中国人口·资源与环境2018，Vol.28Issue(2)：66-76,11.DOI:10.12062/cpre.20171018
中国金融包容性发展、经济增长与碳排放
Financial inclusive development, economic growth and carbon emissions in China
摘要
Abstract
Since the reform and opening up policy was adopted,China has experienced a booming economic growth,which provides a important material basis for the development.However,the noneffective development of economy has led to a serious environmental concern.As the core of modern economic development,finance is a necessary support for low-carbon economy in China.Based on investigating the mechanism of financial inclusive development and economic growth on carbon emissions,this paper puts forward four hypotheses:① there may exist two possible effects (positive or negative) of financial inclusive development on carbon emissions,the final effect depends on the relative size of the two effects;② the environmental kuznets curve hypothesis is not robust,which is associated the selection of method of measurement and research areas;③ there may exist threshold effect on the impact of financial inclusive development on carbon emissions at different stages of economic development;④ spatial heterogeneity has a significant effect on the relationship between financial development and carbon emissions.Based on the calculation of financial inclusion development index and carbon emissions,this paper constructed dynamic panel model and panel threshold model and applied estimation methods such as system GMM,fixed effect and random effect using provincial panel data.We tested the proposed hypothesis within the east,central and west China respectively.The following conclusions are obtained:① China' s financial development shows regional characteristics and financial development in the east China is clearly superior to that of the west and central;② China' s current financial development has a contribution to reducing emission and promotes the development of low-carbon economy;③ the emission reduction effect of financial development is gradually weakened when financial development is the threshold variable;④ the emission reduction effect of financial development is gradually increased when economic growth is a threshold variable;⑤ Spatial heterogeneity can impact the relationship between financial development and carbon emissions:financial inclusive development contributes to reducing emission in central and west China,but leads to increased emission in the east China.At last,we give policy suggestions on strengthening the role of finance in the low-carbon economy development.关键词
金融包容性发展/经济增长/绿色经济/面板门槛模型/空间异质性Key words
financial inclusive development/economic growth/low-carbon economy/panel threshold model/spatial heterogeneity分类
管理科学引用本文复制引用
朱东波,任力,刘玉..中国金融包容性发展、经济增长与碳排放[J].中国人口·资源与环境,2018,28(2):66-76,11.基金项目
国家社会科学规划基金项目“中国绿色增长方式下大气污染治理的动力规划研究”(批准号:13BJL092) （批准号:13BJL092）
中国博士后基金项目“中国低碳发展的金融支持及金融机制创新:理论与政策”(批准号:2012M520086),博士后基金特别资助项目“我国绿色增长方式形成的投资动力机制研究”(批准号:2013T60633). （批准号:2012M520086）
