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
  • [21] Study on the influence mechanism of green investment to promote green ecological development: Evidence from the provincial level in China
    Peng, Ruikun
    Huang, Huichun
    Zhang, Xinchao
    ENERGY & ENVIRONMENT, 2024, 35 (05) : 2678 - 2698
  • [22] Outward foreign direct investment, green financial development, and green total factor productivity: evidence from China
    Xin Guo
    Jiang Wang
    Environmental Science and Pollution Research, 2023, 30 : 47485 - 47500
  • [23] Green Credit Policy and Investment Decisions: Evidence from China
    Ling, Xiaoting
    Yan, Lijuan
    Dai, Deming
    SUSTAINABILITY, 2022, 14 (12)
  • [24] The impact of green credit on firms' green investment efficiency: Evidence from China
    Li, Lifang
    Qiu, Lexin
    Xu, Fangming
    Zheng, Xinwei
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 79
  • [25] Effect of Investment in Environmental Protection on Green Development of Industrial Enterprises: Evidence from Central China
    Zhang, Changzheng
    Zhang, Yanbing
    Wang, Yafei
    TEHNICKI VJESNIK-TECHNICAL GAZETTE, 2023, 30 (01): : 341 - 347
  • [26] Economic policy uncertainty and corporate investment: evidence from China
    Meng, Xiangyuan
    Guo, Haoge
    Li, Jie
    ECONOMIC CHANGE AND RESTRUCTURING, 2023, 56 (06) : 4491 - 4529
  • [27] Economic policy uncertainty and corporate investment: evidence from China
    Xiangyuan Meng
    Haoge Guo
    Jie Li
    Economic Change and Restructuring, 2023, 56 : 4491 - 4529
  • [28] The Impact of Health Investment on Economic Growth: Evidence from China
    Shen, Qingyuan
    Chang, Binbin
    Yin, Guoyu
    Wang, Wendong
    IRANIAN JOURNAL OF PUBLIC HEALTH, 2020, 49 (04) : 684 - 692
  • [29] Economic policy uncertainty and corporate investment: Evidence from China
    Wang, Yizhong
    Chen, Carl R.
    Huang, Ying Sophie
    PACIFIC-BASIN FINANCE JOURNAL, 2014, 26 : 227 - 243
  • [30] Political uncertainty and high-quality economic development: Evidence from China
    Li, Xing
    Zhao, Chunkai
    Chen, Boou
    Liu, Zimin
    SCIENCE PROGRESS, 2023, 106 (02)
12345