The interaction between green finance and other factors, such as ecological environment, has been a research hotspot nowadays. Especially, the reasonable guiding of capital into energy conservation and environmental protection industries would greatly affect those factors, so as to the relation between them. This paper aimed to analyze the relationships between green finance, technological progress, and ecological performance quantitatively. The entropy method was used to respectively construct the system of index for green finance and technological progress, and index for ecological performance was measured by the super-SBM model. The panel vector autoregressive (PVAR) model was selected to empirically analyze dynamic relationships based on datasets from 30 provinces in China during 2008–2019 period. The results told that (1) from 2008 to 2019, China’s overall level of green finance, technological progress and ecological performance increased to varying degrees. Spatially, the areas with high-developed green finance greatly coincided with those such as large cities or the eastern coast that had good financial development. The distribution of technological progress index were similar, except some underdeveloped areas with relatively advanced scientific research institutes. The ecological performance, however, was high in the South and low in the north. (2) In the lag for 3 years, the influence of green finance on ecological performance in different regions was all positive for that all the coefficient symbols that passed the significance test were above 0, while that on technological progress was negative first and then positive. And the effects of technological progress on ecological performance were positive in ecological regions and negative in low ecological regions (0.0893 and -0.1211 in the case of three-stage lag respectively). (3) The contribution of green finance to ecological performance was high according to the results of variance decomposition, maintained at about 30%, and that of technological progress increased year by year (from 0.000 to 0.039). Therefore, we proposed to strengthen the development of green finance in underdeveloped regions. The emphasis should be laid on the researches and applications of green technology, the formulation of financing policies in innovation compensation and the establishment of a dynamic monitoring system for the ecological environment.
相似文献This research examines the influence of intellectual capital on financial and environmental performance with a mediating role of green supply chain management and a moderating role of financial resources. Structural model estimation was conducted on the data set of 324 Pakistani manufacturing SMEs and showed that intellectual capital significantly encourages green supply chain management as well as significantly contributes to financial and environmental performance. Green supply chain management partially mediates the relationship between intellectual capital and performance both the financial and environmental. Financial resources significantly strengthen the relationship between intellectual capital and green supply chain management. In light of the results, we suggest that firms should encourage intellectuality among their managers and employees to adopt green practices that can improve their financial and environmental performance. In addition, it is also suggested for managers and CEOs to effectively manage financial resources that are necessary for green practices.
相似文献The paper selects the data of 30 regions in China from 2008 to 2020 as the basis to construct a theoretical analysis framework between fiscal decentralization, environmental regulation, and green economy efficiency (GEE). For empirical analysis, the study adopts super-slacks-based measure (SBM) method to measure GEE, and Tobit model is adopted to study the relationships between key constructs under investigation. The key findings of the study are as follows: (1) GEE level is at the upper middle level, and the green economic efficiency varies greatly among regions. The GEE value of the eastern region is the highest and lowest in the west, and the central region is in between. (2) From a national perspective, fiscal decentralization, environmental regulation, per capita gross domestic product (GDP), and urbanization all have a significant negative coefficient on the national GEE, inhibiting local GEE improvement. Foreign direct investment impact on GEE is not significant, but green credit has a significant positive coefficient. (3) From a regional perspective, the effects of fiscal decentralization on the green economic efficiency of western region were not significant, but the sign of coefficient found to be negative. However, in the other two regions, fiscal decentralization has a significant positive impact on GEE. Moreover, environmental regulation impact on GEE is positive in eastern region and negative in western part, and not significant in the central region; economic development can promote GEE in the central region and negative in west, but not significant in eastern region. Foreign direct investment (FDI) shows no significant impact in the eastern region but exists a significant negative impact in the other two regions. Finally, green credit has no significant impact in the central region but exists significant positive effect in the other two regions. This paper studies the green economic efficiency of undesired output, which is of great significance to my country’s future green development and the formulation of environmental regulation policies.
