金融发展与工业污染排放--基于空间杜宾模型

Financial Development and Industrial Pollution Emissions--A Test Based on Spatial Dubin Model

金融发展在缓解经济增长与环境污染间矛盾中起着重要作用。基于中国30个省份1999—2018年的数据,采用空间杜宾模型分析金融发展对工业污染排放的作用机制与效果,结果表明:(1)金融深度发展直接促进了工业污染排放,而金融效率发展直接抑制了工业污染排放。(2)金融发展调节了经济规模、产业结构和技术进步对工业污染排放的作用,但调节作用效果因金融发展指标和污染物选取不同而存在差异。(3)经济增长与工业污染排放之间存在“倒N”型环境库兹涅茨曲线关系。

Financial development plays an important role in alleviating the contradiction between economic growth and environmental pollution.Based on the data collected from 30 provinces in China from 1999 to 2018,this article adopts the Spatial Dubin Model to analyze the mechanism and effectiveness of financial development on industrial pollution emissions.The results indicate that:1)the development of financial depth directly promotes industrial pollution emissions,while the development of financial efficiency directly suppresses industrial pollution emissions;2)financial development regulates the impact of economic scale,industrial structure,and technological progress on industrial pollution emissions,but the regulatory effect varies depending on the financial development indicators and pollutant selection;3)there is an inverted N-type environmental Kuznets curve relationship between economic growth and industrial pollution emissions.