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Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?

This study innovatively uses local government regulations related to manufacturing to quantitatively identify industrial policies. The degree of influence and functional mechanism of China’s industrial policies on the green competitiveness of the manufacturing industry are empirically examined using...

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Detalles Bibliográficos
Autores principales: Zhao, Qing, Yuan, Chih-Hung
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8244902/
https://www.ncbi.nlm.nih.gov/pubmed/34191838
http://dx.doi.org/10.1371/journal.pone.0253774
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author Zhao, Qing
Yuan, Chih-Hung
author_facet Zhao, Qing
Yuan, Chih-Hung
author_sort Zhao, Qing
collection PubMed
description This study innovatively uses local government regulations related to manufacturing to quantitatively identify industrial policies. The degree of influence and functional mechanism of China’s industrial policies on the green competitiveness of the manufacturing industry are empirically examined using the provincial and regional panel data. Additionally, the synergistic complementary effect between industrial policy power and market forces and the fiscal decentralization’s role in influencing industrial policies are investigated. The results reveal that the promulgation and implementation of industrial policies have significantly promoted the green competitiveness of the manufacturing industry. Regarding functional mechanisms, environmental governance has played a positive role in promoting the green competitiveness of the manufacturing industry supported by industrial policies, resource allocation, and innovation incentives. Meanwhile, industrial policies on green competitiveness in manufacturing depend on marketization and fiscal decentralization in local governments. The above findings demonstrate that the local governments in China, a developing economy, can play the role of development-oriented governments. Based on conforming to market deepening and system optimization, they can formulate and implement industrial policies in a rational manner and achieve green development and upgrade the manufacturing industry.
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spelling pubmed-82449022021-07-12 Can China’s industrial policies enhance the green competitiveness of the manufacturing industry? Zhao, Qing Yuan, Chih-Hung PLoS One Research Article This study innovatively uses local government regulations related to manufacturing to quantitatively identify industrial policies. The degree of influence and functional mechanism of China’s industrial policies on the green competitiveness of the manufacturing industry are empirically examined using the provincial and regional panel data. Additionally, the synergistic complementary effect between industrial policy power and market forces and the fiscal decentralization’s role in influencing industrial policies are investigated. The results reveal that the promulgation and implementation of industrial policies have significantly promoted the green competitiveness of the manufacturing industry. Regarding functional mechanisms, environmental governance has played a positive role in promoting the green competitiveness of the manufacturing industry supported by industrial policies, resource allocation, and innovation incentives. Meanwhile, industrial policies on green competitiveness in manufacturing depend on marketization and fiscal decentralization in local governments. The above findings demonstrate that the local governments in China, a developing economy, can play the role of development-oriented governments. Based on conforming to market deepening and system optimization, they can formulate and implement industrial policies in a rational manner and achieve green development and upgrade the manufacturing industry. Public Library of Science 2021-06-30 /pmc/articles/PMC8244902/ /pubmed/34191838 http://dx.doi.org/10.1371/journal.pone.0253774 Text en © 2021 Zhao, Yuan https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Zhao, Qing
Yuan, Chih-Hung
Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title_full Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title_fullStr Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title_full_unstemmed Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title_short Can China’s industrial policies enhance the green competitiveness of the manufacturing industry?
title_sort can china’s industrial policies enhance the green competitiveness of the manufacturing industry?
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8244902/
https://www.ncbi.nlm.nih.gov/pubmed/34191838
http://dx.doi.org/10.1371/journal.pone.0253774
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