Using the panel data of China from 2007 to 2016, this paper explores the relationship between environmental regulation and industrial structure upgrading. The results show that environmental regulation has a causally positive impact on the upgrading of industrial structure. To explain the positive causal effect of environmental regulation, we adopt the mediation effect method and then confirm that allocated labor rather than technological innovation is a significant channel by which such regulation affects industrial structure upgrading. Ultimately, this paper complements the existing economic literature by justifying that labor allocation is a key mechanism to upgrade industrial structure in China.
Green finance has gradually become an imperative engine for the high-quality development of the manufacturing industry in the new era. Using 30 provincial panel data sets of China from 2011 to 2020, this paper explores whether green finance will effectively impact the rise of China’s manufacturing value chain using green finance as the breakthrough point. The results show that: (1) The implementation of green finance policy has a promoting effect on the rise of the manufacturing value chain. (2) It has significant regional heterogeneity characteristics in the process of green finance that influence the manufacturing value chain. In the transformation and upgrading of the manufacturing industry, the role of green finance in regions with developed economic bases is superior to those in comparatively backward areas. (3) Innovation and technological development are significant factors in the development of the manufacturing industry, and the intensity of innovative development inputs as well as the labour factor of highly skilled workers have a moderating role in the process of green finance for climbing up the value chain status of manufacturing. Based on the empirical evidence, policy implications are suggested.
Executive stock incentives, as an important tool for attracting talent and achieving long-term development goals, have a profound impact on the development of green innovation in enterprises. Based on this, this article uses data from Chinese listed companies from 2007 to 2020 and employs a two-way fixed effects model and a two-stage least squares method to explore the impact of executive stock incentives on green innovation in China. The study found that executive stock incentives have a significant positive impact on green innovation in enterprises. This promotional effect is more pronounced in non-state-owned enterprise groups characterized by operating losses, reduced institutional holdings, and fewer negative media reports. Mechanism analysis suggests that increasing the intensity of executive stock incentives can enhance profitability, increase tolerance for failure, and promote increased investment in green innovation. Finally, based on the conclusions, relevant policy implications are drawn.
The catalytic properties of nano-TiO2 modified fabric suits the demand for self-cleaning in recent years. In this paper, advanced and innovative technology were used to synthesize water sol of titanium dioxide photocatalyst with high catalytic activity for fabric finishing. The wear behavior, antibacterial property and water repellency of treated and untreated fabric were tested. Results indicate that finishing and washing of the titanium dioxide had no effect on wear behavior; finished and washed fabric has a certain antibacterial and water repellent properties.
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