Effect of Green Investment on High-quality Economic Development in China under the New Era

Shuyi Chen

《Frontiers in Economics and Management》 2卷5期 (2021/05) Pp. 369-376

https://doi.org/10.6981/FEM.202105_2(5).0049

摘要

This article assesses the level of high-quality economic development of provinces and cities from 2011-2019 in five major aspects: innovation, coordination, green, openness and sharing. and research on the spatial impact of green investment on China's high-quality economic development based on Durbin model. The results are as follows: (1) The high quality development level of China's economy is on the rise, however, considerable differences exist in the level of high quality economic development among provinces and municipalities; (2) The high-quality development level of economy among regions has the spatial spillover effect of green investment in geographical proximity, and it presents spatial aggregation. (3) The influence of green investment on quality economic development is spatially correlated, but this relevance varies depending on the spatial weighting matrix. Lastly, countermeasures are suggested on how green investment can contribute to high-quality economic development.

關鍵字

Green Investment ； High Quality Development ； Principal Component Analysis ； Durbin Model

參考文獻

P. R. Martin,D. V. Moser, Managers' green investment disclosures and investors' reaction[J]. Journal of Accounting and Economics, vol.61, no.1, pp. :239-254, 2016.

T. Sueyoshi, Y. Yuan. Comparison among U.S. industrial sectors by DEA environmental assessment: Equipped with analytical capability to handle zero or negative in production factors[J]. Energy Economics, vol. 7, no. 01, pp. 1-18, 2015.

Q. K. Qian,E. H. W. Chan, H. Visscher,S. Lehmann, Modeling the green building (GB) investment decisions of developers and end-users with transaction costs (TCs) considerations[J]. Journal of Cleaner Production, vol. 1, no. 109, pp. 315-325, 2015.

X. J. Chao, K. Hui, Measurement of the quality of China's economic growth [J]. Research on quantitative economy, technology and economy, vol. 26, no. 6, pp. 75-86, 2009.

X. J. Chao, B. P. Ren, Analysis on time series change and regional difference of China's economic growth quality [J]. Economic research, vol. 46, no. 4, pp. 26-40, 2011.