AUTHOR=Hu Qingqing , Li Xue , Feng Yanhong 

TITLE=Do Green Credit Affect Green Total Factor Productivity? Empirical Evidence from China

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 9 - 2021

YEAR=2022

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2021.821242

DOI=10.3389/fenrg.2021.821242

ISSN=2296-598X

ABSTRACT=Understanding the effects of green credit on green total factor productivity (GTFP) is conductive to promoting the sustainable economy development. This paper examines the total effects, influence mechanism, and heterogeneous impacts of green credit on GTFP based on GTFP data of 30 provinces in China from 2008 to 2017 by using the panel regression model and panel mediating effect model. The findings show that, firstly, green credit significantly increases GTFP, and the increasing effect is strengthened by the improvement of GTFP. Secondly, green credit has heterogeneous impact on GTFP, which is reflected in economic development with different level, especially for different degrees of environmental regulation. Thirdly, under the full samples, green credit impacts GTFP through green technology innovation, but it has no effect on energy consumption structure. Besides, the influence mechanism is heterogeneous in the variation of sample characteristics. Finally, some significant policy recommendations are provided for policymakers based on these conclusions.