The heterogeneous dynamic effect of financial development and environmental regulation on Chinese urban green technology management efficiency

Author(s):  
Ying Tian
2012 ◽  
Vol 524-527 ◽  
pp. 2977-2981 ◽  
Author(s):  
Shao Jun Xu

In this study we use system GMM estimation techniques to examine the dynamic effect of financial development on energy consumption with a panel data set on 29 provinces during the period 1999-2009 in China. The empirical results show a positive and statistically significant relationship between financial development and energy consumption when financial development is measured by the ratio of loans in financial institution to GDP and by the ratio of FDI to GDP. These results have critical implications for energy policy where the impact of financial development on energy consumption, especially, the short effect from the development of bank loan scale and the long effect from the development of FDI, is important to improve the political effect.


2018 ◽  
Vol 10 (4) ◽  
pp. 940 ◽  
Author(s):  
Yingyuan Guo ◽  
Xingneng Xia ◽  
Sheng Zhang ◽  
Danping Zhang

Author(s):  
Pei Wang ◽  
Cong Dong ◽  
Nan Chen ◽  
Ming Qi ◽  
Shucheng Yang ◽  
...  

Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of government subsidies, needs to be examined. Utilizing fixed-effect models and 2SLS models to explore the impact of environmental regulation on green technology innovation in China from 2003 to 2017, this research sought to examine whether environmental regulations impact green technology innovation, as well as the role of government subsidies in the above-mentioned influence path. The findings support the Porter Hypothesis by demonstrating an inverted “U” relationship between environmental regulation and green technology innovation. The impact of environmental regulation on green technology innovation varies by region. To be specific, there is an inverted “U” relationship between environmental regulation and green technology innovation in China’s central and central coast regions. In comparison, the north area, southern coast, and southwest region exhibit a “U” relationship between the two. The relationship is not significant in the Beijing-Tianjin region. Additionally, government subsidies act as an intermediate in this process, positively influencing firms to pursue green technology innovation during the earliest stages of environmental regulation strengthening. However, government subsidies above a certain level are unproductive and should be used appropriately and phased off in due course.


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