scholarly journals Research on the Environmental Effect of Green Finance Policy Based on the Analysis of Pilot Zones for Green Finance Reform and Innovations

2021 ◽  
Vol 13 (7) ◽  
pp. 3754 ◽  
Author(s):  
Haifeng Huang ◽  
Jing Zhang
Keyword(s):  
Environmental Pollution ◽  
Environmental Effect ◽  
Industrial Structure ◽  
Mediating Effect ◽  
Finance Reform ◽  
Financial Policies ◽  
Green Finance ◽  
Finance Policy ◽  
The Difference ◽  
Set Up

In this study, taking the pilot zones for green finance reform and innovations set up in 2017 as the objects, a quasi-natural experiment is conducted to assess the environmental effects of green finance policy using the difference-in-difference propensity score matching (PSM-DID) method based on the panel data in 30 provincial-level administrative regions from 2011 to 2019. In addition, further efforts are made to investigate the differences of green financial policies in environmental effect. According to the research findings, the set-up of green finance pilot zones can reduce the environmental pollution, and green finance policy is conductive to environmental enhancement. Meanwhile, a partial mediating effect exists between a region’s innovation capability and industrial structure. On the whole, green finance policy plays the most significant role in improving the eastern region’s environmental pollution, followed by the central region, but barely enhances the environment in the western region. To sum up, the more serious the environmental pollution is, the better the effect of green finance policy.

scholarly journals High-speed Railways and Environmental Pollution: The Mediating Effect of Environmental Regulations and Moderating Effect of Officials' Political Promotion Incentives

2021 ◽  
Author(s):  
Liping Li ◽  
Yuandi Wang ◽  
Qisheng Chen ◽  
Jiang Wu ◽  
Ximeng Jia
Keyword(s):  
Environmental Pollution ◽  
High Speed ◽  
Environmental Regulations ◽  
Mediating Effect ◽  
Trend Test ◽  
Difference In Differences ◽  
Mediating Role ◽  
The Difference ◽  
The Government

Abstract This study examines the relationship between high-speed railways (HSRs) and environmental pollution by focusing on the mediating role of environmental regulations and the moderating role of officials’ political promotion incentives. Based on a sample of 113 prefecture-level cities, with balanced panel data in China from 2009 to 2017, using the difference-in-differences (DID) model, the results show that HSRs can reduce environmental pollution via the mediating effect of environmental regulations. Additionally, high officials’ political promotion incentives can strengthen this mediating effect. A propensity score matching with difference-in-differences (PSM-DID) model is used to solve endogenous problems, and a placebo test and a parallel trend test indicate that these results are robust. This study encourages the government to rationally promote the construction of high-speed railways and expand the social advantages of high-speed railways to improve environmental regulations and reduce environmental pollution.

scholarly journals Will Green Finance Contribute to a Green Recovery? Evidence From Green Financial Pilot Zone in China

2021 ◽  
Vol 9 ◽  
Author(s):  
Jun Hu ◽  
Juncheng Li ◽  
Xiangyu Li ◽  
Yueyue Liu ◽  
Wenwei Wang ◽  
...  
Keyword(s):  
Eastern Region ◽  
Finance Reform ◽  
Long Run ◽  
Green Finance ◽  
Implementation Effect ◽  
Development Levels ◽  
Set Up ◽  
The Impact ◽  
Micro Enterprises

In the post-epidemic era, green finance plays a more significant role in supporting the “green recovery” of the economy, so it is necessary to evaluate the implementation effect of previous green financial policies. In 2017, the green finance reform and innovation pilot zone set up in five provinces and autonomous regions made an exploration in the development of green finance. From the perspective of micro-enterprises, can this policy play a beneficial policy effect in the long run? Based on the quasi-natural experiment of green finance pilot, using the data of A-share listed companies, this paper empirically tests the impact of pilot policies on the long-term value of green enterprises in pilot areas. It is found that, compared with non-pilot zones, the green finance pilot enables a significant increase in the Tobin Q-measured value of green enterprises in the pilot zones. Heterogeneity analysis shows that green finance pilot has a more significant impact on non-state-owned enterprises, enterprises in traditional industries, large enterprises, and enterprises in the eastern region of China. Green finance pilot zone can achieve better policy effects in areas with stronger environmental impact regulation and higher financial development levels. The mechanism test shows that the green finance pilot affects the long-term value of green enterprises through the capital market effect improving the stock trading activity of enterprises and through the real effect improving the operational efficiency and profitability of enterprises. From the perspective of micro-enterprises, this paper enriches the research on the development effect of green finance and provides theoretical support for the effect evaluation of green finance pilot policies.

