Environmental regulation, R&D subsidies, and industrial green total factor productivity
In the face of worsening global environmental degradation, significant attention has been devoted to the greening of industrial transformation and development, specifically by improving industrial green total factor productivity (GTFP). We explored the impact of environmental regulations on industri...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-12-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188824001825 |
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| author | Bu Wei Li Chenxi Liu Shanshan |
| author_facet | Bu Wei Li Chenxi Liu Shanshan |
| author_sort | Bu Wei |
| collection | DOAJ |
| description | In the face of worsening global environmental degradation, significant attention has been devoted to the greening of industrial transformation and development, specifically by improving industrial green total factor productivity (GTFP). We explored the impact of environmental regulations on industrial GTFP and the moderating influence of R&D subsidies. We established a theoretical model in which environmental regulations affect industrial GTFP, and this relationship is moderated by R&D subsidies. The results revealed that the impact of environmental regulations on industrial GTFP is U-shaped and that the current level of environmental regulation is insufficient to boost industrial GTFP. Green technological innovation plays a mediating role in the effect of environmental regulations on industrial GTFP. Furthermore, R&D subsidies nonlinearly moderate the relationship, resulting in a steeper U-shaped curve and accelerating the arrival of the tipping point. These findings provide theoretical support and a reference for government policies that promote industrial greening. |
| format | Article |
| id | doaj-art-ea8e3f0e61374defb62e7ae7fb93ecd0 |
| institution | DOAJ |
| issn | 2666-1888 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-ea8e3f0e61374defb62e7ae7fb93ecd02025-08-20T02:48:57ZengElsevierSustainable Futures2666-18882024-12-01810033310.1016/j.sftr.2024.100333Environmental regulation, R&D subsidies, and industrial green total factor productivityBu Wei0Li Chenxi1Liu Shanshan2School of Economics and Management, Beijing Jiaotong University, Beijing, 100044, ChinaCorresponding author at: Beijing Jiaotong University, No.3 Shangyuan Village, Haidian District, Beijing, China.; School of Economics and Management, Beijing Jiaotong University, Beijing, 100044, ChinaSchool of Economics and Management, Beijing Jiaotong University, Beijing, 100044, ChinaIn the face of worsening global environmental degradation, significant attention has been devoted to the greening of industrial transformation and development, specifically by improving industrial green total factor productivity (GTFP). We explored the impact of environmental regulations on industrial GTFP and the moderating influence of R&D subsidies. We established a theoretical model in which environmental regulations affect industrial GTFP, and this relationship is moderated by R&D subsidies. The results revealed that the impact of environmental regulations on industrial GTFP is U-shaped and that the current level of environmental regulation is insufficient to boost industrial GTFP. Green technological innovation plays a mediating role in the effect of environmental regulations on industrial GTFP. Furthermore, R&D subsidies nonlinearly moderate the relationship, resulting in a steeper U-shaped curve and accelerating the arrival of the tipping point. These findings provide theoretical support and a reference for government policies that promote industrial greening.http://www.sciencedirect.com/science/article/pii/S2666188824001825Environmental regulationIndustrial green total factor productivityR&D subsidyGreen technological innovation |
| spellingShingle | Bu Wei Li Chenxi Liu Shanshan Environmental regulation, R&D subsidies, and industrial green total factor productivity Sustainable Futures Environmental regulation Industrial green total factor productivity R&D subsidy Green technological innovation |
| title | Environmental regulation, R&D subsidies, and industrial green total factor productivity |
| title_full | Environmental regulation, R&D subsidies, and industrial green total factor productivity |
| title_fullStr | Environmental regulation, R&D subsidies, and industrial green total factor productivity |
| title_full_unstemmed | Environmental regulation, R&D subsidies, and industrial green total factor productivity |
| title_short | Environmental regulation, R&D subsidies, and industrial green total factor productivity |
| title_sort | environmental regulation r d subsidies and industrial green total factor productivity |
| topic | Environmental regulation Industrial green total factor productivity R&D subsidy Green technological innovation |
| url | http://www.sciencedirect.com/science/article/pii/S2666188824001825 |
| work_keys_str_mv | AT buwei environmentalregulationrdsubsidiesandindustrialgreentotalfactorproductivity AT lichenxi environmentalregulationrdsubsidiesandindustrialgreentotalfactorproductivity AT liushanshan environmentalregulationrdsubsidiesandindustrialgreentotalfactorproductivity |