Go for Economic Transformation and Development in China: Financial Development, Higher Education, and Green Technology Evolution.

IF 3 4区社会学 Q1 SOCIAL SCIENCES, INTERDISCIPLINARY

Evaluation Review Pub Date : 2024-02-01 Epub Date: 2023-04-06 DOI:10.1177/0193841X231166741

Xiaoxiao Zhou, Xinyue Hu, Mei Duan, Licheng Peng, Xin Zhao

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引用次数: 0

Abstract

Technology innovation is the key driving force in achieving economic transformation and development. Financial development and the expansion of higher education can promote technological progress primarily by easing financing constraints and improving the level of human capital. This study examines the impact of financial development and higher education expansion on green technology innovation. It conducts an empirical analysis by constructing a linear panel model and a nonlinear threshold model. The present study sample is based on the urban panel data of China from 2003-2019. (1) Financial development can significantly promote the expansion of higher education. (2) The expansion of higher education can improve energy and environment-based technological progress. (3) Financial development can both directly and indirectly promote green technology evolution by expanding higher education. The joint financial development and higher education expansion can significantly empower green technology innovation. (4) In the process of promoting green technology innovation, financial development has a non-linear influence on it, with higher education as the threshold. The effect of financial development on green technology innovation varies according to the degree of higher education. Based on these findings, we put forward policy proposals for green technology innovation to promote economic transformation and development in China.

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为中国的经济转型和发展加油：金融发展、高等教育和绿色技术演进。

技术创新是实现经济转型和发展的关键动力。金融发展和高等教育扩张主要通过缓解融资约束和提高人力资本水平来促进技术进步。本研究探讨了金融发展和高等教育扩张对绿色技术创新的影响。研究通过构建线性面板模型和非线性门槛模型进行实证分析。本研究样本基于 2003-2019 年中国城市面板数据。(1）金融发展能显著促进高等教育规模的扩大。(2）高等教育的发展可以提高能源和环境方面的技术进步。(3）金融发展可以通过扩大高等教育规模直接或间接地促进绿色技术演进。金融发展与高等教育发展共同促进绿色技术创新。(4）在推动绿色技术创新的过程中，金融发展对其具有非线性影响，高等教育是其影响的临界点。高等教育程度不同，金融发展对绿色技术创新的影响也不同。基于以上结论，我们提出了绿色技术创新的政策建议，以促进中国经济转型和发展。

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

Evaluation Review SOCIAL SCIENCES, INTERDISCIPLINARY-

CiteScore

2.90

自引率

11.10%

发文量

期刊介绍： Evaluation Review is the forum for researchers, planners, and policy makers engaged in the development, implementation, and utilization of studies aimed at the betterment of the human condition. The Editors invite submission of papers reporting the findings of evaluation studies in such fields as child development, health, education, income security, manpower, mental health, criminal justice, and the physical and social environments. In addition, Evaluation Review will contain articles on methodological developments, discussions of the state of the art, and commentaries on issues related to the application of research results. Special features will include periodic review essays, "research briefs", and "craft reports".