绿色信贷政策是否促进了中国工业绿色转型--基于行业异质性的实证分析

Does the Green Credit Policy Promote the Green Transformation of China’s Industry:An Empirical Analysis Based on Industry Heterogeneity

基于2012年《绿色信贷指引》构造准自然实验,构建工业绿色转型评价指标体系,以中国2006—2017年36个工业行业数据为样本进行测算分析,采用合成控制与双重差分相结合的方法,实证检验在行业异质性的角度下绿色信贷政策对工业绿色转型的影响。研究表明:2006—2017年,中国工业绿色转型效率均值稳步上升且行业间绿色转型效率差异呈扩大趋势,清洁生产型行业绿色转型效率值普遍较高且呈不断上升,但污染密集型行业绿色转型水平较低;绿色信贷政策对各工业行业影响效果不一,污染密集型行业中,对有色金属冶炼和电力热力生产和供应业行业绿色转型具有显著促进作用,而对黑色金属矿采业、有色金属矿采业和非金属矿物制品业等行业绿色转型发展具有抑制作用。

The article used the 2012 Green Credit Guidelines to implement a quasi-natural experiment,based on the green transformation data of 36 industrial sectors in China from 2006 to 2017,and combined the synthetic control method with double differential to empirically test the impact of green credit policies on my country’s industrial green transformation.The study found that the average value of the green transformation efficiency of China’s 36 industrial sectors has fluctuated and increased,but the green credit policy has different impacts on the green transformation of different industrial sectors;in addition,the green credit policy has impacts on ferrous metal mining and non-ferrous metal mining.The green transformation of most energy-intensive industries,such as mining and non-metallic mineral products,has a restraining effect,while it has a significant role in promoting the green transformation of a few high-energy-consuming industries such as gas production and supply.