Social psychological effects of green finance policies: Spatial GMM analysis based on united states panel data

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.