Green Finance, International Technology Spillover and Green Technology Innovation: A New Perspective of Regional Innovation Capability

被引：27
作者：
Cheng, Pengfei [1 ]
Wang, Xiaofeng [2 ]
Choi, Baekryul [1 ]
Huan, Xingang [3 ]
机构：
[1] Jeonbuk Natl Univ, Dept Int Trade, Jeonju 54896, South Korea
[2] Jeonbuk Natl Univ, Agr Econ, Jeonju 54896, South Korea
[3] Henan Univ Technol, Grain Econ Res Ctr, Sch Econ & Trade, Zhengzhou 450001, Peoples R China
来源：
SUSTAINABILITY | 2023年 / 15卷 / 02期
关键词：
green finance; technology spillovers; green technology innovation; regional innovation capability; intermediary effect; spatial spillover effect; FOREIGN DIRECT-INVESTMENT; RESEARCH-AND-DEVELOPMENT; INTELLECTUAL PROPERTY; CHINA;
D O I：
10.3390/su15021112
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Regional green technological progress is an important driver of regional green technology innovations. To explore in depth the impact of green finance and international technology spillover on regional green technology innovation, this study incorporates green finance, international technology spillover, and green technology innovation into the same analytical framework. In addition, based on a new perspective of regional innovation capabilities, this study analyzes the impact of green finance and international green technology spillovers on green technology innovation. The data were collected in 30 Chinese provinces from 2003 to 2019 and analyzed by a panel fixed-effects model. The interaction between green finance, international technology spillover, and regional innovation capability was investigated to understand the impact of each interaction on green technology innovation. Second, regional innovation capability was used as an intermediary variable to identify its underlying mechanism. Finally, the spatial spillover effect of green technology innovation was analyzed using the spatial Durbin model. We found that: (1) green finance, import trade, outward foreign direct investment (OFDI), and regional innovation capability can promote regional green technology innovation, while inward foreign direct investment (IFDI) has an inhibitory effect on the innovation; (2) the interaction of green finance, international technology spillovers, and regional innovation capacity positively impacts green technology innovation; (3) green finance and international technology spillovers can promote green technology innovation by promoting regional innovation capabilities; (4) and green technology innovations have spatial spillover effects, and innovations in one region can promote the growth of green technologies in adjacent regions. This study provides a reference not only for China but also for other developing countries to promote green technology advancement and achieve sustainable development goals.
引用
收藏
页数：16
相关论文
共 58 条
[1]   Environmental impacts of FDI: evidence from heterogeneous panel methods [J].
Arif, Umaima ;
Arif, Asma ;
Khan, Farzana Naheed .
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (16) :23639-23649
[2]   Research on the impact of green finance on carbon emissions: evidence from China [J].
Bai, Jiancheng ;
Chen, Zhonglu ;
Yan, Xiang ;
Zhang, Yueyan .
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2022, 35 (01) :6965-6984
[3]   Nexus between environment regulation, FDI, and green technology innovation in OECD countries [J].
Behera, Puspanjali ;
Sethi, Narayan .
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (35) :52940-52953
[4]   REGULATION AS A MEANS FOR THE SOCIAL-CONTROL OF TECHNOLOGY [J].
BRAUN, E ;
WIELD, D .
TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, 1994, 6 (03) :259-272
[5]   Greenfield foreign direct investments and regional environmental technologies [J].
Castellani, Davide ;
Marin, Giovanni ;
Montresor, Sandro ;
Zanfei, Antonello .
RESEARCH POLICY, 2022, 51 (01)
[6]   Research on the Impact Factors of Green Economy of China-From the Perspective of System and Foreign Direct Investment [J].
Chai, Bohan ;
Gao, Junwei ;
Pan, Lingying ;
Chen, Yishu .
SUSTAINABILITY, 2021, 13 (16)
[7]   The Comprehensive Impact of Outward Foreign Direct Investment on China's Carbon Emissions [J].
Cheng, Pengfei ;
Huan, Xingang ;
Choi, Baekryul .
SUSTAINABILITY, 2022, 14 (23)
[8]   Independent R and D, Technology Introduction, and Green Growth in China's Manufacturing [J].
Cheng, Zhonghua ;
Li, Wenwen .
SUSTAINABILITY, 2018, 10 (02)
[9]   INTERNATIONAL R-AND-D SPILLOVERS [J].
COE, DT ;
HELPMAN, E .
EUROPEAN ECONOMIC REVIEW, 1995, 39 (05) :859-887
[10]   Study on the Evaluation of Green Technology Innovation Efficiency and Its Influencing Factors in the Central Plains City Cluster of China [J].
Dong, Xu ;
Fu, Wensi ;
Yang, Yali ;
Liu, Chenguang ;
Xue, Guizhi .
SUSTAINABILITY, 2022, 14 (17)
123456