Abstract
The present study aimed to expansively evaluate the association between the green innovations and the natural resource commodity prices in China. China has been focusing on green policy implementations and green innovation for development of a green economy, however, it is integral to evaluate the impact of these considerations on the natural resource commodity prices. Thus, the paper evaluates the impact of the green innovation on the natural resource commodity prices within China. The research is based on data from 30 eastern, western, and central Chinese provinces for the period 2002–2020. The paper provides a measurement method for green innovation through the number of the “alternative energy production and energy conservation patents”. The overall number of patent applications and the number of grants issued for the patents were taken as indicators for the green innovation. The results indicated that there is a positive impact of the green innovation measures on the natural resource commodity prices. Although, when the sample is evaluated based on regional differences, there is presence of heterogeneity related to the impact of the green innovation on the natural resource commodity prices. Explicitly, green innovation has a specific role in the promotion and influence of the commodity prices in the western and central Chinese regions whereas it posits no influence in the eastern regions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
