An Influence Analysis of the Banking Market Structure on the Industrial Pollutants Emission Reduction

Abstract

The rapid development of China's industry is characterized by high energy consumption and high pollutants emission, which has resulted in serious environmental problems. In this paper, Chinese provincial panel data are used to study the influence of the banking market structure on the industrial pollutants emission reduction. The results show that the concentration of the banking sector has a significantly positive effect on the industrial pollutants emission intensity. High concentration of the banking sector is not conducive to reducing pollutants emission intensity. Therefore, the banking market structure plays an important role in eliminating outdated production capacity and in the development of the energy-saving and low-polluted economy.