scholarly journals Impacts of Foreign Direct Investment and Industrial Structure Transformation on Haze Pollution across China

2021 ◽  
Vol 13 (10) ◽  
pp. 5439
Author(s):  
Chenggang Li ◽  
Tao Lin ◽  
Zhenci Xu ◽  
Yuzhu Chen
Keyword(s):  
Foreign Direct Investment ◽  
Environmental Pollution ◽  
Direct Investment ◽  
Industrial Structure ◽  
Spatial Data Analysis ◽  
Annual Data ◽  
Eastern Region ◽  
Structure Transformation ◽  
Haze Pollution ◽  
The Impact

With the development of economic globalization, some local environmental pollution has become a global environmental problem through international trade and transnational investment. This paper selects the annual data of 30 provinces in China from 2000 to 2017 and adopts exploratory spatial data analysis methods to explore the spatial agglomeration characteristics of haze pollution in China’s provinces. Furthermore, this paper constructs a spatial econometric model to test the impact of foreign direct investment (FDI) and industrial structure transformation on haze pollution. The research results show that the high-high concentration area of haze pollution in China has shifted from the central and western regions to the eastern region and from inland regions to coastal regions. When FDI increases by 1%, haze pollution in local and neighboring areas will be reduced by 0.066% and 0.3538%, respectively. However, the impact of FDI on haze pollution is heterogeneous in different stages of economic development. FDI can improve the rationalization level of industrial structure, and then inhibit the haze pollution. However, FDI inhibits the upgrading level of industrial structure to a certain extent, and then aggravates the haze pollution. The research in this paper provides an important decision-making basis for coordinating the relationship between FDI and environmental pollution and realizing green development.

Experimental Investigation into Driver Behavior along Curved and Parallel Diverging Terminals of Exit Interchange Ramps

2021 ◽  
pp. 036119812199742
Author(s):  
Alberto Portera ◽  
Marco Bassani
Keyword(s):  
Design Stage ◽  
Lane Change ◽  
Age And Gender ◽  
Traffic Conditions ◽  
Current Design ◽  
The Difference ◽  
Safety Countermeasures ◽  
And Gender ◽  
Set Up ◽  
Curve Radius

Current design manuals provide guidance on how to design exit ramps to facilitate driving operations and minimize the incidence of crashes. They also suggest that interchanges should be built along straight roadway sections. These criteria may prove ineffective in situations where there is no alternative to terminals being located along curved motorway segments. The paper investigates driving behavior along parallel deceleration curved terminals, with attention paid to the difference in impact between terminals having a curvature which is the same sign as the motorway segment (i.e., continue design), and those having an opposite curvature (i.e., reverse design). A driving simulation study was set up to collect longitudinal and transversal driver behavioral data in response to experimental factor variations. Forty-eight drivers were stratified on the basis of age and gender, and asked to drive along three randomly assigned circuits with off-ramps obtained by combining experimental factors such as motorway mainline curve radius (2 values), terminal length (3), curve direction (2), and traffic conditions (2). The motorway radius was found to be significant for drivers’ preferred speed when approaching the terminal. Terminal length and traffic volume do not have a significant impact on either longitudinal or transversal driver outputs. However, the effect of curve direction was found to be significant, notably for reverse terminals which do not compel drivers to select appropriate speeds and lane change positions. This terminal type can give rise to critical driving situations that should be considered at the design stage to facilitate the adoption of appropriate safety countermeasures.

