Allocation Of Financial Resources Research Articles

Asymmetries in energy consumption: Efficiency of public spending across Portuguese municipalities

The efficient allocation of public financial resources to energy consumption in Portuguese municipalities is one of the most discussed topics in public finance, given the growing relevance of sustainability and energy efficiency. The study analyzes how public spending affects energy efficiency through a combination of data analysis and hypotheses testing to assess the relationship between public spending and energy consumption. The methodology includes DEA analysis of the financial data and energy consumption of the municipalities, as well as the definition of hypotheses to determine the possible correlations between investment and efficiency. The results suggest that, in general, municipalities with higher levels of public spending have lower levels of energy efficiency. Meanwhile, municipalities with smaller budgets and fewer resources tend to be more efficient. The DEA analysis of the data suggests that energy efficiency is not directly related to the size and/or economic aptitude of municipalities but rather to their ability to adopt new technologies and more efficient budgetary and financial management practices. The hypotheses tested show varying levels of efficiency in public spending in relation to energy consumption. The study also concludes that public policies should focus on technological innovation and benchmarking to improve energy efficiency. The analysis suggests that collaboration between municipalities and the adoption of best practices are essential to tackle regional disparities and promote energy sustainability. AcknowledgmentsThis article is financed by Instituto Politécnico de Lisboa [Polytechnic Institute of Lisbon].

A review on the school dental services in Sri Lanka

The school dental program in Sri Lanka is operated under the Ministry of Health (MOH) in collaboration with the Ministry of Education to improve the oral health of schoolchildren. The Oral Health Unit of the Family Health Bureau (FHB), which is under the MOH, is the national focal point for the provision of school dental services. This program provides health promotion activities to prevent the most common oral diseases among schoolchildren and treatment of existing diseases. Preventive measures focused on schoolchildren are the most cost-effective measure to improve the oral health of schoolchildren and will reduce the cost of oral healthcare in adulthood. School dental therapists (SDTs) play an important role at the point of service delivery by executing oral health promotion, screening, preventing, treating, and referring for an appropriate level of care. The objective of this review is to explore the school dental services provided under the Oral Health Unit to provide recommendations for improvement. Data collection was done from July 2023 to August 2023. Qualitative data were collected through semistructured key informant interviews. In addition, a desk review was done to collect secondary data available at the Oral Health Unit, FHB, to explore the present situation of the services. Data were analyzed using the content analysis method. “Inadequacy of service coverage” was identified as the main problem in school dental services in Sri Lanka, leading to a higher prevalence of untreated oral diseases among schoolchildren. The root causes for this problem were mainly human resource related. Other root causes were related to financial support, infrastructure, resource allocation, and processes. This review proposes human resource-related strategies to address those root causes. This recommends increasing the human resources for the service coverage, motivating the SDTs and developing their capacity to deliver the service at the point of care.

Internal control of the commercial bank resource use efficiency

Subject. This article considers the methodological approaches to the analysis of banking resources from the point of view of their possible use in controlling the efficiency of resource provision and funding of commercial banks. Objectives. The article aims to test standard analytical methods used in the analysis of economic indicators characterizing the efficiency of banking activities in order to draw conclusions about the possibility of their application to control the risks of resource availability. Methods. For the study, we used induction and deduction, analysis and synthesis, modeling, comparison, extrapolation, abstraction, as well as financial analysis and analytical calculations of indicators developed by the banking regulator to identify risk areas and determine key economic and financial indicators of a commercial bank. Results. The article finds that banks are experiencing difficulties in achieving the appropriate efficiency of resource provision within the parameters set by the regulator, which indicates the need to control performance indicators, especially those characterizing resource provision, and their use as one of the main generators of profit from core activities. Conclusions and Relevance. In the context of crisis phenomena in the banking sector, it is necessary to pay attention to the control of ensuring the profitability of resources attracted by the bank, as well as the factors affecting it, the main of which are the return on assets and liabilities and the completeness of the allocation of financial resources. The results of studying the methods of economic analysis for assessing the efficiency of resource provision can be useful for studying the problems of using bank resources and assessing their efficiency, as well as monitoring of efficiency parameters for internal control purposes.

