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This study investigates the impacts of the high-tech enterprise certification policy on corporate innovation in China, by analyzing a unique dataset of listed companies and their affiliates from 2006 to 2015. We exclude firms certified after year 2009 from the sample, because they may have engaged in R&D manipulation. The findings show that the high-tech enterprise certification can promote corporate innovation in China, especially the innovation captured by invention patents and the intensity of policy matters. The study also concludes that the high-tech enterprise certification can influence enterprise innovation through ‘physical’ and ‘tacit’ channels. Heterogeneity analysis indicates that private enterprises, enterprises in more competitive industries, and equity-inspired enterprises benefit most from high-tech enterprise certification. This article helps understand the validity of innovation policies and driving forces of innovation.

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Trade liberalization for environmental goods (EG) could pave the way for a "win-win" scenario for both the economy and the environment. This study examines the impact of environmental good exports on the comprehensive economic development and environmental protection index, green total factor productivity (GTFP), using a Chinese city-level panel dataset from 2003 to 2015. Overall, our findings indicate that EG exports are detrimental to China's green development. Particularly, traditional EGs intended to address environmental concerns significantly impede GTFP, whereas environmentally preferable products with cleaner product life cycles have no such effect. Furthermore, EG exports do not significantly reduce conventional TFP without accounting for energy and pollution, implying that the loss of GTFP is primarily due to environmental factors. When GTFP is disaggregated into green efficiency change (GEC) and green technology change (GTC), EG exports can increase GEC while reducing GTC. However, once the value of EG exports surpasses a certain threshold, EG exports raise GTC and GTFP. Furthermore, regional resource misallocation, environmental regulation, and absorptive capacity can all help to mitigate the negative EG-GTFP relationship. This study could be useful for stakeholders interested in leveraging synergies between the economy and the environment by participating in global EG supply chains.

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