The role of market forces and regulatory factors on green innovation in China: a panel data analysis
摘要
Asian cities are among the world’s most polluted, degrading ecosystems and harming health due to fossil fuel dependence without inducting green-clean technologies, which could mitigate the pollution. Thus, we relied on the panel dataset from 274 Chinese cities from 2009 to 2020 to investigate the proposed relationship via fixed and random effect models at the City level. We found that the industrial structure, intensity of the environmental regulations (IER), and human capital levels negatively contribute to green innovation growth, while energy consumption structure, environmental concern and compliance positively contribute to green innovation and the tech push is insignificant. This research paves the path for the decision makers to segregate between market and regulatory influence roles on the macro and micro levels by analyzing the origins of carbon emissions to implement the reforms and transformation in the industrial, energy, human capital, tech push, environment protections and compliance sectors to attain the greater good.