Influence of Green Finance on Ecological Environment Quality in Yangtze River Delta

Meili Tang, Jia’ni Ding, Haojia Kong (), Brandon J. Bethel and Decai Tang ()
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Meili Tang: School of Marxism, Nanjing University of Information Science & Technology, Nanjing 210044, China
Jia’ni Ding: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China
Haojia Kong: School of Economics and Management, Nanjing University of Science & Technology, Nanjing 210094, China
Brandon J. Bethel: School of Marine Sciences, Nanjing University of Information Science & Technology, Nanjing 210044, China
Decai Tang: School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China

IJERPH, 2022, vol. 19, issue 17, 1-12

Abstract: Along with the development of society and the deepening contradiction between economic growth and natural resources, green finance has attracted more and more attention. As an area of great strategic significance in China’s modernization, the development of green finance can improve the quality of its ecological environment and find new economic growth points for it. Based on the index system of pressure state response and while considering the scientific nature and desirability of the indicators, this paper selects 12 indicators to construct an index system of eco-environmental quality. It uses the entropy method to calculate the level of eco-environmental quality. Then, three control variables are selected, and the difference-in-difference model is used for empirical analysis. It is found that green finance positively affects the ecological environment quality of the Yangtze River Delta. In addition, the level of opening to the outside world and the level of economic development also have a positive effect on the quality of the ecological environment to a certain extent. Still, the impact of industrial structure on it is negative. Therefore, this paper puts forward some suggestions for strengthening the disclosure of green financial information, paying attention to the concept of green development and strengthening regional cooperation and exchange to promote the development of green finance further and promote the coordination of economic development and ecological protection in the Yangtze River Delta.

Keywords: green finance; ecological environment quality; Yangtze River Delta (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (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)

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