A Study of Spatial Spillovers from Fiscal Decentralization on the Efficiency of Green Economy—And the Moderating Role of Financial Decentralization

Sustainability, Journal Year: 2024, Volume and Issue: 16(15), P. 6487 - 6487

Published: July 29, 2024

A robust fiscal and financial system constitutes a fundamental pillar of national governance. This paper investigates the spatial correlation between decentralization, local green economic efficiency using panel data from 285 cities in China. The findings reveal several key insights. First, decentralization hampers enhancement but exerts “warning effect” on neighboring regions. In contrast, promotes triggers “clustering areas, indicating an agglomeration impact. Second, synergies are not immediately apparent, while they mitigate regions’ efficiency. Third, maturity market completeness infrastructure positively influence impact Fourth, significantly impacts short term, yet their long-term effects negligible. Consequently, this recommends enhancing development instituting dynamic mechanism for adjusting decentralization. Based aforementioned findings, provides corresponding countermeasure recommendations. These recommendations only contribute academically to study perspectives also offer Chinese model other developing countries seeking balance fiscal, financial, sustainable development.

Language: Английский

Does Cross-Listing on the Hong Kong Stock Exchange Affect Chinese Firms’ Green Innovation? New Evidence

Borsa Istanbul Review, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 1, 2025

Language: Английский

Are Enterprises Embedding in Platform Ecosystems Greener? A Resource Curse View

Heliyon, Journal Year: 2024, Volume and Issue: 10(22), P. e39802 - e39802

Published: Oct. 31, 2024

Language: Английский