绿色金融、绿色创新与经济高质量发展  

Green Finance,Green Innovation,and High-quality Economic Development

作　　者：文书洋 刘浩[1] 王慧[1] WEN Shuyang;LIU Hao;WANG Hui(Institute of Chinese Financial Studies,Southwestern University of Finance and Economics)

机构地区：[1]西南财经大学中国金融研究院,四川成都610000

出　　处：《金融研究》2022年第8期1-17,共17页Journal of Financial Research

基　　金：国家社科基金重点项目(19AZD010);教育部人文社会科学研究西部和边疆地区青年基金项目(21XJC790012);国家社会科学一般项目(20BJY255);西南财经大学中国特色金融理论研究平台;中央高校基本科研业务费专项资金;中央财经大学可持续金融研究团队的支持,感谢匿名审稿人的宝贵意见,文责自负。

摘　　要：在可持续增长理论的基础上,本文将减排技术内生化,建立带有环境约束并包含金融部门的经济增长模型,解释了绿色金融通过支持绿色创新提升经济增长质量的内在机制。这一理论得到了基于中国省级面板数据中介效应分析的支持。本文为绿色金融的经济学建模提供了新的思路,推进了绿色金融的“功能”理论,论证了绿色金融对经济增长质量影响的“绿色创新渠道”,这意味着绿色金融不限于对少数清洁行业的支持,针对高污染、高能耗行业内部环保技术升级的金融服务也至关重要,是未来绿色金融政策需要关注的问题。Green is the“background color”of high-quality economic development.As the largest developing country and the world's largest carbon emitter,China's participation is necessary for achieving global carbon neutrality.China has pledged to achieve the goals of“carbon peaking”and“carbon neutrality”by 2030 and 2060,respectively.Green finance will have a major role in realizing green economic reform and promoting high-quality economic development.Thus,understanding the mechanism linking green finance and high-quality economic development and testing its actual effects are of interest to policymakers and academics.In recent years,many studies have focused on the macroeconomic effects of green finance.The latest empirical evidence suggests that green finance can indeed promote green economic growth,but its transmission mechanism remains unclear.Technological progress is the primary driving force for green growth,and one basic function of finance is to support technological innovation for economic development.A small number of studies have demonstrated that green finance can optimize resource allocation,but they do not explain the internal impact mechanism by which green finance improves the quality of economic growth.It is necessary to understand these issues from theoretical and empirical perspectives.Starting from the literature and economic facts,this paper proposes a theoretical mechanism hypothesis:green finance can promote green economic development by supporting green innovation,building an endogenous green innovation and an economic growth model with financial sectors,and discusses in detail how green finance can support green innovation.Compared with previous green finance macro models,the model in this paper includes the endogenization of green innovation.Green innovation in this paper is different from the clean technology selection model.It is not a technology type that distinguishes industries but an endogenous emission reduction technology based on innovative research and development to reduce pol

关 键 词：绿色金融 经济增长质量 绿色创新 

分 类 号：F124[经济管理—世界经济] F832[环境科学与工程—环境科学] X196