TITLE:
Study on the Influence of Green Economy on Foreign Trade of Zhejiang—Taking Old and New Three Types as Examples
AUTHORS:
Hao Yan, Lemin Bei, Weiyi Zha
KEYWORDS:
Green Economy, “Old Three Types”, “New Three Types”, VAR Model
JOURNAL NAME:
Open Journal of Business and Management,
Vol.13 No.2,
March
21,
2025
ABSTRACT: Today more and more countries and regions are focusing their efforts on green industries and the greening of traditional industries. Zhejiang Province of China is committed to the construction of green industry and its coordinated development with traditional industries. This paper studies the impact of green economy development on foreign trade of Zhejiang Province, with special attention to the impact on the “old and new three types”. We measure and analyze competitiveness of the “old and new three types”, and find out the impact of green economy on them. Then empirical VAR analyses will be carried out to explore the relationship between carbon emissions and Zhejiang Province’s foreign trade dependence. Under the background of green economy, Zhejiang Province can control carbon emissions to manage trade dependence within a reasonable range. Finally, a series of policy recommendations are put forward.