Research On The Impact Of Green Credit On Industrial Structure

In recent years,China's economy has developed rapidly and its economic aggregate ranks second in the world.However,along with economic development,we have also seen serious damage to resources and the environment.Therefore,the traditional mode of economic development needs to be changed and the industrial structure needs to be adjusted.The government gradually attaches importance to the status of green finance in China's industrial structure,and as an important green financial tool,green credit can play a certain role in reducing environmental pollution and transforming and upgrading industrial structure.Banks and other financial institutions have also increased the supply of green credit.In view of this,this paper takes green credit as the entry point.Firstly,on the basis of combing relevant literature,it makes a qualitative analysis of the current situation of green credit and industrial structure.Secondly,the data of 31 provinces and the whole country are selected to carry out grey correlation analysis and panel regression analysis to verify the impact of green credit on industrial structure.Finally,according to the empirical results,the paper puts forward corresponding suggestions for China and various regions on how to better play the role of green credit and promote the development of industrial structure.The research conclusions of this paper are as follows :(1)There is a correlation between green credit and China's industrial structure,with the tertiary industry being the most closely related,the secondary industry the second,and the primary industry the least.(2)Through the establishment of a panel model and the regression analysis based on the data of 31 provinces,it can be seen from the regression results that green credit plays a significant role in promoting the upgrading of China's industrial structure.(3)Based on the heterogeneity analysis,it is found that green credit has different impacts on the upgrading of industrial structure in different regions of China,that is,there are regional differences in the impact of green credit on industrial structure.Green credit can significantly promote the upgrading of industrial structure in the eastern and central regions of China,but it does not promote the upgrading of industrial structure in the western regions.At last,this paper puts forward some suggestions :(1)Increase the investment of green credit,better play the role of financial leverage of green credit,and promote the development of industrial structure.(2)Promote the integrated development of green credit and various industries,increase credit support to the primary industry,promote the continuous optimization of the proportion of various industries,and consolidate China's "three,two and one" industrial structure.(3)Promote coordinated development of green credit in different regions and narrow regional differences.The western region can learn from the development experience of the eastern and central regions to promote the development of green credit in the western region and adjust the industrial structure of our country.