Under the background of the new development concept and the “dual carbon” goals, China has also put forward new requirements for economic growth. Green finance is committed to optimizing the ecological environment and actively supporting the vigorous development of green industries. Its impact on economic growth has become an important topic in the study of China’s economic development. This study uses provincial panel data and fixed-effect models to explore the relationship between green finance and economic growth. It also explores whether the impact of green finance on economic growth will produce differences in different regions. Through data analysis and model construction, this study finds that there is a positive correlation between green finance and economic growth, and the impact of green finance on economic growth varies by region. Among them, the impact on the eastern region is significantly positive, while the impact on the central and western regions is weaker than that of the eastern region. Finally, based on theoretical analysis and empirical regression results, this study puts forward policy suggestions for promoting economic growth through green finance.

Yang Xiaojin, Xue Ziyi. A Heterogeneous Study on the Impact of Green Finance on Economic Growth: An Empirical Analysis Based on Provincial Panel Data. Academic Journal of Humanities & Social Sciences (2024) Vol. 7, Issue 8: 97-103. https://doi.org/10.25236/AJHSS.2024.070816.

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