绿色金融发展能缓解“资源诅咒”吗?——基于中国省级面板数据的实证分析  

Could Green Finance Alleviate the Resource Curse——Empirical Analysis Based on China's Provincial Panel Data

作　　者：徐烜 杨正勇[2] 孙天慧[1] XU Xuan;YANG Zhengyong;SUN Tianhui(Business School,Shanghai Xingjian College,Shanghai 200072;College of Economics and Management,Shanghai Ocean University,Shanghai 201306)

机构地区：[1]上海行健职业学院数字商贸学院,上海200072 [2]上海海洋大学经济管理学院,上海201306

出　　处：《管理现代化》2024年第6期167-176,共10页Modernization of Management

基　　金：国家社会科学基金一般项目“‘双碳’目标下基于碳达峰情景预测的我国城市群差异化减排研究”(22BGL203)。

摘　　要：本文基于2000—2022年中国25个省份的面板数据,采用面板固定效应模型、中介效应模型和门槛回归模型,分析了绿色金融发展对资源诅咒的影响。研究结果表明,绿色金融发展对于资源诅咒具有显著的负向作用;按地理区位分,其缓解资源诅咒的效果强度依次为东部、西部和中部。其次,绿色金融可以通过促进科技创新、产业结构升级和对外开放的方式缓解资源诅咒。此外,绿色信贷和绿色债券水平在绿色金融缓解资源诅咒的作用中均发挥了单一门槛效应,只有当其跨过相应门槛值时,其影响效果才能得到更显著和更大程度的体现。因此,建议加强宣传推广,因地制宜地制定加大科技创新投入、促进产业结构升级和扩大对外开放的具体政策,优先布局大数据、人工智能产业,同时提升环保、低碳类信贷产品和债券产品在金融市场相对规模和市场接受度,使绿色金融缓解“资源诅咒”的效应更充分发挥,加快地区经济生态化转型及健康、可持续发展。Based on panel data from 25 China’s provinces from 2000 to 2022,the study analyzed the impact of green finance on resource curse by using panel fixed effects model,mediation effect model,and threshold regression model.Firstly,the results indicate that the development of green finance has a significant negative effect on resource curse.The alleviating effects are ranked from strong to weak in the eastern,western,and central regions according to geographic location.Secondly,green finance can alleviate the resource curse by promoting technological innovation,upgrading industrial structure,and expanding opening up.Thirdly,green credit and green bonds both play a single threshold effect in alleviating the resource curse though green finance.And when green credit or green bonds crosses the corresponding threshold value,its impact can be more significant and reflected to a greater extent.Therefore,it is recommended to strengthen publicity and promotion of green finance,formulate specific policies tailored to local conditions to increase investment in scientific and technological innovation,promote industrial structure upgrading,and expand opening up.While enhancing the relative scale and market acceptance of environmental protection,low-carbon credit products and bond products in the financial market,prioritize the layout of big data and artificial intelligence industries.Give full play to the effect of green finance in alleviating the resource curse,accelerating the ecological transformation of regional economy,and promoting healthy and sustainable development.

关 键 词：绿色金融 资源诅咒 产业结构升级 科技创新 对外开放 

分 类 号：F062.1[经济管理—政治经济学] F832.0