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Academic Journal of Business & Management, 2024, 6(6); doi: 10.25236/AJBM.2024.060616.

Spatial Effects of Financial Resource Allocation Efficiency on Green Total Factor Productivity


Xiaomin Yang

Corresponding Author:
Xiaomin Yang

School of Economics, Hebei GEO University, Shijiazhuang, Hebei, 050031, China


Accelerating the realization of green development has gradually become the mainstream trend of economic and social transformation, and efficient financial resource allocation can provide financing support and risk management for green economic transformation. The study analyzes the impact of financial resource allocation efficiency on green total factor productivity by constructing a dynamic spatial Durbin model with panel data of 30 regions in China from 2011 to 2022. The results show that financial resource allocation efficiency can promote the green total factor productivity of local and neighboring regions in the short term, and in the long term, it has a more significant role in promoting local green total factor productivity. Efforts should be made to promote the rational allocation of financial resources, reduce the financing threshold for enterprises and green projects; promote the deep integration of financial science and technology with the green industry; and strengthen financial supervision, as well as the evaluation and testing of green financial projects.


Financial Resource Allocation Efficiency; Green Total Factor Productivity; Dynamic Spatial Durbin Modeling

Cite This Paper

Xiaomin Yang. Spatial Effects of Financial Resource Allocation Efficiency on Green Total Factor Productivity. Academic Journal of Business & Management (2024) Vol. 6, Issue 6: 102-109. https://doi.org/10.25236/AJBM.2024.060616.


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