A Study On The Impact Of Green Finance N High-Quality Economic Development

In recent years,the development of the Chinese economy has required promoting high-quality growth of the socialist national economy as the theme,coordinating the advancement of industrialization,agricultural modernization,urbanization,informatization,and greenization as proposed by the Central Committee of the Communist Party of China.The deep integration of green economic development and industrial development,and the deep integration of green finance and green environmental ecological economy,are important supports for achieving high-quality development of the green ecological economy,as well as important areas supporting high-quality economic development in theory.In theory,green finance will affect high-quality economic development,so exploring and analyzing the laws of development of green finance and high-quality economic development and analyzing in-depth the impact of green finance on high-quality economic development is a research topic with practical significance.Therefore,this thesis takes the impact of green finance on high-quality economic development as the research topic to study and draw important theoretical and practical conclusions.Against this background,this thesis,based on the review of relevant literature,summarizes the current academic research on the impact of green finance on high-quality economic development,designs the research framework and research methods of this thesis,and scientifically measures green finance and high-quality economic development,analyzes the changing laws of green finance and high-quality economic development and preliminarily analyzes their relationship.Furthermore,this thesis takes the economic high-quality development index as the explained variable,green finance as the core explanatory variable,and R&D expenditure,urbanization level,labor force,per capita disposable income of urban residents,fiscal expenditure,and foreign direct investment as control variables,constructs a panel model controlling for provinces and years.This thesis further conducts empirical regression of the model and carries out heterogeneity,robustness,and endogeneity treatment to deeply analyze the threshold effect of the impact of green finance on high-quality economic development.Through the research,this thesis draws the following conclusions:Green finance has made significant achievements,but regional differences are apparent.Green finance has a positive driving effect on the high-quality development of the ecological economy.The degree to which regional GDP affects the impact of green finance on high-quality economic development has a threshold effect.Furthermore,this thesis proposes the following policy recommendations:Promote China’s investment and development focus on green and clean energy and the large-scale ecological economy,and use green finance to help accelerate the adjustment of the green economic structure.Green finance services should focus on supporting green technological progress,helping to comprehensively improve the level of green economic development in eastern and developed economic regions.Green finance services should start with the supply and demand relationship of carbon trading and the flow of funds for carbon trading,refine and optimize market service goals,give full play to the overall advantages of large green financial funds,and help improve the structural supply and demand relationship of the carbon trading market.In the development of the green economy,the government,enterprises,society,and banks should collaborate to take advantage of the overall fund flow advantages of the large green finance system.Use broad green finance theory innovation to promote practice.