Green Finance and Value Realization of Ecological Products: An Empirical Study Based on the Data of the Top 100 Counties in China

Abstract

Abstract: Green waters and green mountains are golden mountains and silver mountains, and the concept of ecological civilization of Xi Jinping is the key to implementing the harmonious coexistence between humans and nature, promoting high-quality economic development, and promoting the construction of a beautiful China. To realize the ecological value of the counties is a key issue in implementing the“Two Mountains”concept and promoting high-quality economic and social development. Based on the panel data of all the top 100 counties from 2011 to 2020 in the“Top 100 Counties (Cities) in China’s County Economy and County Basic Competitiveness”released in The Research on China’ Economic Top 100 Counties, 2021, this paper calculates the development level of green finance at county level, and conducts an empirical test of the impact of green finance on the realization of the ecological product value at county level. The findings show that green finance has a significant positive impact on the value realization of county-level ecological products. Based on this, it proposes the relevant countermeasures and suggestions to further improve the green financial system, increase the support for green innovation, and promote the cooperation between counties, so as to provide decision-making reference for promoting the realization of the ecological values in counties in the new development stage.

Key words: green finance, ecological product value, green innovation, new development concept

CLC Number:

F062.2

HUANG Xiao-yong, CHEN Fei-yu, ZHA Yu-xin. Green Finance and Value Realization of Ecological Products: An Empirical Study Based on the Data of the Top 100 Counties in China[J]. Journal of Jiangxi University of Finance and Economics, 2023, 0(6): 27-39.

References

[1] Salazar J.Environmental Finance: Linking Two World[R]. Financial Innovations for Biodiversity Bratislava Slovakia.1998, (1): 2-18.
[2] Cowan E.Topical Issues In Environmental Finance[R]. Research Paper Was Commissioned by the Asia Branch of the Canadian International Development Agency (CIDA), 1999, (1): 1-20.
[3] 王军华. 论金融业的“绿色革命”[J]. 生态经济,2000,(10):45-48.
[4] 张文中. 绿色金融:现状、问题与趋势[J]. 新疆财经,2005,(6):38-43.
[5] 陈晓雪, 徐楠楠. 长江经济带绿色发展水平测度与时空演化研究——基于11省市2007—2017年数据[J]. 河海大学学报(哲学社会科学版),2019,(6):100-108+112.
[6] 成金华, 李悦, 陈军. 中国生态文明发展水平的空间差异与趋同性[J]. 中国人口·资源与环境,2015,(5):1-9.
[7] 严成樑, 李涛, 兰伟. 金融发展、创新与二氧化碳排放[J]. 金融研究, 2016,(1):14-30.
[8] Yin W., Kirkulak-Uludag B., Zhang S.Is Financial Development in China Green? Evidence from City Level Data[J]. Journal of Cleaner Production, 2019, 211(FEB.20): 247-256.
[9] 贺俊, 程锐, 刘庭. 金融发展、技术创新与环境污染[J]. 东北大学学报(社会科学版), 2019,(2):139-148.
[10] Hotelling H.The Economics of Exhaustible Resources[J]. Journal of Political Economy, 1931, 39(2): 137-175
[11] Ehrlich I.Capital Punishment and Deterrence: Some Further Thoughts and Additional Evidence[J]. Journal of Political Economy, 1977, 85(4): 741-88.
[12] De Groot R.S. Functions of Nature: Evaluation of Nature in Environmental Planning, Management and Decision-Making[M]. De Groot R. S. Functions of Nature. Groningen: Wolters-Noordhoff B.V., 1993.
[13] Costanza R., D’Arge R. C., De Groot R., et al. The Value of the World's Ecosystem Services and Natural Capital[J]. Nature, 1997, 387(6630): 253-260.
[14] 欧阳志云, 朱春全, 杨广斌, 徐卫华, 郑华, 张琰, 肖燚. GEP核算:概念、核算方法与案例研究[J]. 生态学报, 2013,(21):6747-6761.
[15] 臧正, 邹欣庆. 基于生态系统服务理论的生态福祉内涵表征与评价[J]. 应用生态学报, 2016,(4):1085-1094.
[16] 王莉雁, 肖燚, 欧阳志云, 韦勤, 博文静, 张健, 任苓. 国家级重点生态功能区县生态系统生产总值核算研究——以阿尔山市为例[J]. 中国人口·资源与环境,2017,(3):146-154.
[17] 丘水林, 靳乐山. 生态产品价值实现:理论基础、基本逻辑与主要模式[J]. 农业经济, 2021,(4):106-108.
[18] 赵晓迪, 赵一如, 窦亚权. 生态产品价值实现:国内实践[J]. 世界林业研究,2022,(3):124-129.
[19] Cole M.A., Elliot R. J. R., Okubo T. Trade, Environmental Regulations and Industrial Mobility: An Industry-level Study of Japan[J]. Ecological Economics, 2010, 69(10): 1995-2002.
[20] 余可发. 生态位视角下乡村旅游目的地品牌成长机制研究——以婺源篁岭为例[J]. 江西财经大学学报,2021,(6):13-28.
[21] 尹朝静, 李谷成, 范丽霞, 高雪. 生育期气候变化对我国水稻主产区单产的影响——基于扩展C-D生产函数的实证分析[J]. 中国农业大学学报, 2018,(10):183-192.
[22] 崔静, 王秀清, 辛贤, 吴文斌. 生长期气候变化对中国主要粮食作物单产的影响[J]. 中国农村经济,2011,(9):13-22.
[23] Charles J.S. Additive Regression and Other Nonparametric Models[J]. The Annals of Statistics. 1985, 13(2): 689-705.
[24] Amore M.D., Bennedsen M. Corporate Governance and Green Innovation[J]. Journal of Environmental Economics and Management, 2016, 75(1) : 54-72.
[25] Ghisetti C., Quatraro F.Green Technologies and Environmental Productivity: A Cross-Sectoral Analysis of Direct and Indirect Effects in Italian Regions[J]. Ecological Economics, 2017, 132(Complete): 1-13.
[26] 李凯杰. 环境创新提高了环境生产率吗?——基于省级空间面板模型的研究[J]. 中南财经政法大学学报, 2018,(4):40-50+158.
[27] 杨仁发, 魏琴琴. 营商环境对城市创新能力的影响研究——基于中介效应的实证检验[J]. 调研世界,2021,(10):35-43.