Abstract
Given China' rapid transformation, its economy is currently experiencing a change from a rugged development style to a sustainable development style with green development being critical to this transformation. Increasing green total factor productivity (GTFP) is now considered one of the significant signs of economic growth. With increasingly stricter environmental laws and regulations and a broad application of innovation capability (ICY) in modern life, this research investigates the impact mechanisms of both environmental regulations (ER) and ICY on GTFP, offering robust empirical results from panel data of 30 provinces in China covering the period 2006-2017. The results indicate that both ICY and ER effectively promote GTFP, but compared to ER, ICY has a heterogeneous effect on GTFP. Moreover, ICY plays a mediating role in ER and GTFP, while ER promotes GTFP through ICY. Accordingly, the paper puts forward some suggestions, such as to optimize and improve the ER policy, enact an innovation-driven development strategy, widely use ICY technology, and strengthen monitoring and supervision.
Highlights
Since the 18th CPC National Congress, in order to cope with the development environment changes at home and abroad, grasp the development autonomy and improve the core competitiveness, China has always adhered to the road of independent innovation with Chinese characteristics, implement the innovation-driven development strategy and the concept of innovative development
The results showed that whether the sample data is a highintensity environmental regulations (ER), Or is low-intensity ER, All have a positive effect in promoting the green total factor productivity (GTFP); When the sample data is at a high innovation capability (ICY) level, It has an obvious positive promotion effect on the GTFP, But when the sample data is at a low ICY level, It showed a negative relationship to the GTFP, but it was not significant, It shows that the influence of ICY
Select the input elements such as expected output and non-expected output indicators, the GTFP of 30 provinces and cities were calculated through the GML index model; the calculated GTFP is set as the explained variable, and ER and ICY are the explanatory variables to analyze the relationship between the three
Summary
Since the 18th CPC National Congress, in order to cope with the development environment changes at home and abroad, grasp the development autonomy and improve the core competitiveness, China has always adhered to the road of independent innovation with Chinese characteristics, implement the innovation-driven development strategy and the concept of innovative development. Some scholars only study the relationship between individual factors such as ICY and economic development, Wang (2019) focused on the influence of the Internet development on regional total factor energy efficiency and proved that the development of the Internet plays a positive role in promoting the improvement of regional total factor energy efficiency. ICY, ER and GTFP and analyzing the influence mechanism between the three will help to scientifically evaluate whether the economy has achieved high-quality and green development under the premise of full consideration of the ecological and environmental constraints. Section presents a literature review of the existing studies on economic growth, ICY and ER, introduces the impact mechanism of interaction between these three. The last section summaries the conclusion and put forward corresponding policy implications
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