Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China

Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of govern...

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Autores principales:	Pei Wang, Cong Dong, Nan Chen, Ming Qi, Shucheng Yang, Amuji Bridget Nnenna, Wenxin Li
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	environmental regulation government subsidies green technology innovation China Medicine R
Acceso en línea:	https://doaj.org/article/33808658b2c54425aa36d8ff7ba80ea4
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spelling	oai:doaj.org-article:33808658b2c54425aa36d8ff7ba80ea42021-11-25T17:50:11ZEnvironmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China10.3390/ijerph1822119911660-46011661-7827https://doaj.org/article/33808658b2c54425aa36d8ff7ba80ea42021-11-01T00:00:00Zhttps://www.mdpi.com/1660-4601/18/22/11991https://doaj.org/toc/1661-7827https://doaj.org/toc/1660-4601Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of government subsidies, needs to be examined. Utilizing fixed-effect models and 2SLS models to explore the impact of environmental regulation on green technology innovation in China from 2003 to 2017, this research sought to examine whether environmental regulations impact green technology innovation, as well as the role of government subsidies in the above-mentioned influence path. The findings support the Porter Hypothesis by demonstrating an inverted “U” relationship between environmental regulation and green technology innovation. The impact of environmental regulation on green technology innovation varies by region. To be specific, there is an inverted “U” relationship between environmental regulation and green technology innovation in China’s central and central coast regions. In comparison, the north area, southern coast, and southwest region exhibit a “U” relationship between the two. The relationship is not significant in the Beijing-Tianjin region. Additionally, government subsidies act as an intermediate in this process, positively influencing firms to pursue green technology innovation during the earliest stages of environmental regulation strengthening. However, government subsidies above a certain level are unproductive and should be used appropriately and phased off in due course.Pei WangCong DongNan ChenMing QiShucheng YangAmuji Bridget NnennaWenxin LiMDPI AGarticleenvironmental regulationgovernment subsidiesgreen technology innovationChinaMedicineRENInternational Journal of Environmental Research and Public Health, Vol 18, Iss 11991, p 11991 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	environmental regulation government subsidies green technology innovation China Medicine R
spellingShingle	environmental regulation government subsidies green technology innovation China Medicine R Pei Wang Cong Dong Nan Chen Ming Qi Shucheng Yang Amuji Bridget Nnenna Wenxin Li Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
description	Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of government subsidies, needs to be examined. Utilizing fixed-effect models and 2SLS models to explore the impact of environmental regulation on green technology innovation in China from 2003 to 2017, this research sought to examine whether environmental regulations impact green technology innovation, as well as the role of government subsidies in the above-mentioned influence path. The findings support the Porter Hypothesis by demonstrating an inverted “U” relationship between environmental regulation and green technology innovation. The impact of environmental regulation on green technology innovation varies by region. To be specific, there is an inverted “U” relationship between environmental regulation and green technology innovation in China’s central and central coast regions. In comparison, the north area, southern coast, and southwest region exhibit a “U” relationship between the two. The relationship is not significant in the Beijing-Tianjin region. Additionally, government subsidies act as an intermediate in this process, positively influencing firms to pursue green technology innovation during the earliest stages of environmental regulation strengthening. However, government subsidies above a certain level are unproductive and should be used appropriately and phased off in due course.
format	article
author	Pei Wang Cong Dong Nan Chen Ming Qi Shucheng Yang Amuji Bridget Nnenna Wenxin Li
author_facet	Pei Wang Cong Dong Nan Chen Ming Qi Shucheng Yang Amuji Bridget Nnenna Wenxin Li
author_sort	Pei Wang
title	Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
title_short	Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
title_full	Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
title_fullStr	Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
title_full_unstemmed	Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China
title_sort	environmental regulation, government subsidies, and green technology innovation—a provincial panel data analysis from china
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/33808658b2c54425aa36d8ff7ba80ea4
work_keys_str_mv	AT peiwang environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT congdong environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT nanchen environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT mingqi environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT shuchengyang environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT amujibridgetnnenna environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina AT wenxinli environmentalregulationgovernmentsubsidiesandgreentechnologyinnovationaprovincialpaneldataanalysisfromchina
_version_	1718411913655746560

Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China

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