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The Dual Impacts of Green Credit on Economy and Environment: Evidence from China

1
School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
2
Business School, Beijing International Studies University, Beijing 100024, China
*
Author to whom correspondence should be addressed.
Academic Editor: Anna Visvizi
Sustainability 2021, 13(8), 4574; https://0-doi-org.brum.beds.ac.uk/10.3390/su13084574
Received: 27 March 2021 / Revised: 13 April 2021 / Accepted: 16 April 2021 / Published: 20 April 2021
Green credit is regarded as an important means to promote sustainable growth. Based on the provincial panel dataset of China from 2007 to 2017, this paper investigates the dual impacts of green credit on the economy and environment, and it establishes mediating effect models to analyze the Porter hypothesis. The results show that the green credit policy significantly improves economic performance and reduces pollutant emissions. The above results are robust to employing methods with alternative variables and instrumental variables. Second, the green credit policy contributes to innovation; that is, the green credit increases the innovation scale and improves innovation efficiency. The results of mediating effect models suggest that the Porter effect of green credit can be achieved by improving innovation efficiency. The findings of the current study indicate that the green credit policy helps achieve the win–win situation for economic goals and environmental targets. View Full-Text
Keywords: green credit policy; economic development; environmental pollution; Porter effect; China green credit policy; economic development; environmental pollution; Porter effect; China
MDPI and ACS Style

Wang, Y.; Lei, X.; Zhao, D.; Long, R.; Wu, M. The Dual Impacts of Green Credit on Economy and Environment: Evidence from China. Sustainability 2021, 13, 4574. https://0-doi-org.brum.beds.ac.uk/10.3390/su13084574

AMA Style

Wang Y, Lei X, Zhao D, Long R, Wu M. The Dual Impacts of Green Credit on Economy and Environment: Evidence from China. Sustainability. 2021; 13(8):4574. https://0-doi-org.brum.beds.ac.uk/10.3390/su13084574

Chicago/Turabian Style

Wang, Yanli, Xiaodong Lei, Dongxiao Zhao, Ruyin Long, and Meifen Wu. 2021. "The Dual Impacts of Green Credit on Economy and Environment: Evidence from China" Sustainability 13, no. 8: 4574. https://0-doi-org.brum.beds.ac.uk/10.3390/su13084574

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