Abstract
This study offers a RAGA-PP-SFA model to measure green technology’s innovation efficiency in the high-end manufacturing industry. The study’s aim is to solve the shortcomings of traditional SFA methods that are unable to improve multi-output efficiency. The RAGA-PP-SFA model presented here is based on the multi-emission and multi-output characteristics of high-end manufacturing innovation activities. Using panel data from 2010 to 2015 on China's high-end manufacturing industry and considering factors such as environmental regulation, government subsidy, and market maturity, this paper empirically examines and compares the efficiency of green technology innovation versus traditional technology innovation, as well as regional heterogeneity in China's high-end manufacturing industry. The study ultimately found a low level of green technology innovation efficiency in China’s high-end manufacturing industry. However, an overall rising trend shows that the green development of China's high-end manufacturing industry has achieved remarkable results. Green technology innovation efficiency in high-end manufacturing industries across various regions was generally lower than the efficiency of traditional technology innovation. Both types of efficiency showed a pattern of “high in the east and low in the middle and in the west”. High-high efficiency is primarily found in the east, whereas the west is characterized by low-low efficiency. There are significant differences between regions, pointing to an equal rate of development. Government subsidies and enterprise scale had a significant negative impact on green technology innovation efficiency in regional high-end manufacturing industries, while market maturity and industrial agglomeration had a significant positive impact. Based on the study’s findings, environmental regulation and openness to the outside world play insignificant roles in green technology innovation efficiency.
Highlights
The high-end manufacturing industry is characterized by high technology and it occupies the high-end segment of the industry chain
This study examines the impact of intensity of environmental regulations, government funding, market maturity, industry concentration, enterprise scale, and openness to the outside world [6] on China’s high-end manufacturing green technology innovation efficiency
Based on the stochastic frontier production model, we introduced a technology inefficiency function to further analyze the impact of environmental regulation intensity, government funding, market maturity, industry concentration, enterprise scale, and global openness on green technology innovation efficiency in high-tech manufacturing
Summary
The high-end manufacturing industry is characterized by high technology and it occupies the high-end segment of the industry chain. China’s high-end manufacturing industry has experienced rapid growth with breakthroughs in a number of major technical equipment fields such as manned space flight, manned deep dive, and large-scale aircraft development. These achievements have greatly increased the overall competitiveness of China’s manufacturing industry. A comprehensive evaluation of green technology innovation efficiency in China’s high-end manufacturing industries is important and necessary. This paper incorporates energy consumption and environmental pollution into its analytical framework to study the temporal and spatial differences—as well as the influencing factors—in the green technology innovation efficiency of China’s high-tech manufacturing.
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