Green finance policies, resource allocation, and corporate social responsibility

This paper utilizes data from Chinese A-share listed companies from 2010 to 2019, using the Green Finance Innovation Pilot Zone as a quasi-natural experiment to deeply explore the impact of this policy on corporate social responsibility, and analyzes the effects of the policy from the perspectives of financing scale and financing costs. The findings indicate that the establishment of Green Finance Innovation Pilot Zones significantly promotes corporate social responsibility and affects the allocation of financial resources through mechanisms such as increasing financing costs and reducing financing scales. Under the strict regulation of the external green finance environment, companies' willingness and ability to undertake social responsibilities have significantly improved; this effect is particularly notable among secondary industry firms and high-tech enterprises.

The Financial Model for Water and Sanitation Services in Portugal: Lessons from Decades of Subsidies and Questionable Public Policies

Despite the billions of euros used as subsidies over recent decades, Portugal’s water sector continues to struggle, being characterized by significant inefficiencies and differences between high- and low-performing water and sanitation services (WSSs). Current subsidy policies lack transparency and are not linked to performance results, undermining efforts to promote efficiency and sustainability in both environmental and financial dimensions. To address these issues, this article highlights relevant aspects to be taken into account in the redefinition of funding allocation in the Portuguese WSS sector. By implementing performance-based criteria for subsidy allocation and prioritization, regardless of the identity of beneficiaries or providers, we aim to instigate accountability and efficiency in this process. The analysis draws on empirical data to highlight the shortcomings of existing practices and demonstrates the potential benefits of adopting the “user-pays” principle. This principle is able to improve the definition of tariffs aiming for full cost recovery, while still providing for disadvantaged and vulnerable customers through social tariffs or assistance programs. Key findings indicate that coordinated efforts among government agencies, regulators, public and private utilities, and municipalities are essential to develop and promote effective financing strategies. This stakeholder’s cooperation is essential for managing the urban water cycle sustainably and addressing the sector’s long-term challenges. This research implies that a strategic shift in subsidy allocation is required, to develop accountability, efficiency, and equity in the WSS sector. The allocation of financial resources must be better justified to enhance overall performance in the sector.

Intergovernmental Relations and the Financial Resource Allocation for the Healthcare Sector in Nairobi City County, Kenya

Since the beginning of devolution of health sector in Kenya in 2013, there have been several concerns regarding heath care service delivery ineffectiveness, which have been attributed to strained ties between the national and county governments. There have been issues with service delivery and medical supply shortages in Nairobi City County's healthcare sector. This study sought to investigate how intergovernmental interactions have affected healthcare in in Nairobi City County. Specifically, the study examined how intergovernmental relations affect the financial allocation for the sector. The study was anchored on resource-based theory. A descriptive research design was employed involving a census for all the 7 administrators working at level 4 and level 5 health facilities in Nairobi City County as well as 78 employees working in the health department of Nairobi City County Government, constituted the sample population. Descriptive analysis was done using the standard deviation and the mean while inferential analysis was done using regression, F-test and ANOVA. The analyzed data was provided as frequency tables, percentages, and charts. Before the data collection, respondents were asked to provide informed consent, and anonymity and secrecy were assured to boost the response rate. The most critical relationship was between intergovernmental relations and financial resource allocation for the healthcare sector in Nairobi City County accounting to 39.4%. The findings suggested that in order to guarantee that financial resources are allocated appropriately, the national and the county government should work to enhance intergovernmental ties. This also helps in ensuring timely release of financial resources to health facilities by the national government. The study recommends that the financial allocation for healthcare should be enhanced so as to improve service delivery. There is also need to enhance own source revenue for the City County so as supplement the shareable revenue from the national government, which collectively will increase the finances available for utilisation in the healthcare sector

Defining the Need for Services for Patients at High Risk of Breast Cancer at a Safety-Net Hospital: An Approach to Narrowing the Disparities Gap.

The National Accreditation Program for Breast Cancer (NAPBC) standards were recently revised to promote breast cancer (BC) risk assessment and subsequent referral for high-risk services. This project sought to estimate the proportion of patients at high risk for BC in the authors' safety-net hospital system, gauge patient interest in high-risk services, and define resources for program development. Women presenting for breast imaging during 2 weeks in 2023 were surveyed. Thirty-five patients with a history or diagnosis of BC were excluded. The Tyrer-Cuzick (TC) model version 8 was used to calculate BC risk. High/intermediate risk was defined as a 10-year risk of 5% or more, a lifetime risk of 15% or more, or both. The criteria for genetic counseling and testing referral were based on National Comprehensive Cancer Network guidelines. A total of 257 patients had a TC risk assessment showing 14.8% (n = 38) with a 10-year BC risk of 5% or more (consideration of endocrine therapy), 6.2% (n = 16) with a lifetime BC risk of 20% or more (qualifying for annual screening MRI), and 10.5% (n = 27) with a lifetime BC risk of 15% or more (consideration of high-risk screening). The criteria for genetic counseling/testing were met by 61 (23.7%) of the 257 patients. Overall, 31.5% (n = 81) qualified for high/intermediate-risk screening, risk reduction, and/or genetic assessment/testing, 92.8% of whom were interested in referrals for additional information and care. In the authors' community, almost one third of patients undergoing breast imaging qualify for BC high-risk assessment and services. The majority of the patients expressed interest in pursuing such services. These data will be used in financial planning and resource allocation to develop a high-risk program at the authors' institution in line with NAPBC guidelines. They are hopeful that these efforts will improve oncologic outcomes and survival from BC in their community.

