Research On The Impact Of Green Finance On The High Quality Economy Development Of Yellow River Basin

Since the reform and opening up,China’s economy has maintained a high rate of growth and has now become the second largest economy in the world.However,along with economic growth,there is a serious imbalance between economic development and resource endowment and environmental carrying capacity,and the past sloppy growth model is no longer adapted to the future needs of sustainable economic development.The20 th Party Congress report clearly points out that high-quality development is the primary task of China’s comprehensive construction of a modern socialist power,to focus the development of the economy on the real economy,and to promote financial better service to the real economy.The Yellow River Basin is an important ecological barrier and core economic zone in China.Currently,the ecological protection and high-quality development of the Yellow River Basin have been upgraded to a major national strategy,and promoting the high-quality economic development of the Yellow River Basin is an important step to implement the strategy of high-quality development,promote the coordinated development of the region,and build a socialist modernization in an all-round way.Green finance,as an organic integration of finance and green development,provides strong support for the development of the real economy and the improvement of the ecological environment.And what is the relationship between green finance and high-quality economic development?What is the impact of green finance on the high-quality economic development of the Yellow River Basin? How to play the role of green finance to promote regional economic quality development deserves our in-depth study.This paper empirically investigates the impact of green finance on economic quality development in the Yellow River Basin based on data from nine provinces(regions)in the Yellow River Basin from 2011-2021.Firstly,this paper explores the mechanism and influence path of green finance affecting economic quality development by combing the relevant literature on green finance and economic quality development,and puts forward the research hypothesis of green finance for economic quality development in the Yellow River Basin.Secondly,we construct the measurement indexes of green finance and economic quality development,use the panel data model to empirically analyze the impact path of green finance on economic quality development from the regional level.Then the heterogeneity of the Yellow River basin is analyzed in terms of geographic space,policy time,and economic development level,and the mechanism of the impact effect is analyzed by using mediating effect and group regression,so as to verify the research hypothesis of this paper and provide theoretical basis for improving the level of regional economic quality development.Finally,the results of the empirical study and the actual situation of the Yellow River Basin provinces(regions)are combined to put forward targeted policy recommendations.The results of this paper show that: green finance can significantly promote the high-quality economic development in the Yellow River Basin,and industrial structure upgrading plays a mediating role in green finance and high-quality economic development;there are obvious differences in the effects of green finance on the high-quality economic development of the provinces and regions in the Yellow River Basin,with the most significant effects on the less developed upstream regions,and the improvement of the top-level design is conducive to promoting the green The impact effect of green finance is also improved.Therefore,the provinces(regions)in the Yellow River Basin should take into account local conditions,strengthen the construction of green financial infrastructure,play the role of policies to promote green finance;cultivate green and innovative market players,accelerate the transformation and upgrading of industrial structure;innovate regional green financial services model,and improve the mechanism of green finance to support high-quality economic development,so as to inject new momentum into the high-quality economic development of the Yellow River Basin.