Author(s)

Yanan Wu ¹, Chunlin He ¹

Affiliation(s)

¹ School of Economics, Guangzhou College of Commerce, Guangzhou, Guangdong, 511363, China

Corresponding Author

Yanan Wu

ABSTRACT

Financial agglomeration not only produces economic effects, but also has environmental effects that cannot be ignored. Therefore, this paper adopts the panel data of 30 provinces in China from 2007 to 2018, and use benchmark regression analysis, quantile regression, regional heterogeneity test and robustness test to discuss the impact of financial agglomeration on carbon emissions. It is found that the linear relationship between financial agglomeration and carbon emissions presents an inverted "U" state. Quantile regression shows that with the change of quantile, the inverted "U" shape of financial agglomeration and carbon emission changes. Regional heterogeneity shows that financial agglomeration in the eastern region has an inverted "U" shaped relationship on carbon emission intensity, while financial agglomeration in the central and western regions have no significant effect on carbon emission intensity.

KEYWORDS

Financial agglomeration, Carbon emissions, Industrial structure, Economies of scale, Nonlinear relationship, Carbon emission intensity

CITE THIS PAPER

Yanan Wu, Chunlin He, The Impact of Financial Agglomeration on Carbon Emission. Population, Resources & Environmental Economics (2023) Vol. 4: 28-38. DOI: http://dx.doi.org/10.23977/pree.2023.040104.

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