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.
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收藏
页数：11
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