The impact of heterogeneous environmental regulations on the technology innovation of urban green energy: a study based on the panel threshold model

IF 5.5 Q1 BUSINESS, FINANCE

Green Finance Pub Date : 2022-01-01 DOI:10.3934/gf.2022006

Xu Xueying, Hou Peng, L. Yue

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引用次数: 8

Abstract

Since the Porter hypothesis was proposed, environmental regulation has been recognized as a critical factor influencing technology innovation. However, there is no unified conclusion on whether the relationship between the two is linear or non-linear, and environmental regulation is always examined from single angles. Therefore, according to the difference of environmental regulation implementation subjects, this paper divides environmental regulation into formal regulation and informal regulation. Based on the panel data from 281 prefecture-level cities in China from 2011–2019, the non-linear effects of heterogeneous environmental regulations on green energy technology innovation are analyzed using the panel threshold model, and the non-linear relationship between the two under the difference in urban economic development level is further considered. The research came to the following conclusions. (1) The non-linear relationship between formal and informal regulations and green energy technology innovation is significant; that is, different environmental regulation intensities have different impact coefficients on green energy technology innovation. (2) At present, formal environmental regulation has a significant inhibitory effect on green energy technology innovation, while informal environmental regulation has a significant promoting effect. (3) The level of economic development plays a significant positive moderating role in the relationship between formal and informal environmental regulations and green energy technology innovation; that is, it weakens the inhibitory effect of environmental regulation on green energy technology innovation and strengthens the promoting role of environmental regulation at the same time. This study provides a reference for further clarifying the relationship between heterogeneous environmental regulations and green energy technology innovation.

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异质环境规制对城市绿色能源技术创新的影响——基于面板阈值模型的研究

自波特假设提出以来，环境规制一直被认为是影响技术创新的关键因素。然而，对于两者之间的关系是线性的还是非线性的，并没有统一的结论，对环境调节的研究也总是从单一的角度进行。因此，本文根据环境规制实施主体的不同，将环境规制分为正式规制和非正式规制。基于2011-2019年中国281个地级市的面板数据，运用面板阈值模型分析了异质性环境规制对绿色能源技术创新的非线性影响，并进一步考虑了城市经济发展水平差异下两者的非线性关系。研究得出以下结论。(1)正规法规和非正规法规与绿色能源技术创新之间存在显著的非线性关系;即不同的环境规制强度对绿色能源技术创新的影响系数不同。(2)目前，正式环境规制对绿色能源技术创新具有显著的抑制作用，而非正式环境规制对绿色能源技术创新具有显著的促进作用。(3)经济发展水平对正式和非正式环境法规与绿色能源技术创新的关系具有显著的正向调节作用;即弱化了环境规制对绿色能源技术创新的抑制作用，同时强化了环境规制的促进作用。本研究为进一步厘清异质环境规制与绿色能源技术创新的关系提供了参考。

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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来源期刊

Green Finance Multiple-

CiteScore

9.60

自引率

3.50%

发文量

审稿时长

6 weeks

期刊介绍： Green Finance is an international, interdisciplinary Open Access journal dedicated to green finance, environmental, and sustainability research and practice. It offers a platform for publishing original contributions and technical reviews on green finance and related topics, following a rigorous peer-review process. Accepted article types include original research, reviews, editorials, letters, and conference reports.