Research on the Influence of Environmental Regulation on Green Technology Innovation ——Evidence from Hunan Province
KUANG Chang-e1, LU Jiang-lin2
1.Business School, Hunan University of Science and Technology, Xiangtan 411201, China; 2.School of Public Economics and Administration, Shanghai University of Finance and Economics, Shanghai 200433, China
Abstract：
Environmental regulation is an important influencing factor on green technology innovation. By building a theoretical model based on cost-minimization, this paper analyzes the influencing mechanism of environmental regulation on green technology innovation. Theoretical research shows that the influence depends on the actual output, reported pollution quantity and punishment coefficient of government on enterprises for false reporting of pollution quantity. On this basis, selecting urban panel data of 13 prefecture-level cities (excluding Xiangxi Autonomous Prefecture) between 2003 and 2014, the paper establishes a panel threshold model and empirically tests the influence of environmental regulation on green technology innovation. It is shown that the influence of environmental regulation on green technology innovation is not a simple linear relationship, but presents threshold characteristics of V-shape. In other words, in different periods, the intensity of environmental regulation shows different relevant intensity on “Follow-the-cost Effect” and “Backward Forcing Effect” on green technology innovation. Labor investment and capital investment have a significant positive effect on green technology innovation, while the openness of foreign trade has a significant negative one. Accordingly, targeted policy recommendations to enhance green technology innovation are put forward.
KUANG Chang-e, LU Jiang-lin.Research on the Influence of Environmental Regulation on Green Technology Innovation ——Evidence from Hunan Province[J] Economic Survey, 2019,V36(2): 126-132
2019 
