Abstract
As an important production factor, land resources significantly impact green technology innovation. However, the misallocation of land resources caused by the government's second-hand land supply strategy has become increasingly prominent, which will adversely affect green technology innovation by affecting the allocation of innovative elements. Based on the research data of 252 cities in China from 2008 to 2017, this paper uses panel space measurement estimation and panel threshold estimation empirical methods to test the theoretical hypothesis of the impact of misallocation of land resources on green technology innovation. The study finds that local or neighboring land resources' misallocation has a hindering effect on local green technology innovation. Furthermore, the misallocation of land resources has a threshold effect on the impact of green technology innovation. The relatively high level of local economic development and environmental regulation reduces the restraining effect of the misallocation of land resources on green technology innovation, and vice versa. Therefore, local governments should optimize the allocation of innovative elements, accelerate the construction of an efficient and market-oriented green technology innovation system, reduce the excessive intervention in land resources, and enhance the vitality of innovation entities to improve the level of green technology innovation.
Highlights
With the continuous development of urbanization and industrialization, China's environmental problems have become increasingly prominent, and the long-term extensive development model has made economic and social development fall into the cycle of confusion of “environment-economy”
Based on the IPC number shown in the green patent list published by the World Intellectual Property Organization (WIPO), the green patent data for green technology innovation measurement is obtained by hand sorting by the author and through patent retrieval in State Intellectual Property Office (SIPO)
The theoretical hypothesis 2 proposed in this paper indicates that the misallocation of land resources may exert the threshold effect of the level of economic development and the degree of environmental regulation on green technology innovation
Summary
With the continuous development of urbanization and industrialization, China's environmental problems have become increasingly prominent, and the long-term extensive development model has made economic and social development fall into the cycle of confusion of “environment-economy”. Under the background of China’s major strategies, including vigorously advocating the concept of “green, innovative” development, deepening market-oriented reform of factors of production, accelerating ecological civilization construction and building a beautiful China, it is of important practical significance to study the influence of misallocation of local land resources on green technology innovation in the current research. The existing studies on the misallocation of land resources mainly focused on the government competition (Luo and Li 2014), industrial enterprise productivity (Li et al 2016), environmental pollution (Yu et al 2019), economic development quality (Zhang et al 2019), upgrading of an industrial structure (Lai 2019), and the economic fluctuation (Song et al 2020). This specific data helps to investigate the impact of land resources allocation on green technology innovation at a micro-level
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