Impact of Environmental Regulation on Manufacturing's Technology Innovation in China
Zhong Nian1,2,Li Lianshui1,2,Liu Jun2
1.School of Economics and Management,Southeast University,Nanjing 211189,China; 2.China Institute of Manufacturing Development,Nanjing University of Information Science& Technology,Nanjing 210044,China
Abstract：Based on the panel data of manufacturing industry in China from 2008 to 2013,this paper analyzed the influence of environmental regulation on technology innovation from the perspective of industrial heterogeneity by using dynamic panel data model.The results show that:①There is a significant inverted-U shape relationship between environmental regulation and manufacturing's technology innovation in China,the inflection point is 0.4962;but lies in different relationships in other industries on account of industry heterogeneity;②The human capital has a positive impact on manufacturing technology innovation in China,but the promotion reduces when constrained by environmental regulation;③The impacts of foreign participation on manufacturing technology innovation in China are different whether constrained by environmental regulation or not;④The degree of competition inhibits China's manufacturing technology innovation.Meanwhile,the current China's manufacturing technology innovation will be affected by that of previous.Finally,this paper puts forward specific suggestions to formulate the environmental regulations and policies differently as to different industries
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