Unleashing the mechanism between small and medium enterprises, and green financing in China: a pathway toward environmental sustainability and green economic recovery.
Environ Sci Pollut Res Int
; 30(1): 1672-1685, 2023 Jan.
Article
en En
| MEDLINE
| ID: mdl-35921014
ABSTRACT
In this research, we analyzed green finance, small and medium-sized businesses, and financial literacy in China to boost the green economy. Green finance and financial literacy were examined holistically using a rigorous empirical approach and data envelopment analysis to provide the way to advance green economic recovery in this research. According to empirical evidence, green financing impacts SMEs at 0.31, 0.41, and 2.02 on green economic recovery. China's green finance and small businesses contribute significantly to the country's overall green economic revival. A more accurate forecast of green economic recovery was made possible by including other variables such as population expansion, development, and small business development. The analysis used the data envelopment analysis, and the results were solid. Additional hypothetical time-dependent instances demonstrated China's predicted green financing and small business's nexus for 2000 to 2020. The proportion of SMEs is decreasing, and as a result, green financing and financial literacy have increased by an average of 12.5% during this time. China's green financing would fall dramatically if the country's industrial structure is reduced. According to our findings, financial literacy is positively correlated with green economic recovery, while illiteracy is negatively correlated with growth. Finally, the report provides some ideas for China's future green economic recovery.
Palabras clave
Texto completo:
1
Colección:
01-internacional
Base de datos:
MEDLINE
Asunto principal:
Análisis de Datos
/
Isoflavonas
Tipo de estudio:
Health_economic_evaluation
/
Prognostic_studies
País/Región como asunto:
Asia
Idioma:
En
Revista:
Environ Sci Pollut Res Int
Asunto de la revista:
SAUDE AMBIENTAL
/
TOXICOLOGIA
Año:
2023
Tipo del documento:
Article
País de afiliación:
China