Author(s)

Yanping Wang ^1,2, Huifang Tao ²

Affiliation(s)

¹ College of Politics and Administration, Tianjin Normal University, Tianjin, 300387, China
² College of Finance and Taxation, Lanzhou University of Finance and Economics, Lanzhou, Gansu, 730020, China

Corresponding Author

Huifang Tao

ABSTRACT

Taking the introduction of the green financial reform and innovation pilot zone in 2017 as a quasi-natural experiment, the impact of the green financial reform pilot zone on the high-quality development of the economy is studied. The results demonstrate that the pilot policy has helpful effect to the high-quality development of China. The results at different latitudes demonstrate that the policies have an apparent influence on innovation and greening of the economy, the economic green development, and the economic sharing development, but the impact effect on the economic high efficiency and structural optimization is not significant. Further research shows that there is regional heterogeneity in the high-quality by pilot policy, and the policy impact is more significant in the city samples in the eastern area. This paper provides a good research perspective for understanding the relationship between green finance and high-quality economic development, provides evidence for promoting pilot policy nationwide, and provides value to follow for improving the green financial system and economic high-quality construction.

KEYWORDS

Double-difference Approach, Green finance, Control Variables, Descriptive Statistics

CITE THIS PAPER

Yanping Wang, Huifang Tao, A Study on Whether the Green Finance Reform and Innovation Pilot Zone can Promote High Quality Economic Development—Empirical Examination Based on Data from 286 Prefecture-level Cities. Information Systems and Economics (2024) Vol. 5: 138-147. DOI: http://dx.doi.org/10.23977/infse.2024.050219.

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