The Impact of Green Credit on Industrial Structure Upgrading: Evidence from Chinese Prefecture-Level Cities
DOI:
https://doi.org/10.54097/ryt4gy93Keywords:
Green Credit, Industrial Structure Upgrading, Heterogeneity, Prefecture-Level City, Fixed-Effects Model.Abstract
This study utilizes 2005-2022 panel data from 225 prefecture-level cities in China to construct a two-way fixed effects model. The empirical results show that green credit significantly advances industrial structure. Heterogeneity analysis indicates its effect is stronger in more developed regions than in less developed ones, and more pronounced in the eastern region than in the central and western regions. These findings offer guidance for crafting targeted policies and driving green transformation in developing economies.
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