TITLE:
Green Technological Innovation Efficiency and Financial Ecological Environment
AUTHORS:
Qian Ye, Chunlin Cheng
KEYWORDS:
Green Technological Innovation, Financial Ecological Environment, Environmental Effects, Unexpected Output
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.7 No.12,
December
9,
2019
ABSTRACT: The implementation of green technology innovation is a necessary choice
for country to achieve “win-win” between environmental performance and economic
performance. In this paper, environmental effects are included in the technology
innovation system. Based on the panel data of 30 provinces and municipalities
in China from 2006 to 2016, the efficiency of green technology innovation is
calculated, and the influence of four sub dimensions of financial ecological
environment, government governance, economic basis, financial development,
system and integrity culture on green technology innovation is studied. The
results show that: the efficiency of green technology innovation in each
province in the sample data shows significant spatial autocorrelation, and the overall
efficiency of green technology innovation is low. Besides, the financial
ecological environment and its components can effectively promote the
efficiency of green technology innovation. Furthermore, the control variables per
capita GDP, foreign capital introduction and environmental
regulation can significantly promote the green improvement of innovation
efficiency. Thus, it is critical to furtherly improve the financial ecological
environment, and give full play to the efficiency of financial effective service
innovation and high-quality development of China’s economy.