Author(s)

Xiaoman Wang ¹

Affiliation(s)

¹ School of Business Administration, Jimei University, Xiamen, 361021, China

Corresponding Author

Xiaoman Wang

ABSTRACT

As a pivotal link between economic progress and environmental preservation, green technological innovation assumes a critical role. Examining its impact and mechanisms on high-quality economic development is essential for resolving the delicate balance between economic growth and environmental conservation. Utilizing a bidirectional fixed-effects model with temporal and regional dimensions, this study empirically investigates the specific influence of green technological innovation on regional economic development in China, as well as the ramifications of environmental regulatory policies. The results indicate that green technological innovation significantly promotes high-quality economic development in China. Notably, command-and-control environmental regulations exhibit limited impact on green technological innovation, while market-driven incentives effectively propel enterprises towards engaging in green technological initiatives. To realize the vision of high-quality economic and social development, leveraging market-oriented regulatory tools, fostering enterprise enthusiasm for green technological innovation, and providing targeted policy incentives are imperative. This approach continually strengthens enterprise capabilities in green technological innovation, effectively harnessing its guiding role in driving high-quality economic development.

KEYWORDS

Green Innovation; High-Quality Economic Development; Command and Control Environmental Regulation; Market-Based Environmental Regulation

CITE THIS PAPER

Xiaoman Wang, A Study of the High-Quality Development of Regional Economy Based on the Impact of Heterogeneous Environmental Regulation. Industrial Engineering and Innovation Management (2023) Vol. 6: 70-78. DOI: http://dx.doi.org/10.23977/ieim.2023.061112.

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