Artificial intelligence innovation development pilot zone and enterprise green innovation: Evidence from China
摘要
As a flagship program of the Ministry of Science and Technology for integrating AI into economic and social development, the AIID Pilot Zones help boost enterprise green innovation and support a “win-win” between the dual-carbon target and sustainable economic growth. Drawing on 2006–2021 data for Chinese listed firms, we employ a difference-in-differences (DID) design to identify how AIID Pilot Zones influence enterprise green innovation. The results show that: the AIID Pilot Zones can significantly promote enterprise green innovation, mainly by alleviating financing constraints, improving knowledge absorption capacity and reducing administrative transaction costs. Heterogeneity analysis show that the AIID Pilot Zones promote the green innovation level of non-SOEs more than SOEs and that their positive impact is greater in highly competitive industries than in less competitive sectors. This study provides a novel examination of how AIID Pilot Zones influence enterprise green innovation in terms of research perspective, transmission channels, and empirical strategy. It also offers policy implications for easing the tension between green innovation and financing constraints, expanding and coordinating different types of pilot zones, and fully leveraging their agglomeration, learning, and spillover effects.
Graphical Abstract