The impact of financial resource allocation on industrial structure change

Financial resources play a vital role in resource allocation and industrial structure change. This paper aims to explore the impact of financial resource allocation on industrial structure change and put forward relevant theoretical and policy recommendations. This paper first reviews previous research results and explains the importance of financial resources in shaping industrial structure. Then, based on the theoretical framework, the impact mechanism of financial resources on the development and competitiveness of different industrial sectors is analyzed. The study found that the rational allocation of financial resources helps to promote the optimization and upgrading of industrial structure and improve overall economic benefits. The government's financial policies have also been proven to have an important impact on industrial structure change, and a healthy financial market can promote the sustainable development of industrial structure. Through case study analysis, the actual impact of financial resource allocation in different industries and regions is deeply explored to provide empirical support for the theoretical model. In summary, this study emphasizes the key role of financial resources in shaping the modern industrial structure and provides important inspiration for future research and policy making.

Climbing university rankings under resources constraints: a combined approach integrating DEA and directed Louvain community detection

AbstractOver recent years, scholarly interest in universities’ allocation and effective utilisation of financial resources has been growing. When used efficiently, financial resources may improve universities’ quality of research and teaching, and therefore their positions in world university rankings. However, despite the relevance of financial efficiency to university placement in academic rankings, universities’ total available financial resources appear much more significant. In the present study, we propose an innovative methodology to determine realistic ranking targets for individual universities, based on their available financial resources. In particular, we combine data envelopment analysis, as developed by Banker et al. (Manag Sci 30(9):1078–1092, 1984), and a directed Louvain community detection algorithm to examine 318 universities across five countries, considering their ARWU scores alongside key financial indicators (i.e., long-term physical capital, total operating revenues). We identify clusters of universities with similar financial profiles and corresponding ARWU scores, as well as universities that have optimised their use of financial resources, representing benchmarks for similar universities to emulate. The approach is subsequently applied to Italian universities, as a specific national case. The findings may be useful for policy makers and university managers seeking reliable strategies for climbing academic rankings, particularly in countries with limited public investment in higher education.

Promoting corporate financing efficiency through digital finance and sustainable practices

ABSTRACT This paper explores the impact of digital finance (DFI) and environmental performance (EP) on corporate financing efficiency (FE) in China's property sector. The research addresses two main questions: How do digital finance and environmental performance influence corporate financing efficiency? What are the policy implications of these influences for enhancing green transformation in the sector? Employing robust techniques, including fixed-effect regression and a difference-in-differences (DID) approach. The study reveals that DFI and EP have a significant positive effect on FE. The analysis demonstrates that higher levels of DFI and improved EP lead to more effective allocation and utilization of financial resources. The DID results further indicate that an increase in DFI contributes to a significant enhancement in FE with a one-year lag, without violating the parallel trends assumption. The study shows that integrating digital finance and environmental sustainability improves financial efficiency. It urges policymakers to promote investments in digital financial technologies.

