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This study examines the effect of green finance on green technology innovation among China’s Prefecture-level Cities. Green finance can direct financial resources towards environment-friendly projects and industries, thereby facilitating green technology innovation. Consistent with this view, our empirical results indicate a significantly positive association between the two, suggesting that green finance promoted green technology innovation in Chinese cities. Further analysis indicates that the positive effect of green finance on green technology innovation is more pronounced for cities in the eastern region of China than for those in the western region.
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Chen et al. (2025) studied this question.
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