How does factor market distortion affect green innovation? Evidence from China's sustainable development demonstration belt

IF 0.5 4区 经济学 Q4 ECONOMICS
Feifei Tan, Chenyu Sun
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Abstract

Green innovation meets the simultaneous demands of green and innovation-driven development models when it is deemed as a key to realizing a green economic transition. However, factor market distortion impedes China's green development through factor mobility and resource allocation. Under such circumstances, we detect whether and how factor market distortion affects green innovation from various perspectives in the case study of China's Sustainable Development Demonstration Belt. The findings demonstrate that the distortion has a pronounced inhibiting effect on the green innovation growth in the study area. For the eastern and more-developed cities, factor market distortion considerably inhibits green innovation improvement, while the impact is less pronounced in the western (or central) and less developed cities. Furthermore, the factor market distortion negatively affects green innovation through some effective paths, like energy efficiency and environmental regulation. From a spatial perspective, the green innovation's spillover effect could be reduced by both the distortions of the labor market and capital market. Thus, this study would provide strong theoretical support for enhancing the factor market system and improving the multiregional green innovation power in China, as well as scientific suggestions on transitioning to China's sustainable development.

要素市场扭曲如何影响绿色创新?来自中国可持续发展示范带的证据
绿色创新被视为实现绿色经济转型的关键,符合绿色发展模式和创新驱动发展模式的同步要求。然而,要素市场扭曲通过要素流动和资源配置阻碍了中国的绿色发展。在这种情况下,我们以中国可持续发展示范带为例,从多个角度探讨要素市场扭曲是否以及如何影响绿色创新。研究结果表明,要素市场扭曲对研究区域的绿色创新增长具有明显的抑制作用。对于东部和较发达城市而言,要素市场扭曲严重抑制了绿色创新能力的提高,而对于西部(或中部)和欠发达城市而言,这种影响则不太明显。此外,要素市场扭曲还通过一些有效途径对绿色创新产生负面影响,如能源效率和环境监管。从空间角度看,劳动力市场和资本市场的扭曲都会降低绿色创新的溢出效应。因此,本研究将为完善要素市场体系、提升中国多区域绿色创新能力提供有力的理论支持,并为中国向可持续发展转型提供科学建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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