The Industrial Growth and Prediction under the Background of Green Credit and Energy Saving and Emission Reduction

Firstly,this paper builds the nonlinear panel threshold model on industrial growth under the background of green credit and energy saving and emission reduction. The research finds that: the current regulatory measure on green credit are conductive for industrial growth when energy is saved and emission is reduced,which is in line with Potter hypothesis but the elasticity of proportional rise is reduced. Secondly,this paper predicts the route of Chinese industrial growth till 2020. The results show that: under the current macroconditions,the rapid fall of the industry is "new normality". Finally,this paper raises the policy suggestions that finance should further support industrial growth when energy is saved and emission is reduced.