Study on the Impact of Green Finance Reform and Innovation Policy on New Quality Productivity

Abstract

Abstract: Green financial reform and innovation is an important policy means to achieve green and sustainable development and enhance new quality productivity. In order to study the mechanism and path of green finance reform and innovation policies acting on new quality productivity, the prefecture-level data of 2012—2022 are used to test the mechanism of how green financial reform and innovation policies influence new quality productivity from the perspectives of technological innovation, industrial structure and financial resource allocation efficiency. The research conclusion shows that green finance reform and innovation policies significantly improve the level of new quality productivity. This promotion effect is realized by optimizing the industrial structure, improving the green innovation ability and optimizing the efficiency of financial resource allocation. The results of heterogeneity analysis show that the effect of green financial reform and innovation policies on promoting new quality productivity is more significant in areas with better business environment, higher financial development level and high degree of marketization. The conclusions of this paper provide empirical evidence for the implementation of green financial reform and innovation policies and the development of new quality productivity.

Key words: green financial reform and innovation, new quality productivity, industrial structure, green innovation, efficiency of financial resource allocation

Tang Liang, Yang Guoyu. Study on the Impact of Green Finance Reform and Innovation Policy on New Quality Productivity[J]. Management Review, 2025, 37(11): 167-180.

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