The Impact of Green Finance on the Competitiveness of China's Green Product Exports
DOI:
https://doi.org/10.63313/EBM.9133Keywords:
Green finance, Green products, Export competitivenessAbstract
Against the backdrop of the global green and low-carbon transition and the deepening advancement of the “dual carbon” goals, green finance serves as a crucial tool for guiding resource allocation. It holds significant importance for shaping China's new competitive edge in green trade. This study employs a province-year-product triple fixed-effects model based on panel data covering 31 provinces and 174 categories of green products in China from 2015 to 2022. It analyzes the impact and mechanism of green finance on the export competitiveness of China's green products. The findings reveal that the development of green finance significantly enhances the export competitiveness of green products, a conclusion that remains robust after undergoing a series of rigorous stability tests. Heterogeneity analysis indicates that the promotional effect of green finance is more pronounced in regions with higher levels of foreign direct investment and economic development. To further enhance the export competitiveness of green products, efforts should focus on continually improving green financial infrastructure and refining policies to guide foreign investment, thereby maximizing the effectiveness of green finance policies.
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