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Prof. Dr. Paola Magnano
Kore University of Enna
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Prof. Dr. Gabriela Topa
Social and organizational Psychology, Universidad Nacional de Educacion a Distancia
Spain

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Home > Archives > Vol. 10 No. 8 (2025): Published > Research Articles
ESP-3884

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2025-08-28

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Vol. 10 No. 8 (2025): Published

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Research Articles

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Copyright (c) 2025 Yufei Li

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How to Cite

Yufei Li. (2025). Social psychological effects of green finance policies: Spatial GMM analysis based on united states panel data. Environment and Social Psychology, 10(8), ESP-3884. https://doi.org/10.59429/esp.v10i8.3884
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Social psychological effects of green finance policies: Spatial GMM analysis based on united states panel data

Yufei Li

Faculty of Arts and Social Sciences, the University of Sydney, Camperdown 2006, Sydney, Australia


DOI: https://doi.org/10.59429/esp.v10i8.3884


Keywords: green financial policies; psychosocial effects; panel data; GMM; spatial heterogeneity


Abstract

Using the interstate panels of the United States from 2004 to 2024, this study employs the entropy method to develop a green finance policy index and its social psychological effect indicators. The study then employs a spatial generalized method of moments model to examine the dynamics and spatial dependence. The results showed that green finance policies significantly enhanced public awareness, satisfaction, and willingness to participate (coefficient 0.25, lag term 0.70, p<0.01). Per capita gross domestic product, the proportion of the tertiary industry, years of education, the volume of green finance reports and population density all positively enhance this effect. The research provides new evidence for evaluating the psychosocial performance of green finance policies.


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