Financial Structure and Green Technological Progress: Theoretical Model, Influencing Effect and Action Mechanisms
GONG Yuanyuan1, LIU Zhangsheng2
1. School of Economics, Henan University of Economics and Law, Zhengzhou 450046, China; 2. School of City Construction, Jiangxi Normal University, Nanchang 330022, China
Abstract Based on the provincial level of green technology progress in China from 2007 to 2017, this paper uses the improved Solow Model to analyze the impact of financial structure on green technology progress. The results show that financial structure optimization can directly promote the progress of green technology, and there is a significant U-shaped relationship between environmental regulation and green technological progress. The financial structure promotes the advancement of green technology by increasing the investment in innovation and expanding the technology market. The study also indicates that urbanization rate and economic extroversion to a certain extent will inhibit the improvement of green technological progress level. This study has a reference value for giving full play to the promoting role of financial services to the real economy and making the optimal financial structure policy.
2021, Vol. 38 
