, there’s Environmental Kuznets Curve in China in the long and short term; Secondly, China’s financial interrelations ratio and financial efficiency can alleviate environmental pollution, and in the long term financial interrelations ratio has a stronger effect, instead, in the short term financial efficiency has a stronger effect; Moreover, in the long term financial interrelations ratio and financial efficiency have a positive moderating effect that can weaken the impact of economic growth on the environment, whereas financial interrelations ratio’s moderating effect is stronger; Finally, this article makes conclusion and inspiration for the improvement of China’s environmental quality.

Keywords: economic growth; financial development; environmental pollution; moderating effect (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:jossai:v:3:y:2015:i:4:p:334-347:n:4

DOI: 10.1515/JSSI-2015-0334

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