Analysis on the Effect of Green Credit on the Upgrading of Industrial Structure

作者：Xu Sheng, Zhao Xinxin, Yao Shuang · 发表于：Shanghai Caijing Daxue xuebao · 年份：2018 · DOI：10.16538/j.cnki.jsufe.2018.02.004 · 被引用次数：31 · 研究领域：Energy, Environment, Economic Growth

Along with the contradiction between economic growth and resource depletion, the concept of economic development has changed to innovation, coordination, greenness, openness and sharing”. The concept of green development focuses on the ecological environment, low-carbon development and the construction of green economic system. Under the background of green development, to guide the green upgrading of traditional industries and cultivate new green industries is the key to the restructuring of current industrial structure in China. However, how green credit acts on the upgrading of the industrial structure and its impact are still lacking systematic analysis. This paper reviews domestic and foreign literature to understand the main directions and progress of the research related to the optimization of green credit and industrial structure. And based on the current situation of green credit adjustment in China, this paper analyzes the impact of green credit on industrial structure upgrading by combing three mechanisms: capital formation, signal transmission, and feedback & credit generation. The relevant data is selected from 2004 to 2015 in China and 31 provinces and cities. Firstly, the relationship between the development of green credit and the upgrading of industrial structure is analyzed empirically through the gray relational analysis method, that is, China’s green credit can indeed optimize the industrial structure. Followed by the regression model of panel data, it mak...