相似文献The empirical research on the relationship between corporate environmental responsibility and environmental performance remains in the one-way positive impact and lacks the research on nonlinear relationship between them. Based on the stakeholder theory, this paper selects A-share chemical–listed companies in China from 2006 to 2017 as the research samples and uses generalized method of moments (GMM) model to investigate the impact mechanism between corporate environmental responsibility and environmental performance. The results showed that corporate environmental responsibility positively impacted on environmental performance; however, the impact was not significant. The corporate environmental performance positively and significantly impacted on environmental responsibility. Moreover, results reported that industry competition played a positive regulatory role in corporate environmental responsibility affecting environmental performance and has played a positive role in corporate environmental impact on environmental responsibility. A nonlinear relationship (inverted “U” shape) between environmental responsibility and environmental performance was found. The study results stress to establish a fair and perfect market competition mechanism to improve the environmental performance of chemical industries in China.
相似文献This paper uses Chinese provincial data from 2006 to 2021 as a sample period to study the relationship between higher education development, industrial structure adjustment, and environmental pollution. Conclusions were as follows: (1) the industry structure adjustment can reduce environmental pollution in Chinese regions except eastern, and the increase in the proportion of the tertiary industry will increase pollution emissions in the eastern region. (2) Although there is a negative correlation between higher education and environmental pollution in China, it is not significant. From different regions, the coefficients in the eastern are positive which means aggravated environmental pollution, and the coefficients in the central region are not significant, but higher education in the western region improves environmental pollution. (3) Urbanization has a significant moderating effect on the national and regional environmental pollution, but in the central and western regions, it is smaller than the eastern region; although environmental regulation has a certain inhibitory effect on environmental pollution, the coefficient in the eastern region is significantly positive, and there is a situation of “more pollution, more control.” Further, the increase of foreign direct investment will aggravate environmental pollution; although the elasticity coefficient in the eastern region is negative, there is a trend of improving environmental pollution, but it is not significant. The study holds promising implications for the development of policies related to education, industry, and the environment. Through the research on the relationship between the three, exploring and improving the regional environmental pollution level from the perspective of higher education and industrial structure have important practical significance for the regional green development.
相似文献On the basis of previous studies on the relations among foreign direct investment (FDI), environmental regulation, and environmental pollution, this work uses provincial panel data from 2000 to 2014 to study the effects of FDI and environmental regulation on environmental pollution by applying the panel-corrected standard error (PCSE) method. This paper then utilizes environmental regulation as the threshold variable to estimate the threshold effects of environmental regulation on FDI’s influence on environmental pollution in a threshold regression model for the eastern, central, and western regions of China. The results show that stricter environmental regulation can substantially reduce the pollution in each region. FDI can decrease environmental pollution in the eastern and central regions, but it can increase pollution in the western region. There are double-threshold effects of environmental regulation on the effects of FDI on environmental pollution in each region. When the environmental regulation level is between the first threshold and the second threshold, FDI can decrease environmental pollution much more in the eastern and central regions and increase environmental pollution much less in the western region.
相似文献The Stone (limestone) and Marble (trade name) Industry (SMI) is one of the most important and active industries in Palestine, as being economically and financially rewarding and greatly beneficial to the public and private sectors. This industry, which employs about 15,000–20,000 workers, contributes 20–25% to the total industrial revenues of Palestine, and 4.5% to the total gross national product. Despite its benefits, SMI has adverse effects on public health, the environment, biodiversity, water systems (both surface and underground), green cover, and ecosystems in general, as it is considered one of the most air- water-, soil-, and noise-polluting sources. To achieve the purpose of this research paper, available data and literature are analyzed, evaluated, and used, in order to provide a comprehensive understanding of the status of SMI, in light of sustainable development. This relates to various perspectives, including limestone geology, geopolitics, socioeconomics, culture, technology, legislation, as well as climate change, acid rain, and harmful effects of the SMI scale on public health and safety, environmental well-being, and challenges facing the industry. Two field studies, carried out in northern and southern West Bank, dealing with particulate matter (PM1, PM2.5, PM7, PM10, and TSP) and environmental pollution, were analyzed, and their results were compared with each other, as well as with the World Health Organization’s (WHO) guidelines. It is found that both West Bank’s areas are heavily polluted, resulting in considerable adverse impacts on public health, the environment, and green cover. Based on the findings of this paper, it is recommended that SMI should properly adhere to WHO guidelines and international standards to make the industry safer and more durable and sustainable, with fewer negative impacts on public health, the environment, and green cover.
