Green Credit Effects of Local Debt Management System Reform:Evidence Based on Regression Discontinuity Design

[1] Cilliers, E. J., Diemont, E., & Stobbelaar, D. J. (2010). Sustainable green urban planning: The Green Credit Tool. Journal of Place Management and Development, 3(1), 57-66. Cilliers E. J. Diemont E. Stobbelaar D. J. ( 2010 ). Sustainable green urban planning: The Green Credit Tool . Journal of Place Management and Development , 3 ( 1 ), 57 - 66 . Search in Google Scholar

[2] Panizza, U., & Presbitero, A. F. (2013). Public debt and economic growth in advanced economies: A survey. Swiss Journal of Economics & Statistics, (2), 175-204. Panizza U. Presbitero A. F. ( 2013 ). Public debt and economic growth in advanced economies: A survey . Swiss Journal of Economics & Statistics , ( 2 ), 175 - 204 . Search in Google Scholar

[3] Guo, Y., Li, Y., & Qian, Y. (2022). Local government debt risk assessment: A deep learning-based perspective. Information Processing & Management, 59(3), 102948. Guo Y. Li Y. Qian Y. ( 2022 ). Local government debt risk assessment: A deep learning-based perspective . Information Processing & Management , 59 ( 3 ), 102948 . Search in Google Scholar

[4] Mai, J., & Xu, F. (2015). Research on the impact factors of green finance in China based on joint analysis. Macroeconomics, (5), 23-37. Mai J. Xu F. ( 2015 ). Research on the impact factors of green finance in China based on joint analysis . Macroeconomics , ( 5 ), 23 - 37 . Search in Google Scholar

[5] People′s Bank of China Guiyang Central Branch Youth Research Group, & Ren, A. (2020). People′s Bank of China Guiyang Central Branch Youth Research Group Ren A. ( 2020 ). Search in Google Scholar

[6] Policy-driven or market-driven? Green finance development index calculation and influencing factor analysis based on text mining technology. Southwest Finance, (4), 78-89. Policy-driven or market-driven? Green finance development index calculation and influencing factor analysis based on text mining technology . Southwest Finance , ( 4 ), 78 - 89 . Search in Google Scholar

[7] Li, S. (2019). Evolutionary game analysis of green credit under reward and punishment mechanism. Financial Regulation Research, (5), 83-98. Li S. ( 2019 ). Evolutionary game analysis of green credit under reward and punishment mechanism . Financial Regulation Research , ( 5 ), 83 - 98 . Search in Google Scholar

[8] Jiang, J., Li, J., & Wang, W. (2023). How does blockchain technology affect the development of green finance? Theoretical analysis and empirical verification. Environmental Science and Pollution Research, (5), 1-17. Jiang J. Li J. Wang W. ( 2023 ). How does blockchain technology affect the development of green finance? Theoretical analysis and empirical verification . Environmental Science and Pollution Research , ( 5 ), 1 - 17 . Search in Google Scholar

[9] Zeng, Y., & Chen, D. (2016). Institutional innovation of green credit in the context of supply-side reform. Jiangxi Social Science, 36(4), 48-52. Zeng Y. Chen D. ( 2016 ). Institutional innovation of green credit in the context of supply-side reform . Jiangxi Social Science , 36 ( 4 ), 48 - 52 . Search in Google Scholar

[10] Wang, Y., Pan, D., & Peng, Y. (2019). A study on green credit incentive policy based on DSGE model. Journal of Financial Research, 62(11), 1-18. Wang Y. Pan D. Peng Y. ( 2019 ). A study on green credit incentive policy based on DSGE model . Journal of Financial Research , 62 ( 11 ), 1 - 18 . Search in Google Scholar

[11] Hu, Y., Jiang, H., & Zhong, Z. (2020). Impact of green credit on industrial structure in China: Theoretical mechanism and empirical analysis. Environmental Science and Pollution Research, 27(12), 10506-10519. Hu Y. Jiang H. Zhong Z. ( 2020 ). Impact of green credit on industrial structure in China: Theoretical mechanism and empirical analysis . Environmental Science and Pollution Research , 27 ( 12 ), 10506 - 10519 . Search in Google Scholar

[12] Jiang, T. (2022). The mediating effect and moderating effect in the empirical study of causal inference. China Industrial Economics, 35(05), 100-120. Jiang T. ( 2022 ). The mediating effect and moderating effect in the empirical study of causal inference . China Industrial Economics , 35 ( 05 ), 100 - 120 . Search in Google Scholar

