管理学刊2025，Vol.38Issue(5)：69-83,15.DOI:10.19808/j.cnki.41-1408/F.2025.0049
绿色金融改革创新试验区政策如何影响城市低碳经济转型
How Does the Green Finance Reform and Innovation Pilot Zone Policy Influence Urban Transition to a Low-Carbon Economy:A Perspective of New Structural Environmental Economics
摘要
Abstract
The green financial reform and innovation pilot zone is a key initiative to advance China's green finance reform and achieve the dual carbon goals.Using data from 281 prefecture-level and above cities from 2003 to 2022,this paper measures the level of urban transition to a low-carbon with a super-efficiency EBM-GML model incorporating undesirable outputs,and evaluates the policy's impact through a difference-in-differences approach.From the perspective of new structural environmental economics,the analysis applies moderated mediation and sequential mediation models to explore the underlying mechanisms,along with heterogeneity tests.The results show that the policy significantly promotes urban transition to a low-carbon,with industrial structure upgrading serving as a critical mediating factor,and environmental regulation exerting a significant moderating effect.Factor endowment drives industrial upgrading through a chain transmission mechanism,further strengthening the policy's effect on transition to a low-carbon.Heterogeneity analysis indicates that the policy's impact is more pronounced in coastal,central,and key environmental protection cities.Based on these findings,the paper recommends enhancing the quality and coverage of pilot zone policy and fostering synergy between an enabling government and an effective market,so as to provide empirical evidence and policy insights for achieving the dual carbon goals.关键词
绿色金融改革创新试验区政策/低碳经济转型/产业结构升级/环境规制/要素禀赋/超效率EBM-GML模型Key words
green financial reform and innovation pilot zone policy/transition to a low-carbon economy/industrial structure upgrading/environmental regulation/factor endowment/super-efficient EBM-GML model分类
经济学引用本文复制引用
严佳佳,介琼楠..绿色金融改革创新试验区政策如何影响城市低碳经济转型[J].管理学刊,2025,38(5):69-83,15.基金项目
国家自然科学基金面上项目(72273031) （72273031）
