Abstract
In the context of the strategic target of carbon emission peaking and carbon neutrality, industrial green technology innovation (GTI) has become the focus of discussion in academia these days. Based on the panel data of 30 provinces in China from 2011 to 2019, we construct Spatial Durbin Models to explore the spatial effects of capital enrichment (CE) on GTI by using the geographical distance matrix, the economic distance matrix and the adjacency matrix. The results reveal that: (1) The regional differences in the development of GTI are prominent, showing a higher level in the east and lower in the west. (2) GTI exhibits the spatial characteristic of polarization. Its spatiotemporal evolutionary pattern reveals a phased feature of first strengthened and then weakened. (3) The CE has a significant inhibitory effect on GTI, which may be caused by the “rebound effect”, dominated by short-term economic interests and the ineffective capital allocation. This effect is more prominent in regions with unbalanced economies. (4) The spatial spillover effect of CE is significantly negative, indicating a “siphon effect”. Based on these findings, the suggestions for promoting GTI are put forward.
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