Green credit and regional industrial structure upgrading: Evidence from China

Ran Li and Yang Luo

Finance Research Letters, 2024, vol. 65, issue C

Abstract: China's economy has transitioned from a phase of rapid growth to one focused on high-quality development. The increasing emphasis on ecological and environmental protection has elevated the significance of green credit as a crucial driver for industrial structural upgrading. This study employs panel data analysis to examine the role of green credit in facilitating such upgrading, while also exploring regional heterogeneity. By fostering technological innovation, green credit can effectively stimulate enterprises to innovate and drive industrial structural transformation. Lastly, several recommendations are proposed to further promote the sustainable development of green credit.

Keywords: Industrial structure upgrading; Green credit; Enterprise innovation (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005026

DOI: 10.1016/j.frl.2024.105472

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