The development of the new energy vehicle industry has become a key force driving the goals of carbon peak and carbon neutralization.To better guide future strategies,this study investigates the dual impact of subsidy...The development of the new energy vehicle industry has become a key force driving the goals of carbon peak and carbon neutralization.To better guide future strategies,this study investigates the dual impact of subsidy and dual-integral policies on the performance of new energy vehicle enterprises.This study first theorizes the influential mechanism according to the institutional-based approach and technical innovation theory,and then collects data from listed companies in the new energy vehicle industry from 2016 to 2020.The hypotheses are examined using a two-way fixed-effects model.The findings show that:(1)subsidy policies are can still improve enterprise performance,but not through green technology innovation;(2)the dual-credit policy can improve enterprise performance through green technology innovation;and(3)under current policy conditions,with subsidies declining annually,the interaction effects between the subsidy and dual-integral policies will also decrease.Thus,this study suggests that non-monetary industrial policy,represented by the dual credit policy is a more effective alternative to government subsidies.展开更多
Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology i...Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology innovation could be formed through upstream policy push and downstream demand-pull.Leveraging China's regional carbon emission trading scheme pilots as a quasi-natural experiment,this paper examines the policy-push and demand-pull effects on innovation in renewable energy patents.The data pertain to the city-level renewable energy patents from 2000 to 2020.Based upon the triple difference-in-difference method,results suggest that both policy-push and demandpull factors exert positive effects on innovation.This paper further explores the practical and theoretical implications of green technology innovation under the new development perspective.展开更多
基金This research is supported by the National Natural Science Foundation of China[Grant number.71801190].
文摘The development of the new energy vehicle industry has become a key force driving the goals of carbon peak and carbon neutralization.To better guide future strategies,this study investigates the dual impact of subsidy and dual-integral policies on the performance of new energy vehicle enterprises.This study first theorizes the influential mechanism according to the institutional-based approach and technical innovation theory,and then collects data from listed companies in the new energy vehicle industry from 2016 to 2020.The hypotheses are examined using a two-way fixed-effects model.The findings show that:(1)subsidy policies are can still improve enterprise performance,but not through green technology innovation;(2)the dual-credit policy can improve enterprise performance through green technology innovation;and(3)under current policy conditions,with subsidies declining annually,the interaction effects between the subsidy and dual-integral policies will also decrease.Thus,this study suggests that non-monetary industrial policy,represented by the dual credit policy is a more effective alternative to government subsidies.
基金sponsored by the project “Economic and Environmental Assessment of Carbon Emission Trading Scheme:Theory and Evidence from China Firm-Level Data”(No. 72073055) of the National Natural Science Foundation of ChinaQinglan Project of Jiangsu Province
文摘Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology innovation could be formed through upstream policy push and downstream demand-pull.Leveraging China's regional carbon emission trading scheme pilots as a quasi-natural experiment,this paper examines the policy-push and demand-pull effects on innovation in renewable energy patents.The data pertain to the city-level renewable energy patents from 2000 to 2020.Based upon the triple difference-in-difference method,results suggest that both policy-push and demandpull factors exert positive effects on innovation.This paper further explores the practical and theoretical implications of green technology innovation under the new development perspective.