On Green Industrial Transformation in China under Different Types of Environmental Regulation

Peng Xing, Li Bin

Journal of Finance and Economics Vol. 42, Issue 07, pp. 134 - 144 (2016)  DOI:10.16538/j.cnki.jfe.2016.07.013

Abstract

Under the constraints of resources and environment,the encouragement to green technology innovation and the promotion of green industrial transformation by the design of environmental regulation is of great significance.However,the existing research ignores the different types of environmental regulation and also the ones in different regions.Therefore,it is difficult to put forward targeted and differentiated regulation policies and then to effectively promote green industrial transformation.Based on the distinction between different types of environmental regulation and between ones in different regions,this paper uses dynamic panel model to make a nonlinear effect test of environmental regulation on green industrial transformation.The research results show that the influences of different types of environmental regulation on green industrial transformation are featured by heterogeneity,and the nonlinear effect of command & control environment regulation does not exist.However,the enhancement of economic-incentive environmental regulation and voluntary-consciousness environmental regulation can significantly improve the level of green technology innovation and the promotion of green industrial transformation.In East China,the command & control environmental regulation has not yet formed effective incentives for green technology innovation and green industrial transformation,but the positively promotion effects of economic-incentive environmental regulation and voluntary-consciousness environment regulation are obvious.In West China and Central China,the command & control environment regulation has a negative effect,and the incentive effects of economic-incentive environmental regulation and voluntary-consciousness environmental regulation on green technology innovation and green industrial transformation are not obvious.Calculation of different types of environmental regulation is conducive to further expansion and subdivision of environmental regulation,in order to explore the synergistic effect of different types of environmental regulation.The research conclusions are of enlightenment significance to the scientific setting of environmental regulation intensity and the reasonable choice of environmental regulation modes in order to encourage green technology innovation and promote green industrial transformation.

Keywords

environmental regulation; green industrial transformation; green technology innovation