Abstract
The development of environmental protection industry (EPI) has connection with many factors, such as policy, market and economic factors. Different factors have complex mutual influence, and the sensitivity of EPI to policy is higher than other industries, so its development has its own characteristics. This paper adopted the method of system dynamics (SD) to analyze the promoting effect of Financial policy on the development of EPI regarding the environmental protection market (EPM) as the carrier of EPI, and taking the Supply and the market concentration degree (MCD) as the characterization object. The research conclusion shows that Financial policy has an obvious effect on both Supply and MCD, among which the effect on Supply shows a constant scale effect, while the effect on MCD shows a decreasing scale effect.
Highlights
Financial policy plays an important role in industrial development
LIN Dejian (2018) empirical analysis results show that the effect of Financial policy to environmental protection industry (EPI) development is mainly manifested in capital investment, different types of Financial policy factors play different roles
EPI has its own particularity in development, this paper focuses on the impact of Financial policy on EPI
Summary
Financial policy plays an important role in industrial development. LIN Dejian (2018) empirical analysis results show that the effect of Financial policy to EPI development is mainly manifested in capital investment, different types of Financial policy factors play different roles. WU Qian (2018) believes that green finance can effectively solve the problem of financial investment in EPI, drive economic progress, improve industrial internal structure and accelerate the development of EPI [5]. LIU Xiliang and WEN Shuyang (2018) did empirical analysis and proved that the financial machine Structural credit decision can significantly affect the quality of economic growth [6]. The above scholars have studied the impact and role of Financial policy on industrial development from different perspectives,there are few studies on the development of EPI based on financial support. EPI has its own particularity in development, this paper focuses on the impact of Financial policy on EPI
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