Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China
Although the innovation effects of carbon trading mechanism (CTM) have attracted considerable concern, there is still a lack of empirical research on how the CTM promotes the efficiency of green innovation in China. Therefore, this paper purposes to investigate how CTM affects the efficiency of gree...
| Main Authors: | , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-09-01
|
| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X23001207 |
| _version_ | 1797683089571315712 |
|---|---|
| author | Yi-Xiang Bai Chan Wang Min Zeng You-Hua Chen Hong-Xing Wen Pu-Yan Nie |
| author_facet | Yi-Xiang Bai Chan Wang Min Zeng You-Hua Chen Hong-Xing Wen Pu-Yan Nie |
| author_sort | Yi-Xiang Bai |
| collection | DOAJ |
| description | Although the innovation effects of carbon trading mechanism (CTM) have attracted considerable concern, there is still a lack of empirical research on how the CTM promotes the efficiency of green innovation in China. Therefore, this paper purposes to investigate how CTM affects the efficiency of green innovation and revels its potential paths, including industrial structure, energy structure, technological innovation, human capital, and foreign direct investment (FDI), based on panel data of 30 provinces and cities in China spanning from 2008 to 2020. SBM-DEA model is employed to calculate the efficiency of green innovation in 30 provinces and cities. We then employ the synthetic control method (SCM) to investigate the influence of the CTM on the efficiency of green innovation, and the results show that the CTM can improve the efficiency of green innovation. By using the Hausman model, several conclusions are obtained. First, the CTM has a positive effect on improving the efficiency of green innovation. Second, from 2008 to 2020, the efficiency of green innovation in China is continuously improving, although it is still imbalanced across regions. Third, the CTM can influence the efficiency of green innovation by affecting the industrial structure, energy structure, human capital, and FDI. |
| first_indexed | 2024-03-12T00:09:26Z |
| format | Article |
| id | doaj.art-b2205f273c8247c6959ae30f03714595 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-03-12T00:09:26Z |
| publishDate | 2023-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-b2205f273c8247c6959ae30f037145952023-09-16T05:30:45ZengElsevierEnergy Strategy Reviews2211-467X2023-09-0149101170Does carbon trading mechanism improve the efficiency of green innovation? Evidence from ChinaYi-Xiang Bai0Chan Wang1Min Zeng2You-Hua Chen3Hong-Xing Wen4Pu-Yan Nie5School of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR ChinaSchool of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR China; Corresponding author. School of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR China.School of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR ChinaSchool of Economics and Management, South China Agricultural University, Guangzhou, 510642, PR China; Corresponding author. School of Economics and Management, South China Agricultural University, Guangzhou, 510642, PR China.School of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR ChinaSchool of Economics, Guangdong University of Finance & Economics, Guangzhou, 510320, PR ChinaAlthough the innovation effects of carbon trading mechanism (CTM) have attracted considerable concern, there is still a lack of empirical research on how the CTM promotes the efficiency of green innovation in China. Therefore, this paper purposes to investigate how CTM affects the efficiency of green innovation and revels its potential paths, including industrial structure, energy structure, technological innovation, human capital, and foreign direct investment (FDI), based on panel data of 30 provinces and cities in China spanning from 2008 to 2020. SBM-DEA model is employed to calculate the efficiency of green innovation in 30 provinces and cities. We then employ the synthetic control method (SCM) to investigate the influence of the CTM on the efficiency of green innovation, and the results show that the CTM can improve the efficiency of green innovation. By using the Hausman model, several conclusions are obtained. First, the CTM has a positive effect on improving the efficiency of green innovation. Second, from 2008 to 2020, the efficiency of green innovation in China is continuously improving, although it is still imbalanced across regions. Third, the CTM can influence the efficiency of green innovation by affecting the industrial structure, energy structure, human capital, and FDI.http://www.sciencedirect.com/science/article/pii/S2211467X23001207Carbon trading mechanismEfficiency of green innovationForeign direct investment |
| spellingShingle | Yi-Xiang Bai Chan Wang Min Zeng You-Hua Chen Hong-Xing Wen Pu-Yan Nie Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China Energy Strategy Reviews Carbon trading mechanism Efficiency of green innovation Foreign direct investment |
| title | Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China |
| title_full | Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China |
| title_fullStr | Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China |
| title_full_unstemmed | Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China |
| title_short | Does carbon trading mechanism improve the efficiency of green innovation? Evidence from China |
| title_sort | does carbon trading mechanism improve the efficiency of green innovation evidence from china |
| topic | Carbon trading mechanism Efficiency of green innovation Foreign direct investment |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X23001207 |
| work_keys_str_mv | AT yixiangbai doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina AT chanwang doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina AT minzeng doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina AT youhuachen doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina AT hongxingwen doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina AT puyannie doescarbontradingmechanismimprovetheefficiencyofgreeninnovationevidencefromchina |