Technological Innovation,Industrial Performance and Environmental Regulation——Based on Empirical Test of Yangtze River Delta Economic Region
Hailiang Ma
Abstract
Hailiang Ma
Abstract
Using the panel data of the Yangtze River Delta economic region from 1995 to 2008,under the SCP framework,the specific impacts of environmental regulation on technological innovation and industrial performance are measured.The results are as follows: the positive effect of technological innovation is more than the negative effects of increased cost generated by environmental regulation,which leads to industrial performance improvement;environmental regulation can significantly promote technological innovation and industrial performance at sight and in the lag phase,and the effect promoted by spot regulation is better;when regulation increases by 1%,technological innovation and industrial performance increase by 2.902 % and 1.385 % separately;the ability of technological innovation and technological transfer is strong in the Yangtze River Delta;environmental regulation on technological innovation and industrial performance shows a completely synchronous rule.
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Using the panel data of the Yangtze River Delta economic region from 1995 to 2008,under the SCP framework,the specific impacts of environmental regulation on technological innovation and industrial performance are measured.The results are as follows: the positive effect of technological innovation is more than the negative effects of increased cost generated by environmental regulation,which leads to industrial performance improvement;environmental regulation can significantly promote technological innovation and industrial performance at sight and in the lag phase,and the effect promoted by spot regulation is better;when regulation increases by 1%,technological innovation and industrial performance increase by 2.902 % and 1.385 % separately;the ability of technological innovation and technological transfer is strong in the Yangtze River Delta;environmental regulation on technological innovation and industrial performance shows a completely synchronous rule.
Key concepts: Environmental regulation, Yangtze river, Delta, Industrial organization, Business, Technological change, Lag, Panel data