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Academic Journal of Business & Management, 2020, 2(3); doi: 10.25236/AJBM.2020.020304.

Analysis of the Promotion Effect of Green Finance on Economic Growth--Taking Jiangsu Province as an Example

Author(s)

Rongzhou Zhang, Ruoyu Shi

Corresponding Author:
Rongzhou Zhang
Affiliation(s)

School of Economics and Management, Tianjin Polytechnic University

Abstract

Green finance is a financial system arrangement that promotes the sustainable development of the ecological environment. This paper divides green finance into broad green finance and narrow green finance, and measures the scale of regional green finance based on the existing statistical data, and then uses the spatial panel measurement research method to empirically analyze the impact of green finance on economic growth. This paper divides green finance into broad green finance and narrow green finance, and measures the scale of regional green finance based on the existing statistical data, and then uses the spatial panel measurement research method to empirically analyze the impact of green finance on economic growth. Compared with the generalized green finance, the promotion effect of narrow green finance on economic growth has been reduced. Aiming at the development of corporate green internet finance, this article puts forward suggestions: perfect corporate green financial industry development policies and guarantee mechanisms; establish and improve corporate green internet finance organization and governance structure; develop and innovate corporate green internet finance products and tools.

Keywords

Green finance; spatial panel measurement; empirical analysis

Cite This Paper

Rongzhou Zhang, Ruoyu Shi. Analysis of the Promotion Effect of Green Finance on Economic Growth--Taking Jiangsu Province as an Example. Academic Journal of Business & Management (2020) Vol. 2, Issue 3: 20-26. https://doi.org/10.25236/AJBM.2020.020304.

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