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Research on the Impact of Green Investment on Low-Carbon Economic Development: Based on the Test of Spatial Spillover Effect

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  • Rongjuan Tan

    (School of Economics, Guangdong University of Technology, Guangzhou 510520, China)

  • Ziyi Zhou

    (School of Economics, Guangdong University of Technology, Guangzhou 510520, China)

Abstract

To address the challenge of achieving coordinated development between the economy and the environment in the context of a green economy, this study utilized the SBM-GML model to assess the total factor carbon productivity across 30 provinces in China from 2012 to 2021. This assessment aimed to quantify the development index of the low-carbon economy and elucidate its spatial characteristics. The findings indicate the following: (1) The transition and development of China’s low-carbon economy exhibit spatial agglomeration characteristics; however, there are notable disparities in the degree of agglomeration across different regions. (2) The influence of green investments on the low-carbon economic advancement of both local and adjacent regions exhibits distinct nonlinear attributes, with the local impact being more pronounced than the neighboring effect. (3) Innovation in low-carbon technologies serves as a partial intermediary in the relationship between green investment and low-carbon economic advancement. (4) Different types of green investment have heterogeneous impacts on low-carbon economic development.

Suggested Citation

  • Rongjuan Tan & Ziyi Zhou, 2025. "Research on the Impact of Green Investment on Low-Carbon Economic Development: Based on the Test of Spatial Spillover Effect," Sustainability, MDPI, vol. 17(5), pages 1-25, March.
    • Handle: RePEc:gam:jsusta:v:17:y:2025:i:5:p:2185-:d:1604286
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    References listed on IDEAS

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