Abstract
Abstract The role of financial agglomeration in China's green development has generated many fascinating debates for scholarly research, but few studies have considered environmental effects of financial agglomeration from the spatial spillover perspective. Taking both natural and socio-economic factors into accounts, this paper explores the interaction between financial agglomeration and green development using the panel data of 285 prefecture-level Chinese cities from 2003 to 2015. The results show that both financial agglomeration and green development have demonstrated a trend of spatial convergence. Secondly, financial agglomeration can promote the green development of both focal and surrounding cities. Thirdly, financial agglomeration is conducive to enhance regional green development level in Western China, while only Eastern and Central China witness significant spatial spillover effects. Fourthly, the direct effect of financial agglomeration on green development at the city level exists, whereas megacities and large cities witness a significantly adverse spatial spillover effect. This paper also presents policy recommendations.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
