金融支持区域绿色发展的机理研究

发布时间：2018-06-06 23:31

本文选题：金融发展 + 绿色发展　；参考：《湖南大学》2014年硕士论文

【摘要】：自20世纪80年代开始，中国经济取得了飞速增长，但这些增长是以巨大的能源和资源消耗以及严重的环境污染作为代价的。2013年开始弥漫于许多城市的雾霾更加凸显了转变经济发展方式，走绿色发展道路的迫切性。作为现代经济的核心之一，金融可以发挥促进经济发展方式转变的积极作用。但金融如何具体发挥其作用的问题存在争议，尚未厘清。因此，有必要深入探讨金融提升区域绿色发展水平的影响渠道及其效果以更合理地制定相关政策。本文认为金融通过资本支持、资本配置、企业监督和绿色金融四个机理影响绿色发展。利用2001-2011年中国30个省域面板数据，借助生态效率反映区域绿色发展水平，运用空间杜宾模型和Arcgis工具实证研究了各机理的相对重要性及其空间溢出效应。主要发现有：相对而言，企业监督效应和资本配置效应的作用更显著；前者对当地绿色发展的积极影响相对最大，但长期中才会对周边区域的绿色发展产生积极的空间溢出效应；后者对当地绿色发展具有显著影响，，但空间溢出效应不显著；金融危机后资本支持效应和长期贷款的监督效应得到了加强,但证券市场的监督效应则反而削弱并产生负面影响；绿色金融效应及其空间溢出均不明显，暗示着有必要加强金融支持绿色产业和环境保护的力度。金融支持绿色发展的政策重点可能在于加强资金使用监督，而不仅是加大资金投入。结合理论、实证结果分析，本文对我国金融支持绿色发展提出加强金融机构对企业的资金使用监督、提升金融市场资本配置效率、加大金融机构对绿色环保投入、支持技术研发创新、加快建立污染权交易场所等建议。
[Abstract]:Since the 1980s, China's economy has achieved rapid growth. But these increases come at the expense of huge energy and resource consumption and severe environmental pollution. The haze, which began to pervade many cities in 2013, underscores the urgency of changing the way the economy is growing and taking a green path. As one of the core of modern economy, finance can play a positive role in promoting the transformation of economic development mode. However, the issue of how to play a specific role in finance is controversial and has not yet been clarified. Therefore, it is necessary to probe into the influence channels and effects of improving the regional green development level in order to formulate relevant policies more reasonably. This paper argues that finance influences green development through four mechanisms: capital support, capital allocation, enterprise supervision and green finance. Based on the panel data of 30 provinces in China from 2001 to 2011, the relative importance of each mechanism and its spatial spillover effect are studied by using spatial Doberbin model and Arcgis tool, using ecological efficiency to reflect the level of regional green development. The main findings are as follows: relatively speaking, the effects of enterprise supervision and capital allocation are more significant, and the former has the greatest positive impact on local green development. But in the long run, it will produce positive spatial spillover effect on the green development of the surrounding area, the latter has significant influence on the local green development, but the spatial spillover effect is not significant. After the financial crisis, the capital support effect and the supervision effect of long-term loan have been strengthened, but the supervision effect of the securities market has been weakened and has a negative impact, the green financial effect and its spatial spillover are not obvious. Hinting at the need to strengthen financial support for green industry and environmental protection. Financial support for green development policy may focus on strengthening the supervision of the use of funds, not just increase capital investment. Based on the theory and empirical results, this paper proposes to strengthen the supervision of financial institutions on the use of funds for enterprises, to enhance the efficiency of capital allocation in financial markets, and to increase the investment of financial institutions in green environmental protection. Support technology development and innovation, accelerate the establishment of pollution rights trading sites and other proposals.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832;F124.5

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