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云南省金融发展对绿色经济效率的影响研究——基于政府干预的调节效应与门槛特征分析
Research on the impact of financial development on green economy efficiency in Yunnan province:Based on the regulatory effect and threshold characteristics of government intervention
【摘要】 基于2008—2019年云南省16个州、市的面板数据,运用GB-US-SBM模型和熵权TOPSIS法分别测算绿色经济效率和金融发展指数,通过构建含交叉项的动态模型和门槛模型,分析金融发展对绿色经济效率的影响以及政府干预对这种影响的调节作用与边界,并探究了区域异质性,结果表明:1)当期绿色经济效率受过去绿色经济效率的影响较大;2)区域间的绿色经济效率与金融发展水平存在显著差异并呈现非协调发展态势,政府干预对二者的调节作用也具有区域异质性;3)金融发展尚未对绿色经济效率发挥积极作用,适度干预能显著削弱这种不利影响,而超过门槛值的干预水平会显著加剧这种不利影响;4)金融效率对绿色经济效率的影响最大,且政府干预对这一影响的调节作用也最大。
【Abstract】 Based on the panel data of 16 cities in Yunnan Province from 2008 to 2019, the GB-US-SBM model and the entropy weight TOPSIS method were used to calculate the green economic efficiency and financial development index respectively. By constructing a dynamic model with an interactive term and a threshold model, this paper analyzes the impact of financial development on the efficiency of green economy and the moderating effect and boundary of government intervention on this impact, as well as regional heterogeneity. The main results are as follows :1) The current green economic efficiency is greatly affected by the past green economic efficiency. 2) There are significant differences in the green economic efficiency and the level of financial development between regions, and they show a non-coordinated development trend. The moderating effect of government intervention on the two also has regional heterogeneity. 3)Financial development has not yet played a positive role in green economic efficiency. Moderate intervention can significantly weaken this adverse effect, while the intervention level exceeding the threshold value will significantly exacerbate this one. 4) Financial efficiency has the greatest impact on green economic efficiency, and government intervention has the greatest moderating effect on this impact.
【Key words】 Yunnan province; financial development; green economy efficiency; government intervention;
- 【文献出处】 未来与发展 ,Future and Development , 编辑部邮箱 ,2023年01期
- 【分类号】F832.7;F124.5
- 【下载频次】81