相似文献Finance plays a crucial role in a fast-growing economy that can lead to environmental degradation. The present study utilizes balanced panel data of 105 countries for the time span 1980–2016 to investigate empirical linkage among environmental degradations: economy and finance. It also unfolds the nonlinear impact of economy and finance on environmental degradation. Existing literature on environmental issues mainly focuses on individual case studies uncovering particular regions, but the comprehensive analysis is not available. To fill this gap, panels were classified into five divisions: global, regional, income-based, OECD-based, and carbon emission. The cross-sectional dependence test is applied to identify the degree of cross-sectional dependence among concerned 16 divisions. The second-generation panel models (CADF and Westerlund cointegration, DOLS, and DH heterogenous causality) are employed on a sample set to compute to unit root, cointegration, and long-run and short-run dynamics among concerned variables, respectively. The findings infer the inverted EKC and U-shaped EKC in 10 and 3 out of 16 divisions with respect to environmental degradation—economy nexus, respectively, while 8 and 2 out of 16 divisions indicate the inverted EKC and U-shaped EKC, respectively, in terms of environmental degradation—finance nexus. In 12 out of 16 divisions, the energy consumption uplifts the CO2 emissions. The DH causality affirmed a bidirectional causality among economy, finance, and energy consumption, respectively.
相似文献The significance of global green logistics in improving green economic activities is a critically considered and debatable research topic in the context of economic growth and environment. This study aims to analyze the growth and environmental effects of green logistics performance for One Belt and Road Initiative (OBRI) countries over the period 2007–2019. The study used panel data two-stage least squares (2SLS) and generalized method of moments (GMM) estimators with robust inferences. The findings have revealed that green logistics performance improves the economic growth in OBRI, Europe, and MENA economies. While green logistics performance enhances the environmental pollution in OBRI, Central Asia, and MENA economies, it significantly improves the environmental quality in Europe and East and Southeast Asia regions. The control variables have also importance in economic growth and environment in policy implication in OBRI and five sub-regions of OBRI economies. Based on these findings, we can conduct some robust green logistics policies in OBRI.
相似文献As the digital economy develops rapidly and the network information technology advances, new development models represented by the network economy have emerged, which have a crucial impact on green economic growth. However, the relevant previous studies lacked the role of analyzing the direct and indirect effects of internet development on green economic growth at the prefecture-level city level. For this purpose, this paper aims to examine the intrinsic mechanism of the impact of internet development on green economic growth and provide empirical support for cities and regions in China to increase internet construction. Furthermore, the mixed model (EBM), which includes both radial and non-radial distance functions, is applied to calculate the green economic growth index. Fixed effect model and mediation effect model are also employed to test influence mechanisms of the internet development on green economic growth using panel data of 269 prefecture-level cities in China from 2004 to 2019. The statistical results reveal that internet development has contributed significantly to green economic growth. When the internet development level increases by 1 unit, the green economic growth level increases by an average of 5.0372 units. However, regional heterogeneity is evident between internet development and green economic growth, that is, the promoting effect of internet development on green economic growth is gradually enhanced from the eastern region to the western region. We also find that internet development guides industrial structure upgrading improves environmental quality and accelerates enterprise innovation, which indirectly contributes to green economic growth. And internet development mainly achieves green economic growth through enterprise innovation. Based on the above findings, we concluded that policymakers should not only strengthen the guiding role of social actors to promote the stable development of the internet industry, but also foster the construction of the three models of “internet+industry integration,” “internet+environmental governance,” and “internet+enterprise innovation” to promote green economic growth.
相似文献Pollution from supply chains can be controlled through the high level of efficiency realized by green supply chains. However, realizing a green supply chain depends on partners’ collaboration intentions. The purposes of this study are to explore the influence of oligopolies created through government intervention and how they can promote supply chain partners’ collaboration intentions in the context of green supply chains. Spearman’s correlation analysis, partial least squares, and the Sobel test are the main approaches adopted to evaluate the theoretical framework and hypotheses of this study. Our findings indicate that, in addition to a few leaders of the supply chain obtaining market order distribution authority, oligopolies created through government intervention guide consumers to more fully scrutinize these supply chain leaders and their partners. When their partners exhibit a lower collaboration intention in green supply chain improvement and increase the pollution emission risk, it is easy to induce and increase social pressure from consumers and thus pressure these leaders to reduce or even cancel the order distribution of these partners. To avoid order profit loss, these partners will continue to actively maintain their collaboration intentions in the green supply chain. In addition, environmental risk audits by supply chain leaders’ interventions are a common approach to improve green supply chains. However, partners are usually unwilling to cooperate with leaders’ audit interventions and show lower collaboration intentions. However, social pressure can threaten partners’ order profits and thus drive partners to show positive collaboration intentions and further accept leaders’ reasonable interventions in environmental risk audits and will have a positive effect on green supply chain improvement. Based on the above, to expedite the improvement of the green supply chain, oligopolies created through government intervention are not only an important external force but also an important national strategy in green environmental improvement.
