Advances in Management and Applied Economics

The Impact of Environmental Regulation on Green Technology Innovation: Evidence from China's Core Economic Regions

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• Abstract 

  Based on panel data from 20 provinces in China's three major economic regions from 2012 to 2021, this study explores the impact of environmental regulation on green technology innovation and its spillover effects. The results show differences in the impact of environmental regulation on green technology innovation in different economic regions, and the environmental regulation in the Pan-Pearl River Delta significantly promotes green technology innovation. In contrast, the impact of environmental regulation in the other two economic regions is not significant. The early green technology innovation in the three major economic regions has a significant impact on the future green technology innovation. Further using the spatial Durbin model, it is found that environmental regulation has a positive spillover effect on green technology innovation in the three major economic regions. There are spatiotemporal spillover effects in green technology innovation: there are negative temporal and spatiotemporal spillover effects in the Bohai Economic Rim, positive temporal and spatiotemporal spillover effects in the Yangtze River Delta, and only positive spatiotemporal spillover effects in the Pan-Pearl River Delta.

   

  JEL classification numbers: C10, C87.

  Keywords: Green technological innovation, Technological path dependence, Environmental regulation, Dynamic spatial Durbin model, Spatial spillover effect.