Abstract
China’s economy is changing from high-speed growth to high-quality development. Environmental governance investment is an important measure to promote high-quality economic development. According to the Environmental Kuznets curve, there is an inverted U-shaped relationship between environmental pollution and economic growth. And in the long run, the green investment in environmental governance will certainly promote economic growth; but in the short term, a large amount of money used to control pollution will inevitably have a negative impact on economic growth. Based on empirical analysis, this paper studies the relationship between environmental governance investment and economic growth in China. The conclusion shows that there is a positive correlation between environmental governance investment and economic growth in China at this stage, and based on this, some suggestions are put forward.
Highlights
Since the reform and opening up, China's economy has gained the world's attention
In the theoretical system of green GDP, there should be a positive correlation between investment in environment and green GDP
What is the relationship between increased investment in the environment and GDP in the current GDP system? The empirical study of this paper draws the following conclusions: (1) Based on the empirical model, green investment has a positive impact on China's economic growth in recent years
Summary
Since the reform and opening up, China's economy has gained the world's attention. as a developing country, China's economic activities inevitably lead to resource depletion and environmental pollution. In recent years, China has invested a large amount of investment in environmental governance to alleviate the problem of environmental pollution. Under the background of green GDP accounting system not put into practice, what kind of impact will the investment in environmental governance have on GDP? In the long run, green investment will certainly promote economic growth; but in the short term, a large amount of money used to control pollution will inevitably have a negative impact on economic growth. At the present stage of China, what kind of role does green investment play in environmental governance for economic growth? This paper holds that the effect of the investment on economic growth should be negative at first, and turn into promoting effect when the economy develops to a certain stage
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