Advances in Economics, Management and Political Sciences
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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
Series Vol. 3 , 21 March 2023
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The Governance Effect of China's Green Finance Policy from an International Perspective
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Abstract
Most of the previous studies on the utility of green financial policies have focused on provincial data, exploring the differences between different provinces at the same time; few have focused on China as the main body, focusing on the positive effects of national-level green financial policies on the rapid development of the economy and society effect. Based on the macro data of 43 countries, this paper uses the SBM model of undesired output to measure the main characteristics of social and economic development. It estimates the net effect of China's green financial policy through the non-parametric synthetic control method. The study found that China's green financial policy has a significant positive effect on the improvement of factor productivity. Further exploration of the predictor variables shows that China's industrial structure and technical level are relatively low, and the use efficiency of green financial funds and government green finance need to be optimized.
Keywords
green finance policy, international comparison, factor productivity, nonparametric synthetic control method
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
- ISBN (Print)
- 978-1-915371-15-7
- ISBN (Online)
- 978-1-915371-16-4
- Published Date
- 21 March 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/3/20220781
- Copyright
- © 2023 The Author(s)
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited