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Research On The Effect Of Green Credit On The Optimizing And Upgrading Of Industrial Structure

Posted on:2020-05-05Degree:MasterType:Thesis
Country:ChinaCandidate:Y M LiFull Text:PDF
GTID:2439330596486747Subject:applied economics
Abstract/Summary:PDF Full Text Request
The first Industrial Revolution and the second Industrial Revolution made mankind enjoy the dividend of rapid economic development,but also suffered from the damage caused by the inadequate protection of the natural environment in this process.Western developed countries bear the brunt in this respect,so in 1974,starting from Germany,there was an attempt to protect the environment through the allocation of funds.The most representative is the Equator Principle formulated in2003.In the process of industrialization,China has also encountered similar situations with developed countries.The extensive development in the early stage has brought about serious air pollution,water pollution and land pollution.Under the background of promoting the construction of ecological civilization,this issue has attracted more and more attention.It is imperative to change the mode of economic development and promote industrial restructuring.Through its fund allocation function,green finance guides funds from high pollution and high consumption industries to green environmental protection industries,thus promoting industrial restructuring.China is actively advocating and practicing the concept of sustainable development,and striving to actively explore and promote the development of green finance to guide industrial restructuring.In 2016,the G20 Summit held in Hangzhou put green finance on the agenda and set up a research group on green finance.In practice,green credit accounts for a large proportion of the composition of green finance,and its role in promoting the optimization and upgrading of industrial structure can not be ignored.Therefore,it is of great practical significance to study how green credit promotes the optimization and upgrading of industrial structure.This paper studies the role of green credit in promoting the optimization and upgrading of industrial structure from both theoretical and empirical aspects.In theory,firstly,the relevant literature on green credit promoting industrial structureoptimization at home and abroad is sorted out;secondly,after introducing the connotation of green credit and industrial structure optimization respectively,the five mechanisms of green credit acting on industrial structure optimization and upgrading are analyzed;finally,the development course and current situation of green credit and industrial structure as well as the situation of green credit on industrial structure optimization are summarized.In the empirical aspect,the data from 2004 to 2016 at the national level are selected,and the grey correlation analysis method is used to prove that there is a correlation between the ratio of green credit and the optimization and upgrading of industrial structure,and the correlative degree of the ratio of green credit and the proportion of the tertiary industry is the largest,followed by the secondary industry and the weakest in the primary industry.The significant positive impact of green credit on the optimization and upgrading of industrial structure is proved by the autoregressive distributed lag model.Finally,based on the theoretical and empirical results,combined with the problems existing in green credit supporting industrial upgrading,the paper puts forward some countermeasures and suggestions on green credit promoting industrial structure optimization and upgrading.
Keywords/Search Tags:green credit, industrial structure optimization, grey relation analysis, autoregressive distributed lag model
PDF Full Text Request
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