Scholarlink

<p>Whether green finance reform can effectively promote rural green development (RGD) is a critical question in the context of ecological civilization construction. Treating China’s Green Finance Reform and Innovation Pilot Zone (GFRIPZ) policy as a quasi-natural experiment, based on panel data from 275 prefecture-level cities between 2010 and 2021, this study systematically examined the policy’s impact, heterogeneity, and spatial spillover characteristics on rural green development by employing multi-period difference-in-differences (DID) and spatial difference-in-differences (SDID) models. The findings are as follows: First, the pilot policy significantly accelerates local rural green development, and this result holds under various robustness checks. Second, the promoting effect exhibits significant heterogeneity, being more pronounced in central and western regions, non-resource-based cities, and non-provincial-capital cities. Third, the policy has a significant positive spatial spillover effect, but its strength decays with increasing distance. The effective range is primarily concentrated within 50–450&#xa0;km, beyond which the effect is no longer statistically significant. This study provides empirical evidence for optimizing the design and extension of green finance pilot policies and offers policy insights for comprehensively advancing rural green transformation.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Can green finance reform become an accelerator for boosting rural green development? Evidence from China

  • 期刊论文

  • 发表日期：

    2026年3月2日

查看全文
  • Yi Wang,
  • Yao Zhang,
  • Shuya Cai

摘要

Whether green finance reform can effectively promote rural green development (RGD) is a critical question in the context of ecological civilization construction. Treating China’s Green Finance Reform and Innovation Pilot Zone (GFRIPZ) policy as a quasi-natural experiment, based on panel data from 275 prefecture-level cities between 2010 and 2021, this study systematically examined the policy’s impact, heterogeneity, and spatial spillover characteristics on rural green development by employing multi-period difference-in-differences (DID) and spatial difference-in-differences (SDID) models. The findings are as follows: First, the pilot policy significantly accelerates local rural green development, and this result holds under various robustness checks. Second, the promoting effect exhibits significant heterogeneity, being more pronounced in central and western regions, non-resource-based cities, and non-provincial-capital cities. Third, the policy has a significant positive spatial spillover effect, but its strength decays with increasing distance. The effective range is primarily concentrated within 50–450 km, beyond which the effect is no longer statistically significant. This study provides empirical evidence for optimizing the design and extension of green finance pilot policies and offers policy insights for comprehensively advancing rural green transformation.