Asymmetric effects of heterogeneous environmental standards on green technology innovation: Evidence from China

Xu, Le; Yang, Lili; Li, Ding; Shao, Shuai

doi:10.1016/j.eneco.2022.106479

Cited by 55 publications

(13 citation statements)

References 103 publications

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“…At present, the following methods are used to analyze green technology innovation: (1) regression analysis using ordinary least squares [ 73 , 74 , 75 ]; (2) game models, in order to test the impact of environmental regulations on green technology innovation [ 76 ]; (3) DID models, in order to study the impact of environmental standards on green technology innovation [ 77 ].…”

Section: Methodsmentioning

confidence: 99%

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

Zhang

2023

IJERPH

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Green technology innovation can bring about dual benefits, i.e., technological progress and energy conservation, as well as emission reduction, which are regarded as effective means to achieve economic development and environmental protection. The influencing factors of green technology innovation have been studied from multiple angles. In order to promote the level of green technology innovation in China from a new perspective, this paper selected human capital as the independent variable, and empirically investigated the direct impact of educational and healthy human capital on green technology innovation, based on the panel data of 30 Chinese provinces (excluding Hong Kong, Macao, Taiwan and Tibet) from 2006 to 2016. Meanwhile, considering the current environmental policy system in China, this paper took environmental regulations as moderating variables, and analyzed the moderating role of three environmental regulations, namely, command-and-control environmental regulations, market-incentivized environmental regulations, and public voluntary environmental regulations, in the impact of human capital on green technology innovation. It was found that (1) educational human capital, with a three-period lag, and healthy human capital significantly promotes green technology innovation; (2) command-and-control environmental regulations, with a one-period lag, and market-incentivized environmental regulations promote green technology innovation, while public voluntary environmental regulations have an insignificant impact on green technology innovation; (3) the moderating effect of command-and-control and market-incentivized environmental regulations in the impact of human capital on green technology innovation is not significant. For public voluntary environmental regulations, the moderating effect between educational human capital and green technology innovation is significantly negative, while the moderating effect of healthy human capital on green technology innovation is not significant.

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Section: Methodsmentioning

confidence: 99%

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

Zhang

2023

IJERPH

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“…Inspired by Ho et al (2023) and Ren et al (2021b), we constructed a variable, GI = ln(t + 1) , to measure firms' green innovation, where t represents the total number of green patent applications in a given year. The number of patent applications, rather than patents granted, was chosen to measure the level of green innovation because a patent‐granting procedure generally takes 3–5 years to complete, which cannot effectively reflect the green innovation efforts of firms in the current period (Xu et al, 2023). Firms need time to implement innovations; therefore, we used green innovation in year t + 1 , which also alleviated concerns about potential endogeneity.…”

Section: Methodsmentioning

confidence: 99%

Green signals: The impact of environmental protection support policies on firms' green innovation

Yang,

Song,

Liu

2023

Bus Strat Env

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The importance of government environmental financial incentives in stimulating firms' green innovation has long been recognized. However, researchers have yet to fully determine how a small amount of financial incentives can be used to promote expensive green innovation. Unlike prior studies based on the investigation of direct effects, this study provides a new perspective by employing signaling theory. Focusing on environmental protection support policy (EPSP) in China, it employs ordinary least squares (OLS) regression and generalized structural equation modeling (GSEM) to analyze a sample of panel data from China's A‐share listed companies from 2003 to 2020. The results suggest that EPSP funding can serve as a green signal that helps firms acquire external resources for green innovation. The results of this study enhance our understanding of the role that government financial incentives play in firms' green innovation and inform policymakers on how to formulate effective environmental policies.

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“…The implementation of GF, whether in the form of an institutional framework or a market mechanism, has a substantial impact on the sustainable infrastructure and the cultivation of economic sustainability (Mahmood et al, 2024). Based on the study (Xu & Lin, 2024), GF has the potential to improve signi cantly this connection, resulting in a situation where both the economic and the ecological achieve prosperity. Engaging in green infrastructure planning can give rise to tensions, particularly between the desire for recreational activities and the need to safeguard ecological integrity in green spaces.…”

Section: H5mentioning

confidence: 99%

The Role of Green Finance in Promoting Sustainable Development Goals (SDGs) Through the Mediation Effect of Green Technology Innovation

Mahmood,

Sun,

Iqbal

et al. 2024

Preprint

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Nations are confronted with a significant challenge in attaining the Sustainable Development Goals (SDGs). Achieving the SDGs pertaining to social sustainability, economic sustainability, and environmental sustainability poses the greatest challenge due to various interconnected factors. The present study investigates the influence of green finance on sustainable infrastructure, innovation in green technology, corporate social responsibility, economic stability, and environmental conservation within the framework of Belt and Road initiative (BRI) funding, particularly focusing on its application in the China-Pakistan Economic Corridor (CPEC) initiatives. A questionnaire served as the primary instrument for data collection. The study gathered data from a diverse sample comprising businessmen, CPEC officials, representatives from the Ministry of Finance, Pakistan Environmental Protection Agency, Ministry of Planning and Development. In this study, the PLS 4 was employed to examine associations and test hypotheses. The findings suggest a significant impact of green finance on both sustainable infrastructure and green technology innovation. Furthermore, the results underscore the vital role of environmentally friendly technology and sustainable infrastructure in advancing the SDGs across social, economic, and environmental dimensions. The study's results can help policymakers in other countries collaborate on similar projects to boost economic growth and environmental sustainability. This involves integrating green technologies, sustainable infrastructure, and green finance practices.

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Asymmetric effects of heterogeneous environmental standards on green technology innovation: Evidence from China

Cited by 55 publications

References 103 publications

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

The Impact of Human Capital on Green Technology Innovation—Moderating Role of Environmental Regulations

Green signals: The impact of environmental protection support policies on firms' green innovation

The Role of Green Finance in Promoting Sustainable Development Goals (SDGs) Through the Mediation Effect of Green Technology Innovation

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