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Mechanisms for realizing the ecological products value: Green finance intervention and support

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  • Song, Malin
  • Du, Juntao

Abstract

The essence of ecological product value is the rational development and utilization of natural ecological and environmental resources, which are converted into social attributes or economic value. An accurate assessment of the value of ecological products is a prerequisite for realizing their economic value. However, few studies have measured the interaction mechanism between green finance and ecological products value. This study measured the ecological products value at the city level in China from 2010 to 2021, based on the dynamic equivalent moderator model. A spatial panel data model was used to analyze the spatial pattern and dynamic evolution of ecological products value and identify their driving factors. The ecological products value in China showed an increasing trend from 2010 to 2021, and there were obvious spatial correlations between regions. Green finance significantly contributes to the realization of ecological products value, and robust estimation results can still be obtained after controlling for endogeneity. Meanwhile, the role of green finance has a spatial spillover effect. This study provides a new research perspective for correctly assessing ecological products value and studying the role of green finance in realizing ecological products value.

Suggested Citation

  • Song, Malin & Du, Juntao, 2024. "Mechanisms for realizing the ecological products value: Green finance intervention and support," International Journal of Production Economics, Elsevier, vol. 271(C).
    • Handle: RePEc:eee:proeco:v:271:y:2024:i:c:s0925527324000677
    DOI: 10.1016/j.ijpe.2024.109210
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    2. Wenhua Xu & Qixiang Yuan & Naixin Chen & Jian Ye, 2025. "Green Finance and Energy Structure Transition: Evidence from China," Sustainability, MDPI, vol. 17(11), pages 1-20, May.
    3. Jiazhan Gao & Guihong Hua & Kedi Wang & Baofeng Huo, 2026. "Green finance and brown firms along the chain: environmental gains, economic pains, and supply-chain transmission," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 12(1), pages 1-35, December.
    4. Weifeng Deng & Yaobin Liu & Shuoshuo Li, 2025. "Enhancing the Conversion Efficiency of Ecological Product Value Through Digital Finance: Measurement and Mechanism Analysis," Land, MDPI, vol. 14(10), pages 1-23, October.
    5. Xie, Xiaofeng & Xu, Xun & Zhang, Chong & Zhang, Fengying, 2025. "Enhancing a triple capital-constrained supply chain performance: Alliance financing, profit distribution, and information structure," International Journal of Production Economics, Elsevier, vol. 281(C).
    6. Yu, Jingjing & Liang, Yanhong & Wang, Kang, 2025. "Ecological service value and the development of green finance: The grouping effect of environmental penalty intensity," Finance Research Letters, Elsevier, vol. 86(PB).
    7. Ben Pei & Shulin Chen, 2024. "Does Green Finance Enhance the Ecological Value Level of Cultivated Land? Evidence from Mainland China," Agriculture, MDPI, vol. 14(12), pages 1-27, December.
    8. Lijun Wu & Zebin Wu & Weidong Liu, 2024. "Exploring the Realization Level and the Obstacles Affecting Different Types of Ecological Product Value—A Typical Case from Zhejiang, China," Sustainability, MDPI, vol. 16(22), pages 1-19, November.

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