The Study on Influence Period of the Green Credit Policy Based on CGE Model
- DOI
- 10.2991/icemct-17.2017.306How to use a DOI?
- Keywords
- CGE model; green credit policy; period; operation performance
- Abstract
To develop green credit is an indispensable important economic means for China to insist in the resource-saving and environmentally friendly green development road. The green credit policy affects the entire economic system, which can't be neglected, thus it is necessary to be concerned by all circles. Beginning with the market-oriented interest rate policy which implements punitive high interest rate in "double high" industry" in the green credit policy, the author establishes a financial Computable General Equilibrium(CGE), tries to depict the transmission route of the green credit policy, and measures systematic influences of the green policy in different periods. The results find that the green credit policy can restrain the investment behaviors of the target industry effectively and reduce output of paper-making industry and chemical industry in the short term and middle term. In the long-term period, investment and output of target industry can pick up and such a policy can restrain effects of the green credit on the output in the target industry. Therefore, it is necessary to further take feasible measures to improve effects and roles of the green credit policy.
- Copyright
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Zhi Yun Wang AU - Xiong Zhong PY - 2017/05 DA - 2017/05 TI - The Study on Influence Period of the Green Credit Policy Based on CGE Model BT - Proceedings of the 2017 4th International Conference on Education, Management and Computing Technology (ICEMCT 2017) PB - Atlantis Press SP - 1427 EP - 1431 SN - 2352-5398 UR - https://doi.org/10.2991/icemct-17.2017.306 DO - 10.2991/icemct-17.2017.306 ID - Wang2017/05 ER -