绿色金融促进产业结构升级研究--来自中部六省的经验证据

Research on Green Finance Promoting the Upgrading of Industrial Structure--Empirical Evidence from Six Provinces in Central China

本文基于2009—2019年中部六省绿色金融发展与产业结构升级数据,构建面板固定效应回归模型,揭示绿色金融发展对产业结构升级的影响效应。结果表明:绿色金融总体促进产业结构升级。其中,绿色信贷与绿色证券显著促进产业结构升级;绿色保险促进产业结构升级,但这种促进作用微乎其微;绿色信贷与绿色证券之间的互补效应略高于替代效应;绿色信贷与绿色保险之间的替代效应显著大于互补效应;绿色证券与绿色保险之间的替代效应略大于互补效应。

Based on the data of green finance development and industrial structure upgrading in six central provinces from 2009 to 2019,a panel fixed effect regression model is constructed to reveal the impact of green finance development on industrial structure upgrading.The results show that green finance is generally conducive to promoting the upgrading of industrial structure.Among them,green credit and green securities significantly promote the upgrading of industrial structure.Green insurance is also conducive to promoting the upgrading of industrial structure,but this promotion is very little.The complementary effect between green credit and green securities is slightly greater than the substitution effect.The substitution effect between green credit and green insurance is signifi cantly greater than the complementary effect.The substitution effect between green securities and green insurance is slightly greater than the complementary effect.