Author(s)

Zou Nianshao

Corresponding Author

Zou Nianshao

ABSTRACT

Aiming at the research on the impact of financial leverage on the growth of green economy, this paper selects the sample data of 287 cities from 2014 to 2021, applies the fixed-effect model, and draws three conclusions: (1)The increase of financial leverage has a significant promoting effect on the growth of green economy; (2)The robustness analysis shows that the promotion effect of financial leverage on green economic growth is consistent with the benchmark regression results;(3)Through the heterogeneity test, it can be seen that the role of financial leverage on green economic growth in different regions is eastern, central and western from large to small; Financial leverage has a more significant role in promoting green economic growth in non-low-carbon pilot cities.

KEYWORDS

Low-carbon economy, Financial leverage, Green economy, Fixed effect model