Author(s)

Luying Cheng ¹

Affiliation(s)

¹ School of Business, Nanfang College Guangzhou, Guangzhou, Guangdong, 510900, China

Corresponding Author

ABSTRACT

This article addresses the issue of the coordinated development of green finance and circular economy in the economically advanced provinces of Jiangsu, Zhejiang, and Shanghai in Chinese mainland. A comprehensive evaluation framework is constructed, drawing upon relevant theoretical research, to measure the development index of green finance and the status of circular economy. Based on the provincial-year panel data from 2013 to 2021 in the Jiangsu, Zhejiang, and Shanghai regions, the comprehensive indicators are calculated using the entropy method, and the coupling coordination model is employed to analyze the coordinated development relationship between the circular economy and green finance in the region. The theoretical analysis thoroughly examines the mechanisms of the coordinated development of green finance and circular economy in the three regions, while the empirical analysis further verifies the degree of coordination and coupling. Finally, based on the findings from the theoretical and empirical analyses, targeted policy recommendations are proposed.

KEYWORDS

CITE THIS PAPER

Luying Cheng, Study on the Coupled and Coordinated Development of Green Finance and Circular Economy in Jiangsu, Zhejiang and Shanghai . Information Systems and Economics (2024) Vol. 5: 193-207. DOI: http://dx.doi.org/10.23977/infse.2024.050424.

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