Study On The Influence Of Green Finance On The Development Of Industrial Structure In China

In the modern economic development,environmental issues are the main problems faced by all countries.Countries recognize the importance of sustainable economic development and have introduced many relevant policies to change the mode of economic development.China has proposed a green development war,circular development and low carbon development.The development of green finance is in line with the overall national policy requirements.The development of industry requires the support of funds,while green finance has the function of fund aggregation and regulation.Therefore,analysis of green finance is particularly important when analyzing the development of industrial structure.This paper sorts out relevant literatures on green finance,industrial structure development and the relationship between the two,and sorts out China's green finance related policies,and analyzes the status quo of China's green finance development from three aspects: environment,finance and society.At the same time,it analyzes the status quo of China's industrial structure development and summarizes the problems existing in the development of the two.Then define the concept of green finance and define the scope of industrial structure research.According to relevant theories and concepts,we will establish an indicator system for green finance from the three perspectives of environment,finance and society to comprehensively consider the development level of green finance in China.Secondly,from the output value structure,employment structure,industrial structure,and industrial structure,the industrial structure development index system is constructed.On this basis,the panel fixed effect empirical model is established,and the relevant data of China from 2006 to 2016 is used to empirically test the impact of green finance on the development of industrial structure.The research results show that: First,the development of green finance and industrial structure has a positive correlation,that is,the development of green finance can directly promote the development of industrial structure.However,the driving force of green finance for the development of industrial structure is still at a relatively low level.Second,there is a negative correlation between economic growth and industrial structure development,mainly because China's economic development still relies on extensive industrialization.Third,there is a negative correlation between human capital and industrial structure development.Fourth,the guiding role of the government has a positive effect on the development of industrial structure.Fifth,from the regression results,there is a negative correlation between technological progress and industrial structure development.