How does Chinese-style fiscal decentralization affect green technology innovation?

Yi, Ming; Guan, Yanyu; Wu, Ting; Wen, Le; Lei, Yaming; Sang, Xu

doi:10.1007/s11356-023-25448-0

Cited by 20 publications

(8 citation statements)

References 50 publications

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“…In terms of the impact of fiscal decentralization on the economy, Wang et al [5] found that fiscal decentralization will promote the development of green economy and promote the role of local governments in regional economic development. Yi [6] found that fiscal decentralization has a positive spatial spillover effect on green technology innovation and also promotes the surrounding areas. Qi et al [7] used China's provincial panel data to conduct empirical research and found that fiscal decentralization can promote the green transformation of industry.…”

Section: Literature Review 21 Research On Fiscal Decentralizationmentioning

confidence: 99%

Fiscal Decentralization, Enterprise Digital Transformation and Enterprise Green Innovation—The Case of 11 Years A-Share Listed Companies in China

et al. 2023

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In the context of accelerating economic transformation and upgrading, and comprehensively promoting the construction of digital China and ecological civilization in China, this paper uses text mining and OLS to quantitatively study the relationship between fiscal decentralization, enterprise digital transformation and green innovation in 31 provinces from 2011 to 2021. This study finds that fiscal decentralization will promote enterprise green innovation and digital transformation, and that digital transformation has a partial mediating effect between fiscal decentralization and enterprise green innovation. Furthermore, this expansive study finds that fiscal decentralization has a positive role in promoting the green innovation of heterogeneous enterprises and enterprises in different regions, among which its promotion effect on state-owned enterprises is higher than that of private enterprises, and its promotion effect on enterprises in the central and western regions is higher than that of enterprises in the eastern region. Moreover, an inverted U-shaped relationship exists between fiscal decentralization and the green innovation of enterprise. In addition, financing constraints have a masking effect between fiscal decentralization and green innovation in enterprise and green innovation significantly promotes enterprise environmental, social and governance (ESG) development.

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Section: Literature Review 21 Research On Fiscal Decentralizationmentioning

confidence: 99%

Fiscal Decentralization, Enterprise Digital Transformation and Enterprise Green Innovation—The Case of 11 Years A-Share Listed Companies in China

et al. 2023

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“…Additionally, both insufficient input and redundancy can lead to low SE. Cities with inadequate manufacturing input should vigorously develop capital markets to ensure a stable supply of investment funds and appropriately build enterprise numbers [26]. For areas with input redundancy, improving the quality of manufacturing inputs and accelerating the green transformation of manufacturing is essential.…”

Section: Discussionmentioning

confidence: 99%

Assessing Manufacturing Efficiency in Central Plains Cities: A Three-Stage DEA and Malmquist Index Approach

Shang,

Pei,

Chen

et al. 2023

JUDM

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To investigate the high-quality and efficient development of the manufacturing industry in the Central Plains Urban Agglomeration (CPUA), this paper uses the three-stage Data Envelopment Analysis (DEA) and Malmquist index model to evaluate and analyze the manufacturing development efficiency of 30 prefecture-level cities in five provinces of China in the CPUA from 2017 to 2022. First, the DEA model is applied to evaluate the comprehensive efficiency of the manufacturing industry in 30 regions of the CPUA; second, the Stochastic Frontier Analysis (SFA) regression model is used in conjunction with the technical efficiency and scale efficiency of the manufacturing industry to deeply explore and adjust the causes of the current situation in various regions; finally, after re-analyzing the efficiency with the corrected input-output data, the Malmquist index model is used to analyze the total factor productivity index and its decomposed efficiency of the manufacturing industry in the CPUA from 2017 to 2022. The study shows that the pure technical efficiency (PTE) of the 30 prefecture-level cities in the CPUA from 2017 to 2022 is stable and relatively good, and the main reason for the overall low comprehensive efficiency is the poor scale efficiency; after excluding the interference of environmental factors, the average comprehensive efficiency of each city is lower than before the adjustment, with environmental factors and random errors having a significant impact on the manufacturing industry, especially in Bengbu City; the main factor in the decline of the total factor productivity of the manufacturing industry in the CPUA is the hindrance of technological progress; the spatial distribution of the comprehensive efficiency of the manufacturing industry in the CPUA generally shows a pattern of "higher efficiency in the middle, lower efficiency at the edges", and there is a situation of regional development imbalance in the high-quality development level of the manufacturing industry in the 30 regions.

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“…Furthermore, the fiscal decentralization promotion mechanism, which directly piques local governments' interest in green governance, also has an impact on the effectiveness of regional green development. Fiscal decentralization refers to a vertical management system, wherein a portion of the responsibility over tax revenue and expenditures is delegated to lower levels of government [48][49][50]. The fiscal decentralization concept incorporates a performance evaluation mechanism to motivate local governments to take action.…”

Section: Exploring the Mechanism And Hypothesis Behind The Positive I...mentioning

confidence: 99%

Analyzing Green Growth Efficiency in China and Investigating the Spatial Effects of Fiscal Decentralization: Case Study of Prefecture-Level Cities

Li,

Bai

2024

Sustainability

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Due to inadequate resource availability and environmental contamination, the Chinese government has placed a high priority on ecological civilization in recent years. Emphasis has been placed on the environmentally friendly conversion of the economy and the sustainable progress of society. China has established a fiscal decentralization system that divides financial responsibilities between the central and local governments. Due to their proximity advantage, local governments, as agents of the central government, can effectively deliver public services, optimize resource allocation, encourage innovation in green science and technology, and facilitate green growth in the region. However, local governments may exhibit myopic behaviors that impede the sustainable development of the region in their pursuit of regional growth ambitions. Therefore, this paper aims to investigate whether the institutional factor of fiscal decentralization promotes or inhibits the efficiency of green development in China. Using data from Chinese prefecture-level cities between 2010 and 2020, this paper presents the SBM-DDF model to measure the green growth efficiency (GGE) in cities. The study then analyzes the spatial impact of fiscal decentralization on GGE using a dynamic panel model and a dynamic SAR model. The empirical results show that China’s green development level has steadily increased in recent years, and GGE reflects climbing pressure and regional differences. Secondly, increasing the vertical fiscal decentralization of local governments promotes GGE growth, while increasing fiscal freedom hinders it. Additionally, fiscal decentralization in neighboring cities also affects local GGE, with spatial spillover effects. Finally, the impact of fiscal decentralization on GGE is spatio-temporally heterogeneous. This paper expands on the research regarding the factors that affect the efficiency of green growth in China, specifically focusing on institutional factors at a theoretical level. Additionally, this paper provides targeted policy recommendations based on the aforementioned findings. These recommendations hold great practical significance for China in improving its fiscal decentralization system and achieving sustainable economic development.

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How does Chinese-style fiscal decentralization affect green technology innovation?

Cited by 20 publications

References 50 publications

Fiscal Decentralization, Enterprise Digital Transformation and Enterprise Green Innovation—The Case of 11 Years A-Share Listed Companies in China

Fiscal Decentralization, Enterprise Digital Transformation and Enterprise Green Innovation—The Case of 11 Years A-Share Listed Companies in China

Assessing Manufacturing Efficiency in Central Plains Cities: A Three-Stage DEA and Malmquist Index Approach

Analyzing Green Growth Efficiency in China and Investigating the Spatial Effects of Fiscal Decentralization: Case Study of Prefecture-Level Cities

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