How Does Government Policy Improve Green Technology Innovation: An Empirical Study in China

Abstract

This paper divides government policy according to policy quantity, policy effectiveness and policy executive force so that the government policy can be quantified in more detail. Green patent data is used to represent green technological innovation, and the fixed effect model and panel data analysis from 2010 to 2019 are employed. The empirical results show that government policy has a significant direct promoting effect on green technology innovation. And the positive impact of policy quantity and policy effectiveness on green technology innovation is greater than that of policy executive force. In addition, the government policy will weaken the positive effect of enterprise innovation vitality on green technology innovation. Research conclusions also show that the direct and indirect effects of government policies on green technology innovation are heterogeneous. The government still needs appropriately policies adapted to the local situation, coordinated in policy quantity, policy effectiveness, and executive force, and accelerate the establishment of market-oriented green technology innovation environment. Different regions also should find the right green technology innovation policy scheme for their own regions.

High-Speed Rail Opening and Green Innovation—Evidence From China

“…We then matched and identified green patents through patent classification numbers, and added them to the prefecture-level city level. Using the total number of green patents (the sum of green invention patents and green utility model patents), green invention patents, and green utility model patents we measured the level of urban green innovation, denoted by Y, Y1, and Y2 respectively, and adding 1 (logarithm) (Wu et al, 2022).…”

Interplay among institutional actors for sustainable economic development—Role of green policies, ecoprenuership, and green technological innovation

“…Green technologies enable businesses to achieve economic objectives but not at the expense of natural resources. For example, green energy technology produces energy through renewable energy sources, protecting the environment from pollution caused by fossil fuels (Wu et al, 2022). Hence, non-polluting energy production leads to environment-friendly or sustainable economic development.…”

“…However, green policies by the government, i.e., green investment and green jobs and skills training, may overcome the hindrances. By providing support through green investments such as offering financial and tax incentives to enterprises, governments enable and promote private firms to innovate sustainable technologies, e.g., carbon neutral products (Wu et al, 2022).…”

How do environmental protection expenditure and green technology innovation affect synergistically the financial performance of heavy polluting enterprises? Evidence from China

“…In order to achieve the goal of carbon peak on schedule, people from all walks of life pay more attention to the pollution discharge of heavy polluting enterprises (Yang et al 2022a(Yang et al , 2022b. In recent years, many places in China have strictly implemented a series of environmental regulatory measures, such as limiting production and stopping production, improving production standards, saving energy and reducing emission and so on, which has prompted many enterprises in heavy polluting industries to increase environmental protection expenditure and carry out green technology innovation (Shang et al 2022;Wu et al 2022). Enterprise environmental protection expenditure and green technology innovation are "double edged swords".…”