Open Access Journal Article

Spatial Effect of Green Finance Development on Regional Green Innovation Efficiency

by Shuo Luo a  and  Yuchen Shen b,*
a
School of Economics and Management, Guangxi Normal University, Guilin ,China
b
School of Economics and Finance, Queen Marry University of London, London, England
*
Author to whom correspondence should be addressed.
EAL  2024 3(4):71; https://doi.org/10.58567/eal03040006
Received: 4 November 2024 / Accepted: 24 December 2024 / Published Online: 27 December 2024
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Abstract

Green finance is an important driving force to promote green innovation and achieve green development. In order to deeply explore the internal relationship between green finance and green innovation efficiency, this paper selects China's provincial panel data from 2012 to 2023, uses the entropy method and super efficiency SBM model to measure the green finance development index and green innovation efficiency of each province, and on this basis, chooses to construct the spatial Durbin model with fixed effects for empirical analysis and effect decomposition. The results show that: (1) From 2012 to 2023, the development level of green finance and green innovation efficiency of China's provinces will increase year by year with the development of economic base; (2) The green innovation efficiency of provinces with better economic foundation and perfect infrastructure is also at a high level; (3) The level of green finance development, productivity, fiscal revenue and expenditure and urbanization not only have a direct effect on the green innovation efficiency of the region, but also have a spatial spillover effect on the neighboring regions.

Keywords: Green finance; Regional green innovation efficiency; Super-SBM model; The spatial Durbin model;
Copyright: © 2024 by Luo and Shen. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Luo, S.; Shen, Y. Spatial Effect of Green Finance Development on Regional Green Innovation Efficiency. Economic Analysis Letters, 2024, 3, 71. https://doi.org/10.58567/eal03040006
AMA Style
Luo S, Shen Y. Spatial Effect of Green Finance Development on Regional Green Innovation Efficiency. Economic Analysis Letters; 2024, 3(4):71. https://doi.org/10.58567/eal03040006
Chicago/Turabian Style
Luo, Shuo; Shen, Yuchen 2024. "Spatial Effect of Green Finance Development on Regional Green Innovation Efficiency" Economic Analysis Letters 3, no.4:71. https://doi.org/10.58567/eal03040006
APA style
Luo, S., & Shen, Y. (2024). Spatial Effect of Green Finance Development on Regional Green Innovation Efficiency. Economic Analysis Letters, 3(4), 71. https://doi.org/10.58567/eal03040006

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