Green Technology Innovation, Capital-Factor Allocation, and Manufacturing-Export Resilience

Abstract

Green technology innovation, with its two-fold benefits of protecting the environment and promoting economic growth, is an increasingly necessary strategy for China’s manufacturing exports. This study examines the impact and mechanisms of green technology innovation on China’s manufacturing-export resilience in the aftermath of the 2008 global financial crisis. The study findings demonstrate that green technology innovation considerably boosts manufacturing-export resilience. Specifically, green technology innovation enhances manufacturing-export resilience by improving capital allocation efficiency. This is especially significant in the high labour-mismatch region and the eastern–central region. It is worth noting that the impact of green technology innovation on manufacturing-export resilience is negatively regulated by intellectual-property protection, as well as being subject to the single-threshold effect of government intervention. That is, reinforcing intellectual-property protection inhibits the upgrading effect of green technology innovation on manufacturing-export resilience, and the effect of green technology innovation on manufacturing-export resilience becomes insignificant when the government intervention goes beyond a certain level.