Abstract
Land finance is an important means for local governments to develop a regional economy. Studying the impact of land finance on green economic growth has important practical significance for achieving high-quality economic growth in China. This article uses panel data from 283 prefecture-level cities in China to construct a spatial econometric model to study the impact of land finance on green economic growth. The research results show that land finance has a significant inhibitory effect on the growth of the green economy. The direct, indirect and total effects of land finance on green economic growth are all significantly negative, which indicates that the local government’s method of making up for the financial funding gap through land finance not only inhibited the green economic growth in the region, but also had an impact on neighboring areas. Local government competition has a regulating effect on the impact of land finance and urban green economic growth, and government competition has actually strengthened the inhibitory effect of land finance on green economic growth. The above conclusions can provide useful practical guidance for optimizing the development of land finance, standardizing local government behavior, and promoting green economic growth.
Highlights
In order to solve the problems caused by climate and environmental changes in the process of economic development, both developed and developing countries are constantly exploring new methods of sustainable development
The low-carbon economic model characterized by low energy consumption, low pollution and low emissions has been recognized by the world and has formed the development concept of green economy
In order to solve a series of problems such as resource waste and environmental pollution in the process of China’s economic development, the Chinese government proposed a method to develop a green economy in 2017
Summary
In order to solve the problems caused by climate and environmental changes in the process of economic development, both developed and developing countries are constantly exploring new methods of sustainable development. The essence of green economy is a sustainable economy with coordinated development of ecology and economy It is an economic growth model characterized by the maintenance of human settlements and the protection of resources and energy. The Japanese government has formulated a green innovation development strategy, trying to achieve green economic growth by increasing investment in green technology innovation. In order to solve a series of problems such as resource waste and environmental pollution in the process of China’s economic development, the Chinese government proposed a method to develop a green economy in 2017. Building an energy-saving and emission-reducing production system, restricting enterprise energy consumption and pollution emissions and other market behaviors, encouraging technological innovation to promote green production. It should be noted that the market has a fundamental role in the allocation of economic resources, the economic system of the public ownership economy determines that the Chinese government still has a strong influence on economic growth
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