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The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation

Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed...

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Detalles Bibliográficos
Autores principales: Yi, Ming, Fang, Xiaomeng, Wen, Le, Guang, Fengtao, Zhang, Yao
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2019
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6926777/
https://www.ncbi.nlm.nih.gov/pubmed/31766761
http://dx.doi.org/10.3390/ijerph16234660
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author Yi, Ming
Fang, Xiaomeng
Wen, Le
Guang, Fengtao
Zhang, Yao
author_facet Yi, Ming
Fang, Xiaomeng
Wen, Le
Guang, Fengtao
Zhang, Yao
author_sort Yi, Ming
collection PubMed
description Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect model and a panel threshold regression model are used to test the heterogeneous effects of different types of environmental policy instruments on the green technology innovation in China. The results show that: (1) Overall, China’s environmental policy instruments do not provide sufficient impetus for green technology innovation; (2) The impact of command-control environmental policy instruments on green technology innovation has a single threshold effect. When its intensity exceeds a certain threshold, green technology innovation is improved. The impact of market-incentive environmental policy instruments on the green technology innovation shows a double threshold effect, that is to say, only when its intensity maintained within a reasonable interval, can green technology innovation be promoted by it; (3) There is significant spatial difference in the impact of different types of environmental policy instruments on green technology innovation. In order to induce green technology innovation, it is necessary to formulate a combined and differentiated environmental policy system, while rationally adjusting the strength of different types of environmental policy instruments.
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spelling pubmed-69267772019-12-24 The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation Yi, Ming Fang, Xiaomeng Wen, Le Guang, Fengtao Zhang, Yao Int J Environ Res Public Health Article Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect model and a panel threshold regression model are used to test the heterogeneous effects of different types of environmental policy instruments on the green technology innovation in China. The results show that: (1) Overall, China’s environmental policy instruments do not provide sufficient impetus for green technology innovation; (2) The impact of command-control environmental policy instruments on green technology innovation has a single threshold effect. When its intensity exceeds a certain threshold, green technology innovation is improved. The impact of market-incentive environmental policy instruments on the green technology innovation shows a double threshold effect, that is to say, only when its intensity maintained within a reasonable interval, can green technology innovation be promoted by it; (3) There is significant spatial difference in the impact of different types of environmental policy instruments on green technology innovation. In order to induce green technology innovation, it is necessary to formulate a combined and differentiated environmental policy system, while rationally adjusting the strength of different types of environmental policy instruments. MDPI 2019-11-22 2019-12 /pmc/articles/PMC6926777/ /pubmed/31766761 http://dx.doi.org/10.3390/ijerph16234660 Text en © 2019 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Yi, Ming
Fang, Xiaomeng
Wen, Le
Guang, Fengtao
Zhang, Yao
The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title_full The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title_fullStr The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title_full_unstemmed The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title_short The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation
title_sort heterogeneous effects of different environmental policy instruments on green technology innovation
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6926777/
https://www.ncbi.nlm.nih.gov/pubmed/31766761
http://dx.doi.org/10.3390/ijerph16234660
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