政策性金融、环境基础设施与绿色发展  

Policy Finance,Environmental Infrastructure,and Green Development

作　　者：王伟[1] 张烨宁 Wang Wei;Zhang Yening

机构地区：[1]辽宁大学金融与贸易学院

出　　处：《金融经济学研究》2024年第5期164-176,共13页Financial Economics Research

基　　金：国家社会科学基金重点项目(22AJY017)。

摘　　要：以服务国家战略为宗旨的政策性金融,在实现绿色发展战略中具有特殊的功能作用。阐述政策性金融通过影响环境基础设施建设,进而作用于绿色发展的机理机制,并利用2008—2021年中国31个省、市、自治区数据构建面板传递和门限效应模型,对此进行实证检验。研究结果显示,政策性金融能够提升环境基础设施的供给水平,以此对绿色发展产生积极影响。该影响在不同区域和不同金融科技水平下的表现不同。当前政策性金融尚未与政府财政及商业性金融形成合力,共同强化环境基础设施供给。由于环境基础设施建设的特点,政策性金融对绿色发展的积极影响存在减速门限效应。因此,政策性金融应继续提升服务质量,积极与财政、商业性金融构建良好的合作关系,支持环境基础设施供给,进而有效推动绿色发展。Policy finance,aimed at serving national strategic objectives,plays a distinct role in advancing green development strategies.This study discusses the mechanisms through which policy finance influences the construction of environmental infrastructure,thereby impacting green development.Utilizing panel data from thirty-one provinces,municipalities,and autonomous regions in China from 2008 to 2021,this study constructs panel transmission and threshold effect models to empirically examine these relationships.The findings indicate that policy finance enhances the provision level of environmental infrastructure,which positively affects green development.The impact varies across different regions and levels of financial technology.Currently,policy finance has not yet synergized with government fiscal policies and commercial finance to robustly strengthen the supply of environmental infrastructure.Owing to the characteristics of environmental infrastructure construction,there is a deceleration threshold effect in the positive impact of policy finance on green development.Therefore,policy finance should continue to improve service quality and actively build cooperative relationships with fiscal and commercial financial sectors to support the supply of environmental infrastructure and effectively promote green development.

关 键 词：政策性金融 绿色发展 环境基础设施 减速门限效应 

分 类 号：F830[经济管理—金融学]