Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Research on the Impact of Financial Development on Carbon Emissions: Does Industrial Structure Upgrading Matter?

Authors
Shun-Ho Chu1, Yichi Zhang1, *, Yue Pan1, Baoke Fan1, Ruohan Wang1, Jiameng Gu1
1School of Business, Macau University of Science and Technology, Taipa, Macau SAR, China
*Corresponding author. Email: 3501191836@qq.com
Corresponding Author
Yichi Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_177How to use a DOI?
Keywords
Financial Development; Carbon Emissions; Industrial Structure Upgrading; Greenhouse Gas Effect
Abstract

The purpose of the study tries to investigate the impact of financial development on carbon emissions. In addition, the study also examines the mediating effect of industrial structure upgrading on the relationship between financial development and carbon emissions. Using annual data of 283 cities in China over the period 2006 to 2019, the study employs natural logarithm of carbon emission as dependent variable and credits and deposits scaled by GDP as independent variable to financial development. The study also has mediator of industrial structure upgrading. In addition, the study adds FDI, government spending, fixed investment and population as control variables in estimation regression. The empirical results of the study reveal that financial development has a significant and negative impact on carbon emissions. The study also finds that industrial structure upgrading has a mediating effect on the relationship between financial development and carbon emissions.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_177
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_177How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Shun-Ho Chu
AU  - Yichi Zhang
AU  - Yue Pan
AU  - Baoke Fan
AU  - Ruohan Wang
AU  - Jiameng Gu
PY  - 2022
DA  - 2022/12/27
TI  - Research on the Impact of Financial Development on Carbon Emissions: Does Industrial Structure Upgrading Matter?
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1597
EP  - 1606
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_177
DO  - 10.2991/978-94-6463-052-7_177
ID  - Chu2022
ER  -