Environmental Regulation, Government Subsidies and Regional Green Technology Innovation
LI Xin'an1,2
1. School of International Economics and Business, Henan University of Economics and Law, Zhengzhou 450046, China; 2. Soft Science Research Base of Regional Industrial Innovation and Development of Henan Province, Zhengzhou 450046, China
Abstract Green technology innovation has become an important support for economic transformation and green development. Based on the inter-provincial panel data of China from 2004 to 2018, this paper uses the Spatial Durbin Model to investigate the local and spatial spillover effects of environmental regulation and government subsidies on green technology innovation. It is found that green technology innovation shows obvious aggregation characteristics in the inter-provincial space, and the government plays a crucial role in promoting the development of green innovation. The environmental regulation policy implemented by the government based on the green development goal will have an inverted “U” type of local effect on green technology innovation. It means that the overall green innovation capability of provinces and cities will increase with the increase of the intensity of local government regulation. But it will have a restraining effect when the intensity of regulation exceeds its critical point. And the government's subsidy policy can improve the local green innovation ability both directly and indirectly. From the estimation results of the impact on the green technology innovation capacity of neighboring provinces, environmental regulation and government subsidies both have negative spatial spillover effect, which is not conducive to the green technology progress of related regions. The research results are of positive reference value to the formulation of regional green development policies.
2021, Vol. 38 
