Abstract
This paper divides government policy according to policy quantity, policy effectiveness and policy executive force so that the government policy can be quantified in more detail. Green patent data is used to represent green technological innovation, and the fixed effect model and panel data analysis from 2010 to 2019 are employed. The empirical results show that government policy has a significant direct promoting effect on green technology innovation. And the positive impact of policy quantity and policy effectiveness on green technology innovation is greater than that of policy executive force. In addition, the government policy will weaken the positive effect of enterprise innovation vitality on green technology innovation. Research conclusions also show that the direct and indirect effects of government policies on green technology innovation are heterogeneous. The government still needs appropriately policies adapted to the local situation, coordinated in policy quantity, policy effectiveness, and executive force, and accelerate the establishment of market-oriented green technology innovation environment. Different regions also should find the right green technology innovation policy scheme for their own regions.
Highlights
Since the 21st century, green technology innovation has been an important emerging area of the global industrial revolution and technological competition
There the purpose of this paper is to discuss the following issues: What is the current situation of green technology innovation policy in different provinces of China? How does the policy quantity, policy effectiveness, and policy executive force affect green technology innovation? What is the mutual impact of government policy and enterprise innovation vitality on green technology innovation? Government policy mentioned in this paper refers to the green technology innovation policy, it is the sum of all government policies aiming at improving the green technology innovation, involving environmental protection, technology, talent, trade, finance, and other policy categories, among which green technology innovation policy is the core
It is suggested that the impact of all variables on green technology innovation may be over-estimated before adding a time effect
Summary
Since the 21st century, green technology innovation has been an important emerging area of the global industrial revolution and technological competition. The COVID-19 outbreak accelerated the pace of innovation in green technologies, and countries around the world have continued to adopt targeted green technology innovation policies. The Global Innovation Index (GII) annual report (2021) highlighted that improving the level of innovation in developing countries depends mainly on sustained policy support. As the only middle-income economy in the top 30 of the Global Innovation Index (GII) list, China is one of the countries with the highest number of patent applications. Over the past few years, China has increasingly emphasized the role of green technology innovation in sustainability and developed a series of institutional policies for improving levels of green technology innovation. Various provinces have increased the policy support for green technology
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