Abstract
Based on the background of China’s “carbon neutral” policy and the booming digitalization, how does environmental regulation affect green economy performance? The existing literature has studied the impact of energy consumption on green economic performance. However, the literature has ignored the impact of carbon dioxide emissions on China’s green economy performance. In this regard, this research uses the non-radial distance function (NDDF) to calculate the green economic performance of China’s prefecture-level cities, and uses the dynamic panel threshold model and the systematic GMM method to study the nonlinear impacts and mechanisms of environmental regulation, digital development, technological innovation, and industrial structure upgrade on green economic performance. The panel data set contains 228 Chinese cities from 2003 to 2019. The following findings are established: first, after adding carbon dioxide emissions to China’s green economy performance, the environmental performance was reduced, and the green economy performance was also reduced. Second, the impact of environmental regulations on green economic performance has a double-threshold effect, with threshold values of −0.267 and 3.602, and this double-threshold effect has temporal and regional heterogeneity. Third, environmental regulations of different intensities have a single-threshold effect between digital development, technological innovation, and industrial structure upgrade, with threshold values of 2.955, 3.957, and 2.249, respectively. Fourth, digital development, technological innovation, and industrial structure upgrade promote green economic performance. Fifth, environmental regulation acts on green economic performance through the transmission of digitalization, technological innovation, and industrial structure upgrade. Based on these empirical findings, this research suggests that Chinese local governments should appropriately increase the intensity of environmental regulations, strengthen the digital application and technological innovation, and promote the upgrading of industrial structure to achieve the improvement of urban green economic performance.
Highlights
According to data released by the National Bureau of Statistics of China, China’s GDP increased from CNY 367.9 billion in 1978 to CYN 101,598.62 billion in 2020, and China’s economic growth has reached 275%, making it the second-largest economy in the world.In addition, China’s per capita GDP increased from CNY 385 in 1978 to CNY 71,659 in2020, an increase of 185 times
Based on the above background, this paper aims to analyze the impact of environmental regulation on green economic performance, and the mediating roles of digitaliza3 of 25 tion, technological innovation, and industrial structure upgrade in environmental regulation and green economic performance
Based on the above background, this paper aims to analyze the impact of environmenthe impact on high-quality economic growth of environmental governance in different tal regulation on green economic performance, and the mediating roles of digitalization, regions according to their own conditions, andupgrade different environmental governance technological innovation, and industrial structure in environmental regulation intensities can be adopted according to the development characteristics of each and green economic performance
Summary
According to data released by the National Bureau of Statistics of China, China’s GDP increased from CNY 367.9 billion in 1978 to CYN 101,598.62 billion in 2020, and China’s economic growth has reached 275%, making it the second-largest economy in the world.In addition, China’s per capita GDP increased from CNY 385 in 1978 to CNY 71,659 in2020, an increase of 185 times. It can be seen that no matter from which perspective, China’s total environmental pollutant emissions are high, and the major pollution emissions exceed the environmental capacity, resulting in increasingly serious environmental pollution. This economic growth at the expense of the environment is contrary to the concept of coordinated economic and environmental development advocated by China. Abandoning this economic development model based on wasting resources and polluting the environment, following instead the concept of green and low-carbon development, and promoting the high-quality, green, and sustainable development of the Chinese economy has become an indispensable step for
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