scholarly journals An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China

2021 ◽  
Vol 13 (13) ◽  
pp. 7148
Author(s):  
Wenjie Zhang ◽  
Mingyong Hong ◽  
Juan Li ◽  
Fuhong Li
Keyword(s):  
Carbon Dioxide ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Industrial Structure ◽  
Emissions Reduction ◽  
Green Finance ◽  
Carbon Emissions Reduction ◽  
Negative Effect ◽  
Emissions Intensity ◽  
The Impact

The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using a set of panel data including 30 provinces and cities, this study focused on the impact of green credit on carbon dioxide emissions in China from 2006 to 2016. The empirical results indicated that green credit has a significantly negative effect on carbon dioxide emissions intensity. Furthermore, after the mechanism examination, we found that the promotion impacts of green credit on industrial structure upgrading and technological innovation are two effective channels to help reduce carbon dioxide emissions. Heterogeneity analysis found that there are regional differences in the effect of green credit. In the western and northeastern regions, the effect of green credit is invalid. Quantile regression results implied that the greater the carbon emissions intensity, the better the effect of green credit. Finally, a further discussion revealed there exists a nonlinear correlation between green credit and carbon dioxide emissions intensity. These findings suggest that the core measures to promote carbon emission reduction in China are to continue to expand the scale of green credit, increase the technology R&D investment of enterprises, and to vigorously develop the tertiary industry.

Pump Performance Improvement by Restraining Back Flow in Screw-Type Centrifugal Pump

2005 ◽  
Vol 127 (4) ◽  
pp. 755-762 ◽  
Author(s):  
Yasushi Tatebayashi ◽  
Kazuhiro Tanaka ◽  
Toshio Kobayashi
Keyword(s):  
Pressure Fluctuations ◽  
Centrifugal Pumps ◽  
Two Phase ◽  
Simple Method ◽  
Back Flow ◽  
Pump Performance ◽  
Impeller Outlet ◽  
Pump Head ◽  
The Difference ◽  
Set Up

The authors have been investigating the various characteristics of screw-type centrifugal pumps, such as pressure fluctuations in impellers, flow patterns in volute casings, and pump performance in air-water two-phase flow conditions. During these investigations, numerical results of our investigations made it clear that three back flow regions existed in this type of pump. Among these, the back flow from the volute casing toward the impeller outlet was the most influential on the pump performance. Thus the most important factor to achieve higher pump performance was to reduce the influence of this back flow. One simple method was proposed to obtain the restraint of back flow and so as to improve the pump performance. This method was to set up a ringlike wall at the suction cover casing between the impeller outlet and the volute casing. Its effects on the flow pattern and the pump performance have been discussed and clarified to compare the calculated results with experimental results done under two conditions, namely, one with and one without this ring-type wall. The influence of wall’s height on the pump head was investigated by numerical simulations. In addition, the difference due to the wall’s effect was clarified to compare its effects on two kinds of volute casing. From the results obtained it can be said that restraining the back flow of such pumps was very important to achieve higher pump performance. Furthermore, another method was suggested to restrain back flow effectively. This method was to attach a wall at the trailing edge of impeller. This method was very useful for avoiding the congestion of solids because this wall was smaller than that used in the first method. The influence of these factors on the pump performance was also discussed by comparing simulated calculations with actual experiments.

Telemedicine in pediatric and perinatal cardiology: Economic evaluation of a service in English hospitals

2007 ◽  
Vol 23 (1) ◽  
pp. 116-125 ◽  
Author(s):  
Robin Dowie ◽  
Hema Mistry ◽  
Tracey A. Young ◽  
Gwyn C. Weatherburn ◽  
Helena M. Gardiner ◽  
...  
Keyword(s):  
Older Children ◽  
Telemedicine Service ◽  
Clinical Events ◽  
District Hospitals ◽  
Nonsignificant Difference ◽  
Patient Groups ◽  
Women And Children ◽  
The Difference ◽  
Set Up ◽  
Mean Cost

