RETRACTED: Study on the spatial spillover effects of capital enrichment on industrial green technology innovation in China

Abstract

In the context of the strategic target of carbon emission peaking and carbon neutrality, industrial green technology innovation (GTI) has become the focus of discussion in academia these days. Based on the panel data of 30 provinces in China from 2011 to 2019, we construct Spatial Durbin Models to explore the spatial effects of capital enrichment (CE) on GTI by using the geographical distance matrix, the economic distance matrix and the adjacency matrix. The results reveal that: (1) The regional differences in the development of GTI are prominent, showing a higher level in the east and lower in the west. (2) GTI exhibits the spatial characteristic of polarization. Its spatiotemporal evolutionary pattern reveals a phased feature of first strengthened and then weakened. (3) The CE has a significant inhibitory effect on GTI, which may be caused by the “rebound effect”, dominated by short-term economic interests and the ineffective capital allocation. This effect is more prominent in regions with unbalanced economies. (4) The spatial spillover effect of CE is significantly negative, indicating a “siphon effect”. Based on these findings, the suggestions for promoting GTI are put forward.

The Role of Education and Green Innovation in Green Transition: Advancing the United Nations Agenda on Sustainable Development

“…China initiated the journey towards greening the environment by implementing various reforms and strategies, bringing about many structural and economic changes [5]. The country promoted green technological innovations, redesigned its industrial structure, favored renewable energy technology innovations, and introduced environmental regulation for industries (voluntary control, carbon taxes, market incentives), with significant capacity to curb emissions [6][7][8][9][10]. Indeed, the factors mentioned above or steps taken by China have proved to be environmental saviors.…”