The green development mechanism of the Beijing-Tianjin-Hebei coordinated development strategy in China: Novel evidence of green finance

Baolin Ma, Yongxin Li, Bo Zhou, Yaode Jian, Cheng Zhang and Jin An

International Review of Economics & Finance, 2025, vol. 98, issue C

Abstract: The Beijing-Tianjin-Hebei (BTH) coordinated development strategy is one of the most notable policy attempts made by the Chinese central government to achieve regional coordinated green development. Utilizing panel data of China's 30 provinces from 2000 to 2019, this paper employs the regression control method to investigate the effect and mechanism of the BTH coordinated development strategy on green development. Empirical evidence reveals that the BTH coordinated development strategy has a significant positive effect on green development in Beijing and Tianjin. However, the effect in Hebei is not statistically significant. This study further finds that green finance can explain this heterogeneity. The BTH coordinated development strategy promotes green development in Beijing and Tianjin by promoting the development of green finance, but the strategy fails to boost the development of green finance in Hebei. Thus, the strategy cannot contribute to green development in Hebei.

Keywords: Beijing-Tianjin-Hebei coordinated development strategy; Green development; Green finance; Regression control method (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056025001042
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:98:y:2025:i:c:s1059056025001042

DOI: 10.1016/j.iref.2025.103941

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().