Objectives:Pediatric cardiology has an expanding role in fetal and pediatric screening. The aims of this study were to observe how district hospitals use a pediatric telecardiology service, and to compare the costs and outcomes of patients referred to specialists by means of this service or conventionally.Methods:A telemedicine service was set up between a pediatric cardiac center in London and four district hospitals for referrals of second trimester women, newborn babies, and older children. Clinicians in each hospital decided on the role for their service. Clinical events were audited prospectively and costed, and patient surveys were conducted.Results:The hospitals differed in their selection of patient groups for the service. In all, 117 telemedicine patients were compared with 387 patients seen in London or in outreach clinics. Patients selected for telemedicine were generally healthier. For all patients, the mean cost for the initial consultation was £411 for tele-referrals and £277 for conventional referrals, a nonsignificant difference. Teleconsultations for women and children were significantly more expensive because of technology costs, whereas for babies, ambulance transfers were much more costly. After 6-months follow-up, the difference between referral methods for all patients was nonsignificant (telemedicine, £3,350; conventional referrals, £2,172), and nonsignificant within the patient groups.Conclusions:Telemedicine was perceived by cardiologists, district clinicians, and families as reliable and efficient. The equivocal 6-month cost results indicate that investment in the technology is warranted to enhance pediatric and perinatal cardiology services.

Reconfiguration and Unified Kinematics Analysis of a Metamorphic Parallel Mechanism With Bifurcated Motion

2012 ◽  
Author(s):  
Dongming Gan ◽  
Jian S. Dai ◽  
Lakmal D. Seneviratne
Keyword(s):  
Parallel Mechanism ◽  
Geometric Condition ◽  
Translation Vector ◽  
Kinematics Analysis ◽  
Constraint Equations ◽  
Mechanism Modeling ◽  
The Difference ◽  
Two Phases ◽  
Set Up ◽  
Joint Center

This paper introduced a new metamorphic parallel mechanism consisting of four reconfigurable rTPS limbs. Based on the reconfigurability of the reconfigurable Hooke (rT) joint, the rTPS limb has two phases while in one phase the limb has no constraint to the platform, in the other it constrains the spherical joint center to lie on a plane. This results in the mechanism to have ability of reconfiguration between different topologies with variable mobility. Geometric constraint equations of the platform rotation matrix and translation vector are set up based on the point-plane constraint, which reveals the bifurcated motion property in the topology with mobility 2 and the geometric condition with mobility change in altering to other mechanism topologies. Following this, a unified kinematics limb modeling is proposed considering the difference between the two phases of the reconfigurable rTPS limb. This is further applied for the mechanism modeling and both the inverse and forward kinematics is analytically solved by combining phases of the four limbs covering all the mechanism topologies.

scholarly journals Reproducibility of suppression of Pythium wilt of cucumber by compost

2014 ◽  
Vol 23 (3) ◽  
pp. 236-245 ◽  
Author(s):  
Mauritz Vilhelm Vestberg ◽  
Sanna Kukkonen ◽  
Päivi Parikka ◽  
Dan Yu ◽  
Martin Romantschuk
Keyword(s):  
Raw Materials ◽  
Dry Weight ◽  
Shoot Height ◽  
Bacterial Diseases ◽  
Sphagnum Peat ◽  
Shoot Dry Weight ◽  
Suppressive Capacity ◽  
The Difference ◽  
Set Up

There is increasing global interest in using compost to suppress soil-borne fungal and bacterial diseases and nematodes. We studied the reproducibility of compost suppressive capacity (SC) against Pythium wilt of cucumber using nine composts produced by the same composting plant in 2008 and 2009. A bioassay was set up in a greenhouse using cucumber inoculated with two strains of Pythium. The composts were used as 20% mixtures (v:v) of a basic steam-sterilized light Sphagnum peat and sand (3:1, v:v). Shoot height was measured weekly during the 5-week experiment. At harvest, the SC was calculated as the % difference in shoot dry weight (DW) between non-inoculated and inoculated cucumbers. The SC was not affected by year of production (2008 or 2009), indicating reproducibility of SC when the raw materials and the composting method are not changed. Differences in shoot height were not as pronounced as those for shoot DW. The results were encouraging, but further studies are still needed for producing compost with guaranteed suppressiveness properties.

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