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Environmental science and pollution research international
Mar, 2024;31 (13): 20001-20016.

Spatial coupling coordination and interactive response between green finance and green total factor productivity: geographical analysis based on Chinese provinces, 2010-2020.

Lingui Qin, Songqi Liu, Yi Wang, Hengyu Gu, Tiyan Shen
Author Information
  1. Lingui Qin: School of Economics and Management, Shenyang Agricultural University, Shenyang, 110866, China.
  2. Songqi Liu: School of Economics and Management, Shenyang Agricultural University, Shenyang, 110866, China.
  3. Yi Wang: School of Economics and Management, Shenyang Agricultural University, Shenyang, 110866, China.
  4. Hengyu Gu: School of Geography and Ocean Science, Nanjing University, Nanjing, 210023, China. hygu@nju.edu.cn. ORCID
  5. Tiyan Shen: School of Government, Peking University, Beijing, 100871, China.
PMID: 38367106 DOI: 10.1007/s11356-024-32218-z

Abstract

Based on the panel data of 30 provinces in China from 2010 to 2020, this study uses the coupling coordination degree model (CCDM), spatial autocorrelation analysis, and the panel vector autoregression (PVAR) model to quantitatively examine the dynamic coordination and interactive response of green finance (GF) and green total factor productivity (GTFP). The results show that the coupling coordination degree (CCD) between GF and GTFP during the study period shows an overall increasing trend and significant regional differentiation and remains at the medium level, indicating large room for improvement. The CCDs of provinces fluctuate between the low and high types. The distribution gradually shifts from a "high in the south and low in the north" pattern to a "high in the east and low in the west" configuration. The spatial difference of coupling development continues to expand and presents a significant spatial positive correlation. In addition, GF and GTFP in China exhibit significant self-reinforcing characteristics, but the reinforcing effect gradually decreases. There is only a unidirectional interaction relationship between GF and GTFP, which is GF actively fosters the advancement of GTFP, while the influence of GTFP on GF appears less pronounced. This research provides comprehensive insights into the dynamic interaction between GF and GTFP.

Keywords

Coupling coordination degree model Green finance Green total factor productivity Interactive response PVAR model

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Grants

  1. 21CJY026/National Social Science Fund of China

MeSH Term

China
Economic Development
Efficiency
Spatial Analysis
Journal Article

Word Cloud

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