金融学院知识库

  2019年习近平主席在河南郑州主持召开黄河流域生态保护和高质量发展座谈会，重点指出要保护黄河流域生态环境，确保黄河流域高质量发展。黄河流域要想在保护生态环境的基础上实现高质量发展，重要途径之一就是发展绿色经济。实践表明，金融发展对于绿色经济增长具有良好的服务作用。那么，在沿黄九省中金融发展能否促进绿色经济增长？城镇开放度、人力资本等的流动是否影响到金融发展对绿色经济的促进作用？对这一问题的深入研究将有助于沿黄九省的绿色经济合作，对于未来建立黄河流域高质量发展和生态保护先行区可以提供借鉴意义。

  本文从理论分析和实证研究两个角度对上述问题进行了深入探讨。在理论分析层面，从信息处理、风险控制、清算结算、资源配置和投后激励等方面探讨了金融发展对绿色经济增长的作用机制；其次，由于科技创新在绿色经济增长中具有重要的调节效应。因此又从其调节变量科技创新视角入手，论述了科技创新对绿色经济增长的作用机理并论述了在加入调节变量后的金融发展对绿色经济整体的作用机理。在实证分析层面，运用熵值法对科技创新指标和绿色经济指标进行指标赋权处理，得到2008-2018年相关省份的综合数据并运用动态空间杜宾模型就金融发展对绿色经济的影响进行进一步实证分析。实证结果显示：黄河流域绿色增长的空间效应正在形成，绿色经济的增长存在显著的正相关性。对于黄河流域来说，金融发展可以促进绿色经济增长。科技创新和金融发展的交互项显著，说明科技创新可以产生调节效应。随着人力资本和开放程度进一步的增加，他们对相邻省份绿色经济也有积极影响。因此，为了确保沿黄生态经济带高质量发展，笔者建议：第一，强化绿色经济增长的引导作用，发挥沿黄生态经济带的正向溢出效应。第二，加大金融发展规模，发挥正向调节效应。第三，加强区域合作，成立区域协调委员会推动沿黄生态经济带绿色经济发展。第四，协调区域绿色经济增长，促进落后地区发展。

  In 2019, President Xi Jinping hosted a symposium on ecological protection and high-quality development of the Huang He in Zhengzhou, Henan Province, focusing on protecting the ecological environment of the Huang He and ensuring high-quality development of the Huang He.One of the important ways for the Huang He to achieve high-quality development based on the protection of the ecological environment is to develop a ecology economy.Practice testify that financial development has serves well for green economic growth.So, can financial development contribute to green economic growth in the nine provinces along the Huang He?Does the openness of cities and towns, the mobility of human capital affect the contribution of financial development to ecology economy?A thorough study of this issue can contribute to the economic cooperation among the 9 provinces on the Huang He and supply implications for the institution of a pioneer zone of high-quality development ,and ecological protection within the Huang He basin within the future.

  This paper provides an in-depth discussion of the above issues from both theoretical analysis and empirical research perspectives.At the amount of theoretical analysis, the mechanism of the role of economic development on ecology economic process is explored in terms of knowledge process, risk management, clearing and settlement, resource allocation and post-investment incentives;Second, since STI has an important moderating effect in green economic growth.Therefore, the mechanism of the role of science and technology innovation on green economy growth is discussed from the perspective of its moderating variable, science and technology innovation, and the mechanism of the role of financial development on the green economy as a whole after adding the moderating variable is discussed.At the amount of empirical analysis, the entropy price technique is employed to assign indicator weights to science and technology innovation indicators and ecology economy indicators to get comprehensive knowledge of relevant provinces from 2008-2018.Further empirical analysis is conducted on the impact of financial development on the green economy using the dynamic spatial Durbin model.The empirical result shows that; the spatial result of ecology growth within the Huang He Basin is taking form and there's a big direct correlation between the expansion of ecology economy.The interaction term between STI and monetary development is important, indicating that STI will have a adjust result.With further increases in human capital and openness, they also have a positive impact on the green economy of neighboring provinces.Therefore, in order to ensure the high-quality development of the eco-economic zone along the Yellow River, we recommend that;First, strengthen the guiding role of green economic growth and bring into play the positive spillover effect of the economic belt along the Yellow River.Second, increase the dimensions of monetary development to push the expansion of the ecology economy.Third, strengthen regional cooperation and establish a regional coordination committee to push the hoist of ecology economy on the Yellow Economic Belt.Fourth, coordinate regional ecology economic process and promote the development of poverity regions.