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Financial Development, Economic Growth and Provincial CO2 Emission in China
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TitleFinancial Development, Economic Growth and Provincial CO2 Emission in China  
AuthorLing Xiong and Shaozhou Qi  
OrganizationInstitute for International Studies, Wuhan University; 
Key WordsFinancial Development; Provincial Carbon Emission; STIRPAT Model 
AbstractWhile financial development can promote economic growth, its impact on carbon dioxide emissions can not be ignored. Expanding the STIRPAT model and using Chinese dynamic panel data of 30 provinces in 1997-2011, this paper will discuss and reveal the impact mechanism of financial development on provincia carbon emissions. The result shows that the sum of the wealth effect and scale effect of financial development on carbon emission showes to be more than the sum of its technical effects and structural effects. This is mainly determined by the stage of development of China's financial system. If there is no corresponding green support system, financial development will further worsen the pressure of carbon emissions. Meanwhile, it will weaken the effects of policies largely if the government did not fully consider the financial development factors in the development of energy conservation policies and measures. 
Serial NumberWP843 
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