Research On Spatial Spillover Of Financial Agglomeration To Green Economy Efficiency

The energy transition under the goal of carbon neutrality has made the development of China’s green economy step into the fast lane,and the efficiency of green economy under the constraints of resources and environment has become the core of green economy research.The efficiency of green economy comprehensively reflects the regional economic effect,social effect and ecological effect,and its efficiency and balance can effectively promote the process of high-quality economic development in China.Financial agglomeration has gradually become an important driving force to promote the development of China’s green economy and improve the efficiency of the green economy,and influences the efficiency of the green economy in surrounding areas through radiating and driving effects.In this context,it is of great significance to explore the spatial effect and attenuation boundary of financial agglomeration on the efficiency of green economy from the perspective of spillover to improve the efficiency of regional green economy and boost high-quality development.Based on the inter-provincial research level,this paper empirically investigates the spatial spillover effect of financial agglomeration on green economic efficiency and its regional boundary.First of all,this paper summarizes the existing domestic and foreign relevant literatures from the three aspects of measuring the efficiency of green economy:the mechanism of financial agglomeration’s influence on the efficiency of green economy and the spatial spillover effect,and expounds the mechanism of financial agglomeration’s influence on the efficiency of green economy from the two aspects within and outside the region.Secondly,based on the super efficiency SBM model to measure the efficiency of green economy,the Moran’s I index of green economy efficiency is calculated,and its spatial correlation is analyzed accordingly.Thirdly,the spatial Durbin model is used for the preliminary estimation test,and the direct and indirect effects and total effects of financial agglomeration on the efficiency of green economy are further studied by partial differential decomposition method.Meanwhile,the regional attenuation boundary of financial agglomeration affecting the efficiency of green economy is investigated by taking the geographical distance factor into consideration.Finally,based on the above empirical analysis results,relevant countermeasures and Suggestions are proposed.The main research conclusion of this paper is that the improvement of financial agglomeration level can not only promote the improvement of local green economy efficiency,but also help to drive the green economy efficiency of surrounding areas,and has a stronger effect on the green economy efficiency of surrounding areas.At the same time,the spatial spillover of financial agglomeration on green economic efficiency conforms to the attenuation law of geographical distance,that is,with the increase of geographical distance,the spillover effect of financial agglomeration gradually decreases.Based on the above research conclusion,this paper respectively from the build "to the point with surface" multi-level financial system,the implementation of differentiation of green economy development strategy,promote more form across the regional economic cooperation,optimized soft environment for talent development and knowledge absorbing angle put forward corresponding countermeasures and suggestions,which will in order to solve the sharp contradictions of China’s economic growth and environmental protection,helping decision basis for the development of high quality.The innovation of this paper lies in the introduction of the geographical distance factor to investigate the spatial attenuation boundary of financial agglomeration on the spillover effect of green economic efficiency,so as to better understand the impact range and direction of financial agglomeration on the spillover effect of green economic efficiency.