August 17, 2025SAGE OpenOpen Access

Green Finance and Green Total Factor Productivity: Impact Mechanisms, Threshold Characteristics, and Spatial Effects

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Observational analysis reveals green finance boosts green total factor productivity in China, highlighting significant spatial effects.

Green finance directly promotes green total factor productivity by about 2.98% for every 1% increase, affecting local economies positively.
Key mechanisms include green technological innovation and industrial structure improvements, essential for productivity growth.
Observational analysis using panel data from 30 provinces between 2010 and 2020 demonstrates role of threshold effects.
Significant spatial spillover effects were noted, particularly impacting eastern and highly marketized regions.

Qin et al. (2025) studied this question.

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