Liberalization of upstream productive services and green innovation in downstream manufacturing firms: Evidence from China

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-02-01 DOI:10.1016/j.eneco.2024.108173

Wenjing Liang , Weihua Yu , Xin Yao

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引用次数: 0

Abstract

The interplay between openness and green development is a critical issue for developing countries. This article leverages Chinese foreign investment liberalization policies in productive service industries to construct a relatively exogenous index of productive service sector liberalization and uses micro-level data from Chinese manufacturing firms to empirically examine the causal economic implications of productive service liberalization on green innovation in downstream manufacturing firms. The findings indicate that liberalization of the productive service sector boosts green innovation in manufacturing firms. Moreover, the liberalization of the productive service sector enhances green innovation in downstream manufacturing enterprises mainly by enhancing management efficiency, reducing costs, and alleviating financing constraints. The extent of this impact varies according to the geographic location, industry attributes, and other firm-specific characteristics. Furthermore, the presence of stringent environmental regulations and strong intellectual property protection enhances the advantages of liberalizing the productive services on green innovation.

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.