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Examining the Coordination Between Green Finance and Green Economy Aiming for Sustainable Development: A Case Study of China

1
School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
2
Business School, Jiangsu Normal University, Xuzhou 221116, China
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(9), 3717; https://doi.org/10.3390/su12093717
Received: 8 April 2020 / Revised: 22 April 2020 / Accepted: 24 April 2020 / Published: 4 May 2020
Green finance (GF) regards social responsibility and environmental protection interests as the core of development and has become a new growth point and a new engine for promoting the development of the green economy (GE). To more accurately grasp the coordination between GF and the GE, the selection of appropriate indicators and feasible methods is worth exploring. Aiming at sustainable development by evaluating the coupling coordination between GF and the GE by means of a comprehensive index system and an integrated approach, this study establishes a coupling coordination degree model based on panel data of 30 Chinese provinces over the period 2007–2016. Furthermore, it evaluates the spatial distribution difference and dynamic evolution trend of the coordination by introducing global/local spatial autocorrelation, a space Markov chain, and a local indicators of spatial association (LISA) Markov chain. According to the research results, the coupling coordination degrees of the provinces exhibit gradual upward trends, and most regions in China are in a barely coordinated state at present. The coordination degree of GF and the GE shows strong spatial dependence overall, and partially presents the characteristics of “high-high (HH)” and “low-low (LL)” clustering patterns. The forecast results show that the future coordination of GF and the GE will remain stable and be affected by the coordinated development of surrounding areas. View Full-Text
Keywords: green finance; green economy; coupling coordination; space Markov chain; local indicators of spatial association (LISA) Markov chain green finance; green economy; coupling coordination; space Markov chain; local indicators of spatial association (LISA) Markov chain
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MDPI and ACS Style

Liu, N.; Liu, C.; Xia, Y.; Ren, Y.; Liang, J. Examining the Coordination Between Green Finance and Green Economy Aiming for Sustainable Development: A Case Study of China. Sustainability 2020, 12, 3717. https://doi.org/10.3390/su12093717

AMA Style

Liu N, Liu C, Xia Y, Ren Y, Liang J. Examining the Coordination Between Green Finance and Green Economy Aiming for Sustainable Development: A Case Study of China. Sustainability. 2020; 12(9):3717. https://doi.org/10.3390/su12093717

Chicago/Turabian Style

Liu, Nana, Chuanzhe Liu, Yufei Xia, Yi Ren, and Jinzhi Liang. 2020. "Examining the Coordination Between Green Finance and Green Economy Aiming for Sustainable Development: A Case Study of China" Sustainability 12, no. 9: 3717. https://doi.org/10.3390/su12093717

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