The Influence Of Green Finance On Economic Growth Under Endogenous Growth Theory

Resource constraints,ecological environment destruction,environmental pollution and other issues,the root of this is that economic development relies too much on external environmental input and ignores the recycling and full utilization of resources and energy,resulting in environmental pressure.The government alone is weak in tackling environmental problems.The fundamental way to relieve the pressure of the external environment is to practicing the concept of green development,giving full play to green financial financing,resource allocation,risk control,provide information and other functions to help the environmental protection industry.This paper sorts out the domestic and foreign research literature,theoretically analyze the endogenous nature of green finance and the endogenous mechanism of green finance on economic growth.through the combination of green finance and environmental pollution function,it is finally introduced into the endogenous growth model,analyzing the endogenous effect of green finance on economic growth from mathematical model.By introducing green finance into the endogenous growth model,analyze the endogenous effect of green finance on economic growth from the mathematical model.Mathematical model results show:Green finance has a positive effect on economic growth by increasing resource utilization.The empirical part takes the western region as an example to analyze the relationship between green finance,green industrial structure and economic growth,Clarify whether the development of green finance promotes the formation of a green industrial structure in the west to promote economic growth.The conclusion of the research on the grey correlationanalysis is:The impact of green finance in Chongqing,Shaanxi,Qinghai,Ningxia and Xinjiang on green industrial structure is not obvious,the impact of green industrial structure on economic growth is obvious.Sichuan,Guizhou,Yunnan and Gansu provinces have more obvious influences on green industry structure and green industry structure on economic growth.In general,the development path of green finance in the western region to promote the development of green industrial structure and thus affect economic growth is not obvious.The research conclusion of the PVAR model is:The impact of western green finance on green industrial structure and economic growth is not significant;The impact of green industrial structure on economic growth is not significant;Therefore,the development path of western green finance to promote the formation of green industrial structure and thus affect economic growth is not obvious.If the western region can vigorously develop green finance,it will inevitably have an impact on the western economy and the adjustment of the western industrial structure.Green industry structure adjustment can have an impact on economic growth.Therefore,the western region should vigorously develop green finance,exert force on the green industrial structure,and lay a solid foundation for economic growth.