ЗАКОН ОБ УЧРЕЖДЕНИЯХ ОБЪЕДИНЕННОГО ТИПА: ВЗГЛЯД ПАРЛАМЕНТАРИЯ

Federal Law No. 126-FZ of May 29, 2024 “On Amendments to Article 6 of the Law of the Russian Federation “On Institutions and Bodies of the Penal Enforcement System of the Russian Federation”” provides for the creation of institutions of a combined, so-called hybrid type. It is planned to concentrate correctional institutions and pre-trial detention facilities in a single center, modernize and unify existing technologies in the field of regime maintenance and development of the production sector, as well as provide a reasonable approach to creating conditions for the detention of convicts, suspects and accused. Correctional institutions of the combined type are beneficial to the state, since the organizational and financial costs of moving convicts and escorting them are reduced; the efficiency of logistical support of the institution is increased; forces and means for the protection of convicts are being saved; it is possible to create modern production facilities that could employ all categories of convicts, while solving the problem of eliminating dilapidated facilities in order to improve the conditions of detention of convicts, suspects and accused. The article discusses some problematic issues that will have to be taken into account when implementing the reform. The main thing is the additional allocation of material and financial resources for the construction of centers or the reconstruction of old institutions; the creation of a modern socio-economic environment for employees working in the institution and their family members; a new type of head will be required, the expansion of staff with high qualifications, knowledge, skills and relevant experience; it is necessary to ensure the isolation of various categories of convicts, security and maintenance of the regime. The ambiguous attitude of local residents towards such construction should also be taken into account. The opinion that educational colonies, medical correctional institutions and detention houses could also be located in joint- type institutions was not supported by deputies of the State Duma. Nevertheless, this issue is not completely closed. It is subject to broader discussion with the participation of specialists, including on the pages of this journal, which may allow the relevant draft law to be submitted to the State Duma.

A Principled Approach to Financial Resource Collection and Allocation for the Realization of Human Rights in Creating a Global Fiscal Institution

This article focuses on fiscal legitimacy and its principles as an approach to the use of resources in the realization of human rights. It further reflects on the concept of the fiscal social contract in the creation of a global fiscal institution with a consistently clear purpose: raising living standards.

Stakeholders’ Perceptions on Influence of Energy Efficiency Practices Adopted on Economic Performance of Selected Small and Medium Sized Manufacturing Enterprises in Nakuru County, Kenya

The adoption of environmental policy among large manufacturing firms has been recognized for enhancing their economic performance. This is crucial for achieving Kenya's Vision 2030, the fourth medium term plan (2023-2027) and the Bottom-Up Economic Transformation Agenda (BETA) for Inclusive Growth. Despite the slow pace, small and medium-sized enterprises (SMEs) are now adopting these policies to reduce their environmental footprint. However, there is limited documentation on how these practices affect their economic performance. Hence, this study aimed at examining stakeholders' perceptions on the influence of adopting energy efficiency practices on the economic performance of selected manufacturing SMEs in Nakuru County. The study was guided by the ecological modernization theory (Win-Win principle). An explanatory sequential mixed-method research design was employed, targeting SME proprietors in the manufacturing sector with a sample size of 76 respondents. Descriptive and inferential statistics (linear regression) was used to analyze quantitative data, while content analysis was used to analyze qualitative data. The study found out that SMEs largely adopted the use of energy-efficient bulbs and turned off lights when not in use. However, they used solar lighting as an energy efficiency practice to a lesser extent because they consider this practice expensive. The study also found that stakeholders perceived that energy efficiency practices adopted had a significant influence on the economic performance of selected manufacturing SMEs. This finding implied that energy efficiency practices adopted by manufacturing SMEs would have an influence on SMEs economic performance. This study recommends that the government, both national and county should sensitize the SMEs as well as allocate financial and technical resources to support SMEs implement and upscale their energy efficiency practices within their operations. The focus of energy efficiency practices should be on those that reduce production costs and enhance competitiveness such as those that improve SMEs customer base

How does the digital economy affect corporate business credit supply?

Business credit supply entails a firm providing credit to its customers as a means to gain a competitive edge. The advent of the digital economy has brought about profound changes in business practices. In this context, it becomes crucial to examine how the digital economy impacts the business credit supply of enterprises. This study employs a theoretical framework to derive insights and carries out an empirical analysis using the City Digital Economy Development Index spanning from 2008 to 2021, along with data from A-share listed companies in Shanghai and Shenzhen. The objective is to explore the influence of the digital economy on corporate business credit supply and its underlying mechanisms. The findings reveal that the digital economy can enhance corporate business credit supply by reducing the incidence of bad debt, thus enabling companies to extend more credit to their customers. This research contributes empirical evidence for understanding the microeconomic impact of the digital economy, while also providing theoretical insights to advance the development of the digital economy and optimize the allocation of financial resources, thereby alleviating corporate financing constraints.

The prevalence of hepatitis C virus genotypes and factors associated with cirrhosis, fatty liver, and viral load: A registry-based cross-sectional cohort study in Western Iran during 1999-2023.