[13] Bröthaler, J., Getzner, M., & Haber, G. (2015). Sustainability of local government debt: A case study of Austrian municipalities. Empirica, 42, 521-546. Bröthaler J. Getzner M. Haber G. ( 2015 ). Sustainability of local government debt: A case study of Austrian municipalities . Empirica , 42 , 521 - 546 . Search in Google Scholar

[14] Hong, Y., & Hu, H. (2023). Whether local government self-issuance of bonds is conducive to improving the quality of regional economic development? Quasi-natural experimental analysis based on the comprehensive reform of ‘spontaneous self-repayment’ of local bonds. Journal of Financial Research, 64(05), 77-95. Hong Y. Hu H. ( 2023 ). Whether local government self-issuance of bonds is conducive to improving the quality of regional economic development? Quasi-natural experimental analysis based on the comprehensive reform of ‘spontaneous self-repayment’ of local bonds . Journal of Financial Research , 64 ( 05 ), 77 - 95 . Search in Google Scholar

[15] Tian, S., Huang, Y., & Zhang, C. (2021). Research on the impact of the ‘spontaneous self-repayment’ model of local government on local government land transfer behavior. Finance and Economics Review, 2(11), 25-35. Tian S. Huang Y. Zhang C. ( 2021 ). Research on the impact of the ‘spontaneous self-repayment’ model of local government on local government land transfer behavior . Finance and Economics Review , 2 ( 11 ), 25 - 35 . Search in Google Scholar

[16] Bi, S., & Wang, X. (2021). Budget soft constraints of local government debt under the new budget law: Calculation based on the transaction data of ‘spontaneous and self-repaid’ local government bonds. Economic Review, (05), 136-151. Bi S. Wang X. ( 2021 ). Budget soft constraints of local government debt under the new budget law: Calculation based on the transaction data of ‘spontaneous and self-repaid’ local government bonds . Economic Review , ( 05 ), 136 - 151 . Search in Google Scholar

[17] Liang, R., & Wang, Q. (2021). Reform of local debt management system and alleviation of corporate financing dilemma. Economic Research Journal, 56(04), 60-76. Liang R. Wang Q. ( 2021 ). Reform of local debt management system and alleviation of corporate financing dilemma . Economic Research Journal , 56 ( 04 ), 60 - 76 . Search in Google Scholar

[18] Hu, Y., Zhang, H., & Ma, W. (2022). Economic management. Economic Management, 44(08), 152-169. Hu Y. Zhang H. Ma W. ( 2022 ). Economic management . Economic Management , 44 ( 08 ), 152 - 169 . Search in Google Scholar

[19] Deng, X., Cao, C., & Li, Y. (2023). Reform of local debt management system and corporate leverage ratio. Finance and Trade Research, 34(10), 62-72. Deng X. Cao C. Li Y. ( 2023 ). Reform of local debt management system and corporate leverage ratio . Finance and Trade Research , 34 ( 10 ), 62 - 72 . Search in Google Scholar

[20] Lin, B., & Pan, T. (2022). How do environmental regulations affect the development of green credit? Chinese Population, Resources and Environment, 32(08), 50-61. Lin B. Pan T. ( 2022 ). How do environmental regulations affect the development of green credit? Chinese Population, Resources and Environment , 32 ( 08 ), 50 - 61 . Search in Google Scholar

[21] Huang, L., Huang, S., & Yang, C. (2023). The impact and mechanism of financial technology on green credit: Based on the perspective of financial technology of commercial banks. Research on Financial Development, 42(07), 73-82. Huang L. Huang S. Yang C. ( 2023 ). The impact and mechanism of financial technology on green credit: Based on the perspective of financial technology of commercial banks . Research on Financial Development , 42 ( 07 ), 73 - 82 . Search in Google Scholar

[22] Liang, H., Chen, Q., & Liao, T., et al. (2020). How do local government debt swaps affect banks’ money creation? An empirical analysis based on 141 commercial banks. Regional Finance Research, 41(04), 42-49. Liang H. Chen Q. Liao T. ( 2020 ). How do local government debt swaps affect banks’ money creation? An empirical analysis based on 141 commercial banks . Regional Finance Research , 41 ( 04 ), 42 - 49 . Search in Google Scholar