Green Finance and Urban Land Green Transformation: Evidence from China
グリーンファイナンスと都市の土地のグリーン変革：中国のエビデンス (AI 翻訳)
Huiling Lü, Peigang Xu, Panpan Meng
🤖 gxceed AI 要約
日本語
中国のグリーンファイナンス改革革新試験区を自然実験として、空間DIDモデルを用いてグリーンファイナンスが都市の土地利用グリーン効率に与える影響を分析。結果、パイロット都市で効率が向上し、資源配分最適化、グリーンイノベーション促進、情報開示強化が経路であることを確認。さらに、250km圏内での負の空間波及効果を発見し、地域間協調の必要性を示唆。
English
Using China's Green Finance Reform and Innovation Pilot Zones as a quasi-natural experiment and a spatial difference-in-differences framework, this study finds that green finance significantly improves urban land green use efficiency in pilot cities. Mechanism analysis reveals that resource allocation optimization, green innovation, and enhanced information disclosure drive this effect, while regional competition induces negative spatial spillovers within 250 km, underscoring the need for coordinated policy design.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもグリーンファイナンスの推進と地域間連携が課題となる中、本論文が示す空間的波及効果や政策調整の重要性は、日本の都市再生や温暖化対策における土地利用施策にも示唆を与える。
In the global GX context
This paper provides novel spatial econometric evidence on how green finance affects land use efficiency, highlighting negative spillovers from inter-city competition. It contributes to global transition finance literature by integrating mechanism analysis with spatial interactions, informing policy coordination in decentralized green finance schemes.
👥 読者別の含意
🔬研究者:Spatial econometric methods and mechanism analysis offer a template for evaluating green finance impacts with spillovers.
🏢実務担当者:Highlights the importance of coordinating green finance zones to avoid local competition and achieve wider land use efficiency.
🏛政策担当者:Demonstrates that green finance policies can have unintended negative spatial spillovers, requiring regional collaboration in policy design.
📄 Abstract（原文）
Green finance (GF) is increasingly seen as an important policy tool for promoting sustainable urban development; however, its role in facilitating the green transformation of urban land remains insufficiently understood, particularly from the perspectives of land use efficiency and spatial interactions. This study takes China’s Green Finance Reform and Innovation Pilot Zones as a quasi-natural experiment and employs a spatial difference-in-differences framework to examine whether and how GF affects urban land green use efficiency (LGUE). The results indicate that GF significantly improves LGUE in pilot cities, and this finding remains robust across a range of alternative specifications and robustness checks. The mechanism analysis further suggests that GF enhances LGUE primarily by optimizing resource allocation, promoting green innovation, and strengthening information disclosure. In addition, digital development is found to reinforce the positive effects of GF. Compared with existing studies, this paper integrates mechanism analysis with spatial econometric methods to provide a more comprehensive understanding of both the transmission channels and spatial spillover effects of GF. In particular, it provides new evidence on geographically constrained negative spillover effects across cities. The results further indicate that such spillover effects are most pronounced within a 250 km radius, suggesting that GF induces localized inter-city competition and resource reallocation. This finding offers empirical support for understanding the effects of GF from a spatial competition perspective. This study highlights the necessity of coordinating regional policy design to mitigate spatial spillover effects and improve the overall effectiveness of green finance policies.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.3390/su18104847first seen 2026-05-14 23:19:57
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