金融发展对碳排放强度的影响研究——基于西部面板数据的联立方程模型分析
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摘要
本文基于2006-2016年我国西部地区9个省(市、区)的面板数据,构建关于金融发展与碳排放强度的联立方程模型。结果显示,金融发展通过对经济增长和创新能力的促进作用间接影响二氧化碳排放强度,同时金融发展也直接与碳排放强度呈倒U型关系。金融发展初期,对经济增长的促进作用更大,导致二氧化碳排放强度不断增加;随着金融发展水平的不断提高,对创新能力的促进作用更大,从而降低了二氧化碳排放强度。因此,政府应采取适当措施充分发挥金融发展在低碳经济中的积极作用。
Based on the panel data of nine provinces in Western China from 2006 to 2016, this paper established a simultaneous equation model related to financial development and carbon dioxide intensity. The study results show that financial development indirectly affects the carbon dioxide intensity through promoting economic growth and innovation ability, and has an inverted U-shaped relationship with carbon dioxide intensity directly. In the early stage of financial development, the promotional effect on economic growth is bigger, leading to an increase in carbon dioxide intensity; with the improvement of financial development, the promotion of innovation ability is greater, thereby reducing the carbon dioxide intensity. Therefore, the government should take appropriate measures to give full play to the positive role of financial development in low-carbon economy.
Based on the panel data of nine provinces in Western China from 2006 to 2016, this paper established a simultaneous equation model related to financial development and carbon dioxide intensity. The study results show that financial development indirectly affects the carbon dioxide intensity through promoting economic growth and innovation ability, and has an inverted U-shaped relationship with carbon dioxide intensity directly. In the early stage of financial development, the promotional effect on economic growth is bigger, leading to an increase in carbon dioxide intensity; with the improvement of financial development, the promotion of innovation ability is greater, thereby reducing the carbon dioxide intensity. Therefore, the government should take appropriate measures to give full play to the positive role of financial development in low-carbon economy.
引文
[1]FuenteADL,JoséMaría Marín.Innovation, bank monitoring, and ndogenous financial development[J]. Jour-nal of Monetary Economics,1995,38(2):269-301.
[2]Shahbaz M. A K,Tiwari,M.,Nasir.2013.The Effects of Financial Development,Economic Growth,Coal Consumption and Trade Openness on CO2 Emissions in South African.Energy Policy,61(1):1452-1459.
[3]林伯强,刘希颖.中国城市化阶段的碳排放:影响因素和减排策略[J].经济研究,2010,45(08):66-78.
[4]陈碧琼,张梁梁.动态空间视角下金融发展对碳排放的影响力分析[J].软科学,2014,28(07):140-144.
[5]严成栋,李涛,兰伟.金融发展、创新与二氧化碳排放[J].金融研究,2016(01):14-30.
[6]霍远,孙鹏.金融发展、技术进步对碳减排的效应研究——基于省级动态面板数据GMM方法[J].生态经济,2017,(07):25-30.
[7]蔡栋梁,程树磊,陈建东.金融节能、金融发展对碳排放变化的影响研究[J].中国人口·资源与环境,2017,27(10):122-130.
[8]张丽华,任佳丽,王睿.金融发展、区域创新与碳排放——基于省际动态面板数据分析[J].华东经济管理,2017,31(09):84-90.
1 http://news.163.com/17/1220/18/D64CUVPR0001899N.html
2 http://www.tanpaifang.com/tanjiaoyi/2018/0129/61449.html
[2]Shahbaz M. A K,Tiwari,M.,Nasir.2013.The Effects of Financial Development,Economic Growth,Coal Consumption and Trade Openness on CO2 Emissions in South African.Energy Policy,61(1):1452-1459.
[3]林伯强,刘希颖.中国城市化阶段的碳排放:影响因素和减排策略[J].经济研究,2010,45(08):66-78.
[4]陈碧琼,张梁梁.动态空间视角下金融发展对碳排放的影响力分析[J].软科学,2014,28(07):140-144.
[5]严成栋,李涛,兰伟.金融发展、创新与二氧化碳排放[J].金融研究,2016(01):14-30.
[6]霍远,孙鹏.金融发展、技术进步对碳减排的效应研究——基于省级动态面板数据GMM方法[J].生态经济,2017,(07):25-30.
[7]蔡栋梁,程树磊,陈建东.金融节能、金融发展对碳排放变化的影响研究[J].中国人口·资源与环境,2017,27(10):122-130.
[8]张丽华,任佳丽,王睿.金融发展、区域创新与碳排放——基于省际动态面板数据分析[J].华东经济管理,2017,31(09):84-90.
1 http://news.163.com/17/1220/18/D64CUVPR0001899N.html
2 http://www.tanpaifang.com/tanjiaoyi/2018/0129/61449.html