An Empirical Study On The Support Of Green Finance To The Ecological Economic Development In The Western Region Of China

With the rapid development of China's economy for more than 40 years,remarkable achievements have been made in terms of the total amount and quality of the economy.At the same time,the imbalance and conflict between the economic development and the ecological environment have gradually emerged.With the transformation of the major social contradictions in China,the imbalance between the two is more obvious.As a new financial tool,green finance can effectively eliminate the imbalance while promoting economic development The destruction of ecological environment is an important way to realize the sustainable development of economy.In 2016,the guidelines on building China's green financial system jointly issued by the State Council and other relevant government departments strictly regulate the development system and direction of green finance,which is of great significance for green finance to promote the ecological development of economy and support the transformation and upgrading of enterprises.The western region of China has a vast territory,a small population and a large number of ethnic groups;the climate is dry and rainless,soil erosion and land desertification are serious;it has a unique and diverse cultural circle,rich tourism resources;oil,coal,iron,nickel and other mineral resources are rich,except for Sichuan and Shaanxi,which are all underdeveloped areas in China.The proportion structure of the three industries is unreasonable,and the main economy The economic pillar industry is dominated by traditional industries,and the proportion of ecological planting industry and ecological agriculture is small.The development of ecological regional economy is still facing great resistance to the ecological environment.Therefore,it is particularly urgent to promote the ecological development of regional economy in Western China through green finance.This paper based on the literature review,this paper summarizes the research work of domestic and foreign researchers on green finance and regional economic ecology.Then,the paper studies and analyzes the relevant theories of green finance supporting regional economic ecological development,and the current situation of green finance development in China.On this basis,taking 12provinces(autonomous regions / municipalities directly under the central government)in the western region of China as the research object,it constructs an empirical model of green finance promoting regional economic ecological development in the western region of China,and analyzes the western region of China The influence mechanism of Green Finance on the ecological development of local economy.Then,select the relevant indicators,use the panel data of provinces(autonomous regions / municipalities directly under the central government)in the western region of China from 2003 to 2017,and use the fixed effect model for empirical analysis;research results: the western region of China vigorously develops green finance,actively promotes the process of Urbanization,increases the investment level of scientific and technological research and development,encourages the transformation and upgrading of enterprises for cleaner production,and actively Adjusting the proportion of threeindustries makes the industrial structure more reasonable,which helps to promote the ecological development of regional economy in Western China.Finally,combined with the relevant theories and empirical results,some suggestions and inspirations are given for the development of green finance in the western region of China to support the ecological development of the local economy.This paper is divided into five chapters.The first chapter mainly includes the research background,significance,literature review,research methods,innovation and shortcomings.The second chapter is the theoretical overview,including the connotation of green finance,the connotation of regional economic ecological development,the relationship between green finance and regional economic ecological development,relevant theories(externality,Pigou tax and Coase theorem,Kuznets curve).The third chapter systematically analyzes the development of green finance in China.The fourth chapter carries on the empirical analysis,first is the selection standard of the empirical indicators,the measurement of the green financial development level of each province(autonomous region / municipality directly under the central government)in the western region of China,the measurement of EPCI,and the measurement of the ecological level of regional economy.The second is the empirical analysis stage.The results show that green finance has a significant positive impact on the ecological development of regional economy,which is conducive to the sustainable development of economy.The fifth chapter puts forward some enlightenment on the relevant countermeasures based on thetheoretical and empirical results.