相似文献Over the previous two decades, Chinese economic development presented a rapid growth. However, with continuous industrialization and urbanization, China is confronted with great challenges of energy security and environmental issues. These problems are closely related to the current accounting method of economic growth to a certain extent. In order to meet these challenges, it is imperative to establish a green accounting system of economic growth and measure China’s green GDP and its changing trend based on the industrial perspective. Using the System of Environmental Economic Accounting (SEEA) and industry data, this paper estimates China’s green GDP and green value added by industry sectors in 2005, 2007, 2010, 2012, 2015, and 2017. The results reveal the following: First, the ratio of green GDP to traditional GDP gradually increases from 89.85 to 95.83% during 2005–2017, which means that the negative externalities of economic growth of the resource and environment are gradually weakened. Second, the difference between traditional GDP and green GDP during 2005–2017 is about 6.96%, with the carbon emissions accounting for 70.71% of environmental impact. Third, due to more than 80% of the environmental impact coming from three sectors: manufacturing (49.99%), electricity industry (22.63%), and other services (11.37%), these three sectors should be key sectors for energy conservation and emission reduction; fourth, the green GDP of the mining, electricity industries, and manufacturing accounts for the lowest proportion of GDP, which means that the development patterns of these three industries in recent years should be adjusted and optimized step by step.
相似文献East Africa has enormous renewable energy potential, but only a small portion of it has been exploited, and little is known on its role in improving environmental quality. Thus, this study empirically examines the impact of renewable energy on the environment using ecological footprint (EF; positive indicator) and CO2 emissions (negative indicator) as proxy indicators for environmental quality in a panel of ten East African countries from 1990 to 2015. These indicators were chosen due to their potential impact in the environment. The work used the pooled mean group (PMG) as the main panel estimator to determine the impact while controlling non-renewable energy consumption, GDP per capita, and foreign direct investment (FDI). PMG has been used as it forces the long-run coefficients to be equal across all panel groups. The findings show that in the long run, there is a significant negative relationship between CO2 emissions and renewable energy consumption, as well as a significant positive relationship (with a low impact) between EF and renewable energy consumption, suggesting that renewable energy use enhances the area’s environmental quality. Also, results indicate that non-renewable energy use degrades environmental quality in both metrics, whereas GDP degrades environmental quality through CO2 emissions and improves environmental quality through EF. This requires East African countries to focus a higher emphasis on accessible renewable energy sources to achieve quick and sustainable economic growth and minimize environmental effects. To accomplish this, strategic policies and legislation, as well as the promotion of green technology, are required.
相似文献The empirical linkages from tourism, governance, and FDI have been quantified on CO2 emission and energy use over 2002–2014 for a panel of 13 Muslim countries. To this end, we have examined the data for cross-sectional dependence (CD) and panel heterogeneity and employed panel algorithms, which account for both CD and panel heterogeneity. The results from Pedroni, Westerlund, and Kao tests supported the existence of a cointegration association between the chosen variables. In the CO2 model, we observed that tourism positively, and governance negatively, influences the CO2 emission. However, in the case of the energy model, the results of tourism pose a negative relationship, and governance indicates a positive relationship with energy use. The results supported the pollution haven phenomenon, finance, and energy triggered pollution in the study area. Further, the research supported a two-way causality between tourism and CO2, where there is a unilateral causality from governance to CO2. Similarly, a unidirectional causality was obtained from energy towards tourism. Lastly, the key policy recommendations based on the outcomes of the study are encouraging clean energy investment, enhancing good governance, and sustainable tourism development for improving environmental quality.
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