Evaluating the Evolution and Regional Disparities in Green Finance within the Yangtze River Economic Belt: A Longitudinal Analysis from 2007 to 2020
Journal Title: Opportunities and Challenges in Sustainability - Year 2024, Vol 3, Issue 2
Abstract
Based on five dimensions, a green finance evaluation indicator system for the Yangtze River Economic Belt was constructed. The Criteria Importance Though Intercrieria Correlation (CRITIC)-entropy weight method was employed to measure the green finance development level across 107 prefecture-level cities and above in the Economic Belt during 2007-2020. Moreover, the Dagum Gini coefficient and kernel density estimation were utilized to reveal the regional disparities and dynamic evolution trends in the development level of green finance. It was discovered that: (i) During the sample inspection period, the development level of green finance in the Economic Belt exhibited a fluctuating upward trend, with the annual growth rates of the three major regions decreasing from downstream to upstream. Provincial capitals such as Shanghai, Nanjing, Hangzhou, Wuhan, and Chengdu were found to have notably higher levels of green finance development. (ii) The overall disparity in the development level of green finance in the Economic Belt showed a widening trend, with transvariation density as the primary source of overall disparity, followed by intra-regional differences, and the smallest contribution coming from inter-regional disparities. (iii) The absolute disparity in the development level of green finance within the Yangtze River Economic Belt was observed to be expanding, with the overall basin and the three major regions experiencing diverse evolutionary paths. A clear polarization trend in the downstream area was identified, accompanied by a "better-get-better" phenomenon.
Authors and Affiliations
Chunying Li, Qizhong Deng
Keywords
Related Articles
- EP ID EP740737
- DOI https://doi.org/10.56578/ocs030202
- Views 91
- Downloads 0
Factors Influencing Customer Loyalty in the Retail Banking Sector: A Study of Financial-Banking Services in the Republic of Moldova
Purpose of this research is to identify the nature of loyalty, the valence/dimensionality of this concept, and the factors that determine customers of banking products/services in the Republic of Moldova to establish lon...
Advancing Sustainable Development in the Hindu-Kush-Himalaya Region Through Certification Strategies
This study investigates the potential of certification as a driving force for sustainable development in the Hindu-Kush-Himalaya (HKH) region, characterized by its unique high-altitude ecosystems, rich biodiversity, and...
Challenges Confronting the Sustainability of Anti-Epidemic Policies Based on the BERT-Pair-ABSA Model
As a major public health emergency, the COVID-19 pandemic has some uncertainties. Coupling of the uncertainties and anti-epidemic policies easily leads to the spread of negative emotions. It is challenging to maintain th...
Impact of Sustainability Reporting on Financial Performance
(1) Purpose: This study aimed to investigate the relationship between Sustainability Reporting (SR) and financial performance and put forward the effect of the SR on financial performance. (2) Methodology: In order to te...
Urban Ecological Compensation Through Water Resource Ecological Footprint
To accelerate the exchange of water rights between regions and address the uneven costs of water resource ecological protection among different districts in urban areas, it is essential to make an analysis of regional wa...