Hepatitis C virus (HCV) is an important infectious disease that imposes a significant burden on healthcare systems. Determining the prevalence of HCV genotypes in a area is essential for the successful implementation of HCV elimination programs and allocation of financial resources to direct-acting antiviral direct-acting antivirals (DAA) treatments against prevalent HCV genotypes. Accordingly, we conducted a registry-based cross-sectional cohort study to investigate the prevalence of HCV genotypes and factors associated with cirrhosis, fatty liver, and viral load in Kermanshah Province, Western Iran. Patients presenting to the Hepatitis Clinic of the Research Center for Infectious Diseases affiliated with Kermanshah University of Medical Sciences between 1999 and 2023 were enrolled in this study. Serum samples were collected to assess HCV genotypes and viral load. Additionally, demographic data and the status of cirrhosis and fatty liver were extracted from the registry system records throughout the study period. Records of 828 patients with an average age of 40.38 ± 11.72 years (range: 11-80 years) were included in the study that 721 individuals were male, and 107 were female. The prevalence of fatty liver and cirrhosis was 30.3% and 12.9%, respectively. Four genotypes (1, 2, 3, and 4) and four subtypes (1a, 1b, 3a, and 3b) were identified, with subtype 3a (55.7%) being the most prevalent, followed by subtype 1a (34.3%). None of the variables including age, gender, viral load level, and genotypes 1 and 3 were associated with fatty liver or cirrhosis. However, age, gender, and genotype were correlated with the viral load (p ≤ 0.05). The most common HCV subtypes in Kermanshah were 3a and 1a. Genotypes 2 and 4 were identified in one case each. Further studies on identifying HCV subtypes in different regions of the country are recommended to manage HCV infection and predict the prognosis.

Impact Of Foreign Direct Investment On Domestic Investment In Brazil

In an era marked by rapid globalization and intricate economic interconnections, FDI has emerged as a critical driver of economic growth in many developing nations. Brazil, as the largest economy in Latin America, has witnessed significant fluctuations in FDI inflows over the past decades. The question of whether FDI can stimulate domestic investment remains a topic of considerable interest among economists, policymakers, and scholars. This study delves into the complex relationship between FDI and domestic investment in Brazil, employing historical data, economic indicators, and existing scholarly research. Brazil, as a prominent emerging economy and a global economic force, has consistently attracted international investors and governments. The nexus between economic development and FDI has garnered global attention. FDI not only involves the allocation of financial resources from foreign entities but also entails technology transfer, managerial expertise, and access to international markets. While these inflows have the potential to stimulate local investment, economic growth, and job creation, concerns exist regarding their possible displacement or crowding-out effect on domestic investments. Understanding the intricate correlation between FDI and domestic investment in Brazil is of paramount importance, shaping investment policies within the country and offering valuable insights for other emerging economies seeking to strike a balance between foreign and domestic capital. This study examines the impact of FDI on domestic investment in Brazil, analyzing historical data, economic indicators, and existing literature to provide a comprehensive understanding of this complex relationship. The research draws on economic theories such as the neoclassical growth hypothesis, endogenous growth theory, and crowding-out hypothesis to explore the potential effects of FDI on domestic investment. It considers the regional disparities in FDI distribution and the sector-specific impacts of FDI in Brazil. Additionally, the study evaluates the role of government policies, trade openness, and financial development in moderating the relationship between FDI and domestic investment. Ultimately, this research aims to shed light on the multifaceted dynamics between FDI and domestic investment in Brazil. By addressing the positive and negative aspects of this relationship, it seeks to provide valuable insights for policymakers, economists, and businesses not only in the Brazilian context but also for other nations navigating the challenges and opportunities of FDI. The findings contribute to the global discourse on the impact of FDI on a nation's economic trajectory and offer guidance for informed policy decisions.

Cybersecurity in the age of IOT: Challenges and opportunities for businesses

The aim of this research is to present a thorough analysis of the intricate relationship between cybersecurity and the Internet of Things (IoT), with an emphasis on how it affects enterprises. The combination of cybersecurity and IoT in the modern digital era offers businesses both a number of benefits and a significant issue. This research sheds light on the complex interaction between these two sectors and provide useful insights that organizations may use to successfully navigate this ever-changing terrain. This study uses a comprehensive data collection methodology that involves conducting semi-structured interviews and surveys. Results suggest that a significant proportion of enterprises exhibit a sense of assurance regarding the efficacy of their cybersecurity protocols in the context of IoT implementation. This indicates a direct and positive relationship with the allocation of financial resources towards IoT efforts, hence emphasizing the significance of making strategic investments in both IoT and cybersecurity. The prominence of regulatory compliance difficulties was also highlighted, underscoring the imperative for organizations to effectively negotiate intricate privacy and security rules. The association between operational efficiency and prospects for innovation, indicating that companies that utilize the IoT to improve their operations are more inclined to foster innovation is also emphasized.

