Green Finance Development,upgrading Industrial Structure And Economic Growth

In recent years,green development has received constant attention from the society.Facing the COVID-19,the downswing in GDP growth,the unbalanced development of economic and industrial structures,with the arduous task of environmental protection,how to strive for high-quality economic growth and green development is task of top priority.At present,our country has reached an important moment of economic development,which emphasize the high-quality sustainable development.At the same time,my country is entering a critical period of industrial upgrading,development potential energy change and economic development mode change.It should guide industrial upgrading for the quality improvement of our country’s economy.At present,green finance has become an important means for my country to realize the coordinated development between environment and economy.That can guide funds to invest in green fields through the market allocation function,so as to promote the transformation of polluting industries,blossom the green industries,and help the upgrading of industrial structures.At the same time,under the requirement of carbon neutrality,which will surely become the new driving base of the economy.Therefore,this thesis studies the relationship between green finance and economic growth from both theoretical and empirical levels,and investigates the mechanism of action between industrial structure and the first two.In the theoretical analysis part,concerned theories are summarized as the support,and the linkage effect and internal mechanism of the three are further analyzed,then analyze the current development status of the three.In the empirical analysis part,firstly,an indicator system is constructed to measure the development level of green finance using a subjective and objective way;secondly,the panel data of 30 provinces in our country from 2008 to 2019 is used as the research object,and a scientific measurement is constructed based on assumptions and program design.model to test the relationship between green finance and economic growth;thirdly,and using mediation effect to test the internal logical mechanism,industrial structure upgrading can be used as the intermediary channel of the influence on these two;finally,industrial structure upgrading is used as a threshold variable to examine green finance Threshold effect on economic growth.These researches finds: First of all,green finance is in the rising stage of development,but there is a level gap among areas,with the high level and fastest growth rate in the east,the second in the central and the minimum in the west.Second,green finance can notably and directly accelerate economic growth,but from a regional perspective,only the eastern region has a more significant role.Thirdly,the upgrading of industrial structure has significant mediating effect.Fourth,the upgrading can raise the function of green finance.Combined with the empirical research conclusions,viable measures and advice are proposed following,as a whole to upgrade green finance,according to local conditions planning it,and accelerate the upgrading industrial structure.