Financial Development， Technological Innovation and Environmental Pollution

doi:10.15936/j.cnki.1008-3758.2019.02.005

Abstract

Abstract: By constructing a dynamic endogenous growth model involving financial development， technological innovation and environmental pollution， it is deduced that financial development and technological innovation will inhibit environmental pollution under the assumption that technological innovation is a mediator of financial development to curb environmental pollution. This paper uses the provincial panel data from 1998 to 2016 to study the impact of financial development on environmental pollution. The results show that the credit scale of financial institutions and financial market financing scale are negatively correlated with environmental pollution， which is consistent with the conclusion of the theoretical model. This paper uses technological innovation as a mediator to study the mechanism of the impact of financial development on environmental pollution， and concludes that financial development improves environmental pollution by enhancing the level of technological innovation. It is found that there are geographical differences in the impact of financial development on environmental pollution.

Key words: financial development, environmental pollution, technological innovation, endogenous growth, intermediary effect

CLC Number:

F062.2

HE Jun， CHENG Rui， LIU Ting. Financial Development， Technological Innovation and Environmental Pollution[J]. Journal of Northeastern University(Social Science), 2019, 21(2): 139-148.

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