The local-neighborhood effect of green credit on green economy: a spatial econometric investigation.

ABSTRACT: Green credit is one of the most important financial instruments to promote sustainable development. Taking the provincial panel dataset of China as the research sample, this paper investigates the spatial impacts of green credit on the green economy. The super slack-based measure (Sup-SBM) model with undesirable outputs is employed to calculate the level of green economy within China. On this basis, we establish spatial Durbin models to study the impact of green credit on green economy and its transmission mechanisms. The results show that green credit exhibits a local-neighborhood effect on green economy; that is, the green credit can not only improve the local green economy but also generate spatial spillover effect to promote the development of green economy in surrounding areas. The ab

SUBMITTER: Lei X 

PROVIDER: S-EPMC8316542 | biostudies-literature | 2021 Dec

REPOSITORIES: biostudies-literature