Green investment and quality of economic development: Evidence from China

被引：0
|
作者：
Wu, Yan [1 ]
Sun, Hongmin [2 ]
Zhang, Lixia [1 ,3 ]
Cui, Can [4 ]
机构：
[1] Xinjiang Univ, Sch Econ & Management, 666 Shengli Rd, Urumqi 830046, Xinjiang, Peoples R China
[2] Johns Hopkins Univ, Krieger Sch Arts & Sci, 3400 N Charles St, Baltimore, MD 21218 USA
[3] Yancheng Teachers Univ, Coll Business, Yancheng 224007, Peoples R China
[4] China Minsheng Banking Corp, 20 Hongwu North Rd, Nanjing 211100, Jiangsu, Peoples R China
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2025年 / 103卷
基金：
中国国家自然科学基金;
关键词：
Green investment; Economic development quality; Green and low carbon; Spillover effect; Threshold effect;
D O I：
10.1016/j.irfa.2025.104147
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Green investment, a key element of green finance, is vital for enhancing the quality of economic development (EDQ); however, green investment remains understudied. This study developed a comprehensive evaluation index for EDQ, considering five factors: innovation, coordination, greenness, openness, and sharing. Findings show that green investment enhances EDQ through industrial structure transformation and upgrading, green technological innovation, and carbon reduction. We also find that green investment has a significant positive spillover effect on EDQ. Green investment significantly promotes EDQ in the eastern region of China and in areas with higher levels of economic and financial development. The positive impact of green investment on EDQ becomes significant when per capita GDP exceeds a certain threshold and increases as per capita GDP increases.
引用
收藏
页数：11
相关论文
共 50 条
  • [1] Spatiotemporal Evolution of Green Finance and High-Quality Economic Development: Evidence from China
    Liu, Ziying
    Shen, Zhenzhong
    Chang, Wenqian
    Zhao, Yingxiu
    SUSTAINABILITY, 2024, 16 (13)
  • [2] Has Green Credit Promoted High-Quality Economic Development? Evidence from China
    Zhao, Lulu
    Ye, Jingjing
    POLISH JOURNAL OF ENVIRONMENTAL STUDIES, 2025, 34 (01): : 463 - 474
  • [3] The Level of Regional Economic Development, Green Image, and Enterprise Environmental Protection Investment: Empirical Evidence from China
    Gan, Quanxin
    Yang, Liu
    Liu, Jin
    Cheng, Xiaofan
    Qin, Han
    Su, Jiafu
    Xia, Weiyi
    MATHEMATICAL PROBLEMS IN ENGINEERING, 2021, 2021
  • [4] Quality of life and regional economic development: Evidence from China
    Cui, Yuhu
    Tian, Hu
    An, Dong
    Jia, Yonghua
    PLOS ONE, 2024, 19 (05):
  • [5] Allocation of Financial Resources and Green Economic Development: Evidence from China
    Liu, Leilei
    Tang, Yao
    Luo, Xiaowei
    SUSTAINABILITY, 2024, 16 (17)
  • [6] EFFECT OF GREEN FINANCE ON REGIONAL ECONOMIC DEVELOPMENT: EVIDENCE FROM CHINA
    Mao, Qian
    Ma, Xiaoxin
    Shi, Lin
    Xu, Jing
    TRANSFORMATIONS IN BUSINESS & ECONOMICS, 2021, 20 (3C): : 505 - 525
  • [7] The Role of Financial Inclusion, Green Investment and Green Credit on Sustainable Economic Development: Evidence from Vietnam
    Nguyen Van Hoa
    Phung Van Hien
    Nguyen Cong Tiep
    Nguyen Thi Xuan Huong
    Tran Thi Hoang Mai
    Pham Thi Lan Phuong
    CUADERNOS DE ECONOMIA-SPAIN, 2022, 45 (127): : 1 - 10
  • [8] The nexus of green investment, high-quality economic development, and carbon emissions in China: evidence according to an ARDL-ECM approach
    Wan, Yuanyuan
    Su, Haiyang
    ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024, 26 (09) : 22953 - 22974
  • [9] Management myopia and green investment: Evidence from China
    Jin, Meilin
    Li, Xinyao
    Liu, Bei
    Li, Jincheng
    MANAGERIAL AND DECISION ECONOMICS, 2024, 45 (08) : 5290 - 5305
  • [10] How does government environmental investment promote green development: Evidence from China
    Wang, Qin
    Zhou, Chao
    PLOS ONE, 2023, 18 (10):
12345