An Empirical Test of Low-Carbon and Sustainable Financing’s Spatial Spillover Effect

Yu Sun, Huaping Sun, Zhiqiang Ma, Mingxing Li and Dan Wang
Additional contact information
Yu Sun: School of Management, Jiangsu University, Zhenjiang 212013, China
Huaping Sun: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Zhiqiang Ma: School of Management, Jiangsu University, Zhenjiang 212013, China
Mingxing Li: School of Management, Jiangsu University, Zhenjiang 212013, China
Dan Wang: School of Finance and Economics, Zhenjiang College, Zhenjiang 212028, China

Energies, 2022, vol. 15, issue 3, 1-13

Abstract: In this paper, the panel data of 30 provinces in China from 2011 to 2019 are analyzed by the spatial measure model and the threshold regression model. The results show that the air quality level is positively correlated with green finance, but there is no spatial effect. The spatial effect of the three influencing factors, including the degree of openness, the level of infrastructure, and the level of education, is the crowding-out effect. At the same time, variables such as human resource level, air quality, and infrastructure construction level all have threshold effects in the relationship between green finance and economic development. The research conclusions suggested that local governments at all levels should formulate policies according to the actual situation to promote the development of provinces’ intensive, intelligent, and green development, and build a regionally-linked green finance development model, thereby promoting the improvement of green finance.

Keywords: green finance; spatial Dubin model; influencing factors; threshold effect (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/1996-1073/15/3/952/pdf (application/pdf)
https://www.mdpi.com/1996-1073/15/3/952/ (text/html)

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:gam:jeners:v:15:y:2022:i:3:p:952-:d:736438

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().