Analysis of the issue of capital / resources management for higher institutions in the light of the problem of high enrolment and low retention rates: A case study of private higher institutions in the UK

Higher education institutions, particularly private higher education institutions in the UK, are facing significant challenges related to capital and resource management, exacerbated by high enrolment rates coupled with low student retention rates. The effective management of financial and physical resources is crucial for sustaining institutional operations and achieving educational objectives. High enrolment places pressure on existing resources, while low retention impacts long-term financial stability and resource allocation. Understanding these issues is essential for developing strategies to balance enrolment and retention while optimizing resource use. This study aims to analyze how private higher institutions in the UK manage their capital and resources in the context of high enrolment and low retention rates. It explores the impact of these challenges on resource management practices and identifies strategies that institutions use to address these issues. The research provides insights into the effectiveness of current resource management approaches and their implications for institutional sustainability and student success. The research employs a mixed-methods approach, combining quantitative and qualitative data. A comprehensive review of institutional financial reports and resource allocation documents provides quantitative data on capital management. Qualitative data is gathered through interviews with key stakeholders, including administrative staff and financial officers from selected private higher institutions. The study also includes surveys of students to understand their experiences and perceptions related to enrolment and retention. Data analysis involves statistical techniques to assess the relationship between resource management practices and enrolment/retention rates, as well as thematic analysis to identify key issues and strategies from qualitative data. The study reveals that private higher institutions in the UK face considerable challenges in managing their capital and resources effectively due to high enrolment and low retention rates. Key findings include that institutions with higher enrolment rates experience increased pressure on financial and physical resources, leading to difficulties in maintaining service quality and infrastructure. Resource allocation strategies focusing on short-term enrolment gains may negatively impact long-term retention efforts. Effective resource management practices, such as targeted financial planning and enhanced support services, are associated with better retention outcomes. Institutions adopting innovative resource management approaches, including technology integration and strategic partnerships, show improved ability to balance enrolment and retention challenges. The findings highlight the need for private higher institutions in the UK to develop more robust capital and resource management strategies to address the dual challenges of high enrolment and low retention rates. Institutions should consider adopting comprehensive financial planning, investing in retention-focused initiatives, and leveraging technology to optimize resource use. Policy recommendations include enhancing funding models to better support resource allocation and encouraging collaboration between institutions to share best practices. By addressing these issues, institutions can improve their financial sustainability and enhance the overall student experience, leading to better educational outcomes and institutional success.

Allocation of Financial Resources and Green Economic Development: Evidence from China

Green development has recently become the theme of global economic development. Focusing on green development, this paper uses China’s interprovincial panel data from 2003–2022 to construct a spatial Durbin model to study the impact of the allocation of financial resources between the virtual economy and the real economy on green development. The findings are as follows: (1) The “virtual and real” allocation of financial resources has a significant effect on the green development of the economy; on the whole, the increase in financial resources in the virtual economy reduces the quality of green economic development. (2) The “virtual and real” allocation of financial resources has an obvious spatial spillover effect on green economic development; the increase in financial resources flowing into the virtual economy in one province (city) reduces the proportion of financial resources flowing into the virtual economy in neighboring provinces, which is conducive to the green economic development of the neighboring provinces. (3) Due to the differences in economic structure, industrial structure, and financial development level among provinces and regions, the “virtual and real” allocation of financial resources has a significant effect on the green economic development of central, eastern, and western China.

Problems and Strategies of Financial Services Supporting the Real Economy

With the rapid development of China's economy, the status and role of the financial industry in the national economy have become increasingly prominent. The healthy development of the financial industry is of great significance for promoting the development of the real economy, adjusting the economic structure, and upgrading the economy. However, there are still some problems with financial services supporting the real economy in China, such as the misallocation of financial resources, high financing costs, and rising financial risks. These issues limit the support financial services can provide to the real economy. This paper analyzes the main problems currently existing in financial services supporting the real economy and proposes countermeasures from optimizing the allocation of financial resources, reducing financing costs for the real economy, preventing and resolving financial risks, and deepening the structural reform of the financial supply side. The aim is to provide references for relevant personnel.