Abstract
With the development of China’s economy, some problems such as ecological imbalance, serious pollution of the environment, low utilization of natural resources and so on, are followed. Green economy and green finance are very necessary to alleviate these problems. Based on the annual data of China's green finance and green economy from 2004 to 2017, we build a VAR model to empirically analyze the dynamic relationship between green economy and green finance. The empirical results indicate that increasing investment in green finance positively affects the development of green economy; simultaneously, green economy also has a certain degree of impact on green finance, which has a restraining effect in the early stage, but with the growth of time, green economy is also important to green finance. This study explores the interaction mechanism between green finance and green economy, which is important to promote ecological civilization construction, green economic development and sustainable development.
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