Financial development and environmental pollution control - an analysis of intermediary effect based on technological innovation

• Autorzy: Han Li , Li Ting

Identyfikatory

DOI

10.2478/eces-2023-0026

• Języki publikacji: EN

Abstrakty

EN

Based on the rapid development of green finance and the panel data of 30 provinces in China (excluding Tibet, Taiwan, Hong Kong and Macao) from 2007 to 2020, to deeply discuss the relationship between financial development (FD), technological innovation and environmental pollution (EP) control is the centre of this article by using panel fixed-effect and intermediary effect model. The influence of FD on EP is tested by building a benchmark regression model. In addition, the intermediary effect model is adopted to explore how FD affects EP control through technological innovation mechanism. The conclusions show that China’s FD can effectively promote regional EP control on the whole, and FD can improve EP through technological innovation mechanism, but there is significant regional heterogeneity: compared with high government intervention areas, FD can promote EP control through technological innovation in low government intervention areas. Therefore, it is suggested that all regions promote the construction of financial infrastructure, upgrade the level of regional financial marketisation, speed up the realisation of regional technological innovation and EP control. This work is conducive to the formulation of appropriate government policies to promote the improvement of the financial system and the establishment of innovative mechanisms, and the reasonable reduction of government intervention and the improvement of the efficiency of financial resource allocation based on the needs of financial market players.

Słowa kluczowe

EN

financial development; FD; environmental pollution; EP; technological innovation; intermediary effect

PL

rozwój finansowy; zanieczyszczenie środowiska; innowacje technologiczne; efekt pośredni

• Wydawca: Towarzystwo Chemii i Inżynierii Ekologicznej
• Czasopismo: Ecological Chemistry and Engineering. S
• Rocznik: 2023
• Tom: Vol. 30, nr 2
• Strony: 251--258
• Opis fizyczny: Bibliogr. 16 poz., tab.

Twórcy

autor

Han Li

• School of Management, Qufu Normal University, Rizhao, Shandong 276800, China

• https://orcid.org/0000-0002-5595-6013

autor

Li Ting

• School of Transportation Engineering, Shandong Jianzhu University, Jinan, Shandong 250101, China

• https://orcid.org/0009-0009-5799-5583

Bibliografia

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).