Does market integration promote green technology innovation? Evidence from China
Understanding how to improve green technology innovation is critical to addressing environmental pollution and climate change. Using data from the annual reports of Chinese listed manufacturing firms from 2002 to 2018, this paper investigates the impact of market integration on firms’ green technolo...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2022-12-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1097616/full |
| _version_ | 1811186277282742272 |
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| author | Tao Lin Zhao Chen |
| author_facet | Tao Lin Zhao Chen |
| author_sort | Tao Lin |
| collection | DOAJ |
| description | Understanding how to improve green technology innovation is critical to addressing environmental pollution and climate change. Using data from the annual reports of Chinese listed manufacturing firms from 2002 to 2018, this paper investigates the impact of market integration on firms’ green technology innovation. The research design relies on the instrumental variable approach. The results show that both commodity market integration and factor market integration can significantly promote green technology innovation. However, heterogeneity exists across regions, ownership systems, and industry types. Exploring the mechanisms, we find that commodity market integration affects firms’ green technology innovation mainly by expanding market size, intensifying market competition, and promoting technology spillovers. Factor market integration influences firm green technology innovation by optimizing resource allocation and reducing government intervention. |
| first_indexed | 2024-04-11T13:43:57Z |
| format | Article |
| id | doaj.art-419e65ab03c0464fac0a44211e08e40a |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-11T13:43:57Z |
| publishDate | 2022-12-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-419e65ab03c0464fac0a44211e08e40a2022-12-22T04:21:10ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-12-011010.3389/fenvs.2022.10976161097616Does market integration promote green technology innovation? Evidence from ChinaTao Lin0Zhao Chen1School of Economics, Shanghai University of Finance and Economics, Shanghai, ChinaSchool of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, ChinaUnderstanding how to improve green technology innovation is critical to addressing environmental pollution and climate change. Using data from the annual reports of Chinese listed manufacturing firms from 2002 to 2018, this paper investigates the impact of market integration on firms’ green technology innovation. The research design relies on the instrumental variable approach. The results show that both commodity market integration and factor market integration can significantly promote green technology innovation. However, heterogeneity exists across regions, ownership systems, and industry types. Exploring the mechanisms, we find that commodity market integration affects firms’ green technology innovation mainly by expanding market size, intensifying market competition, and promoting technology spillovers. Factor market integration influences firm green technology innovation by optimizing resource allocation and reducing government intervention.https://www.frontiersin.org/articles/10.3389/fenvs.2022.1097616/fullmarket integrationgreen technology innovationenvironmental pollutionregional economyChina |
| spellingShingle | Tao Lin Zhao Chen Does market integration promote green technology innovation? Evidence from China Frontiers in Environmental Science market integration green technology innovation environmental pollution regional economy China |
| title | Does market integration promote green technology innovation? Evidence from China |
| title_full | Does market integration promote green technology innovation? Evidence from China |
| title_fullStr | Does market integration promote green technology innovation? Evidence from China |
| title_full_unstemmed | Does market integration promote green technology innovation? Evidence from China |
| title_short | Does market integration promote green technology innovation? Evidence from China |
| title_sort | does market integration promote green technology innovation evidence from china |
| topic | market integration green technology innovation environmental pollution regional economy China |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1097616/full |
| work_keys_str_mv | AT taolin doesmarketintegrationpromotegreentechnologyinnovationevidencefromchina AT zhaochen doesmarketintegrationpromotegreentechnologyinnovationevidencefromchina |