Technological forecasting & social change does environmental regulation induce green innovation? a panel study of Chinese listed firms
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2022-03-01
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To promote cleaner production, China launched nation-wide Cleaner Production Audit (CPA) program in 2004. This study examines the “weak” version of the Porter hypothesis while focusing on Chinese listed firms from 1990 to 2010. In this study, we provided evidence on the influence of China's CPA program on innovation based on green patent data. Using a difference-in-difference (DID) method, we find that there is a positive regulation effect on green innovation, i.e. the “weak” Porter hypothesis has been realized in the CPA program in China. Moreover, our results suggest that the regulation effect is more pronounced in encouraging radical green innovations measured by environmental invention patents than incremental green innovation measured by environmental utility patents. Then, we find that the CPA program regulatory effect is also affected by moderation variables such as industrial pollution intensity, but not by firm ownership. Our findings shed light on the policy implications on how firms respond to environmental regulations.
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Cui, J, J Dai, Z Wang and X Zhao (2022). Technological forecasting & social change does environmental regulation induce green innovation? a panel study of Chinese listed firms. Technological Forecasting and Social Change, 176. pp. 121492–121492. 10.1016/j.techfore.2022.121492 Retrieved from https://hdl.handle.net/10161/26568.
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Jingbo Cui
Bio: Dr. Jingbo Cui is a tenured Associate Professor of Applied Economics at the Division of Social Sciences, Co-Director at the Environmental Research Center, and Director of Graduate Studies for the International Master of Environmental Policy (iMEP) program at Duke Kunshan University, Adjunct Professor and Ph.D. Supervisor at the School of Economics and Management at Wuhan University. Before the current position, he was a Chu-Tian Junior Scholar from the Department of Education in Hubei Province, an Associate Professor at the School of Economics and Management at Wuhan University, a Post-doctoral Research Associate, and a visiting scholar at Iowa State University. He holds a Ph.D. in economics from Iowa State University, an M.S. in economics from Wuhan University, and a B.S. in economics and mathematics from Huazhong University of Science and Technology, China.
Dr. Cui’s research centers on Environmental Economics, the Economics of Innovation, and the Economics of Climate Change. His recent research has delved into intriguing topics such as the drivers and obstacles to low-carbon innovation, the economic and environmental impacts of China's climate policy and risk. His scholarly contributions have been published in top-tier academic journals, including Proceedings of the National Academy of Sciences (PNAS), American Economic Review Papers and Proceedings, Journal of Environmental Economics and Management, American Journal of Agricultural Economics, Environmental and Resource Economics, Journal of Regional Science, The World Economy, and Energy Economics. He has served as a referee for leading journals in Environmental Economics, Agricultural Economics, and Economics of Innovation (i.e., JEEM, AJAE, JAERE, Nature Climate Change, and Research Policy), as Associate Editor for the Environment and Development Economics, and a member of the editorial council in JAERE. His research projects have been funded by the National Natural Science Foundation of China (General Program, Junior Program, and Urgent Program) and the Jiangsu Qinglan Project.
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