2024/11/26 by Bowen Fu, Yixiang Zhang, Sholeh Maani +2 · 18 citations
Economics, Econometrics and Finance · Energy · #Business #China #Economics #Energy, Environment, Economic Growth #Energy, Environment, and Transportation Policies #Finance #Fiscal Policy and Economic Growth #Job creation #Labour economics #Political science
paper · doi:10.1016/j.eneco.2024.108090
published in Energy Economics 141, 108090 (Elsevier BV)
openalex publication_date 2024/11/26 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
As environmental issues related to global climate change intensify, green finance (GF) policies have emerged as vital tools for promoting sustainable development. This study examines the impact of GF policies on employment in China's manufacturing sector. Using unbalanced panel data of Chinese listed manufacturing enterprises from 2012 to 2021, and employing the difference-in-differences model, this study analyzes the impact of establishing China's GF innovation and reform pilot zones on manufacturing employment. The results show that the implementation of GF policies significantly increases employment in the manufacturing sector, with a more pronounced effect in non-state-owned enterprises, non-heavy-polluting industries , and high-tech manufacturing enterprises. Additionally, the study finds that GF policies alleviate financing constraints, enhancing employment levels in manufacturing enterprises. This research contributes to the existing literature by elucidating the employment effects of GF and providing insights for policymakers to use in fostering GF for economic growth.