Schumpeterian endogenous growth model under green innovation and its enculturation effect

Zhou, Yuwen; Tian, Lixin; Yang, Xiaoguang

doi:10.1016/j.eneco.2023.107109

Cited by 7 publications

(3 citation statements)

References 72 publications

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“…Firstly, the empirical test results show that consumer environmental preference significantly promotes the green technological innovation of heavily polluting enterprises, which is consistent with prior studies [13,30,33]. This paper uses the total number of green patent applications to measure enterprises' green technological innovation and defines the number of green invention patent applications and the number of green utility model patent applications as substantive green innovation and strategic green innovation, respectively.…”

Section: Discussionsupporting

confidence: 83%

“…The regression result shows that consumer environmental preference significantly promotes both substantive green innovation and strategic green innovation, and the promotion effect of environmental preference is more significant for strategic green innovation than for substantive green innovation. The fact that consumer environmental preference imposes a higher influence on strategic green innovation than substantive green innovation is not reflected in previous studies [13,30,33], but the possible reason for this is that strategic green innovation can help firms satisfy the green demands of customers with lower costs, so firms are more willing to undertake strategic green innovation than substantive green innovation [5,34].…”

Section: Discussionmentioning

confidence: 90%

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The Impact of Consumer Environmental Preferences on the Green Technological Innovation of Chinese Listed Companies

Yu,

Zeng

2024

Sustainability

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Using the data of companies from heavily polluting industries listed on China’s A-share stock market from 2011 to 2022, this paper empirically investigates the impact of consumer environmental preference on green technological innovation. The results indicate that consumer environmental preference significantly promotes the green innovation of firms from heavily polluting industries. Moreover, consumer environmental preference imposes a higher influence on strategic green innovation than substantive green innovation. The mechanism tests suggest that consumer environmental preference encourages green technological innovation by strengthening the environmental protection concept and increasing R&D investment. Finally, we find that rising consumer environmental preference has a more prominent effect on the promotion of green innovation for enterprises in regions with higher levels of marketization and lower government environmental regulation, larger enterprises, and private enterprises.

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Section: Discussionsupporting

confidence: 83%

Section: Discussionmentioning

confidence: 90%

The Impact of Consumer Environmental Preferences on the Green Technological Innovation of Chinese Listed Companies

Yu,

Zeng

2024

Sustainability

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“…Second, studies have been based on neoclassical economic growth theory, incorporating factors of capital, technology, energy, and the environment, and constructing a green Solow model to measure green total factor productivity (GTFP) 11 , 12 . Third, based on neoclassical economic growth theory, some studies have simultaneously considered desirable and undesirable output, applying Shepard’s distance function, the directional distance function, and data envelopment analysis to measure GTFP 13 – 15 .…”

Section: Literature Reviewmentioning

confidence: 99%

A double machine learning model for measuring the impact of the Made in China 2025 strategy on green economic growth

Yuan,

Liu

2024

Sci Rep

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The transformation and upgrading of China’s manufacturing industry is supported by smart and green manufacturing, which have great potential to empower the nation’s green development. This study examines the impact of the Made in China 2025 industrial policy on urban green economic growth. This study applies the super-slacks-based measure model to measure cities’ green economic growth, using the double machine learning model, which overcomes the limitations of the linear setting of traditional causal inference models and maintains estimation accuracy under high-dimensional control variables, to conduct an empirical analysis based on panel data of 281 Chinese cities from 2006 to 2021. The results reveal that the Made in China 2025 strategy significantly drives urban green economic growth, and this finding holds after a series of robustness tests. A mechanism analysis indicates that the Made in China 2025 strategy promotes green economic growth through green technology progress, optimizing energy consumption structure, upgrading industrial structure, and strengthening environmental supervision. In addition, the policy has a stronger driving effect for cities with high manufacturing concentration, industrial intelligence, and digital finance development. This study provides valuable theoretical insights and policy implications for government planning to promote high-quality development through industrial policy.

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Assessing the influence of artificial intelligence on the energy efficiency for sustainable ecological products value

Song,

Pan,

Shen

et al. 2024

Energy Economics

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Schumpeterian endogenous growth model under green innovation and its enculturation effect

Cited by 7 publications

References 72 publications

The Impact of Consumer Environmental Preferences on the Green Technological Innovation of Chinese Listed Companies

The Impact of Consumer Environmental Preferences on the Green Technological Innovation of Chinese Listed Companies

A double machine learning model for measuring the impact of the Made in China 2025 strategy on green economic growth

Assessing the influence of artificial intelligence on the energy efficiency for sustainable ecological products value

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