| Title | The Effect of Trade Policy Uncertainty on Green Technology Innovation: Evidence from China's Enterprises |
|---|---|
| ID_Doc | 30448 |
| Authors | Zhao, XL; Peng, MR; Wang, X; Xu, R; Cui, YZ |
| Title | The Effect of Trade Policy Uncertainty on Green Technology Innovation: Evidence from China's Enterprises |
| Year | 2024 |
| Published | Sustainability, 16, 16 |
| Abstract | Promoting green technology innovation is essential for sustainable development and the transition to a low-carbon economy. Using data from listed manufacturing companies in China from 2000 to 2020, this paper takes the establishment of permanent normal trade relations with the United States after China's accession to the WTO as a quasi-natural experiment and uses the difference-in-differences method to study the impact of the decline in trade policy uncertainty on firms' green technology innovation. The results show the following: (1) Reduced trade policy uncertainty significantly enhances green technology innovation in firms. (2) Further research finds that the decline in trade policy uncertainty mainly promotes the level of the green technology innovation of firms by alleviating financing constraints faced by firms and intensifying market competition. (3) A heterogeneity analysis reveals that the impact is more pronounced in firms with lower capital intensity, higher growth, export firms, and firms exporting to the United States. This study offers micro-level empirical evidence from China on the economic outcomes of external trade policy changes from the perspective of firms' green technology innovation and provides insights into how the government should respond to the risks of external trade frictions and improve firms' sustainable development in the future. |
| https://doi.org/10.3390/su16167150 |
Similar Articles
| ID | Score | Article |
|---|---|---|
35175
|
Lian, C; Pei, JP; Zheng, SY; Li, BQ How does trade policy uncertainty affect green innovation in the USA and China? A nonlinear perspective(2024)Environmental Science And Pollution Research, 31, 13 | |
| 35613
|
Bai, DB; Du, LZ; Xu, Y; Abbas, S Climate policy uncertainty and corporate green innovation: Evidence from Chinese A-share listed industrial corporations(2023) | |
| 30438
|
Yang, X; Mao, SA; Sun, LX; Feng, C; Xia, YS The Effect of Economic Policy Uncertainty on Green Technology Innovation: Evidence from China's Enterprises(2022)Sustainability, 14, 18 | |
| 30602
|
Hou, DS; Shi, LH; He, H; Xiong, J Research on the Deviation of Corporate Green Behaviour under Economic Policy Uncertainty Based on the Perspective of Green Technology Innovation in Chinese Listed Companies(2023)Sustainability, 15, 9 | |
| 30697
|
Chen, M; Hu, XH; Zhang, JJ; Xu, Z; Yang, G; Sun, ZA Are Firms More Willing to Seek Green Technology Innovation in the Context of Economic Policy Uncertainty? -Evidence from China(2023)Sustainability, 15, 19 | |
| 30596
|
Zhao, X; Shang, YP; Ma, XW; Xia, PF; Shahzad, U Does Carbon Trading Lead to Green Technology Innovation: Recent Evidence From Chinese Companies in Resource-Based Industries(2024) | |
| 31014
|
Sun, WZ; Yu, MT; Zhang, HT; Zhang, YF Does Uncertainty of Trade Environment Promote Green Technological Innovation? Empirical Evidence from China(2022)Sustainability, 14, 23 | |
| 35767
|
Zhang, HT; Sun, XM; Ahmad, M; Wang, XY Heterogeneous impacts of carbon emission trading on green innovation: Firm-level in China(2023) | |
| 30174
|
Chen, J; Wu, LD; Hao, LL; Yu, X; Streimikiene, D Does the import of green products encourage green technology innovation? Empirical evidence from China(2024) | |
| 30572
|
Niu, SH; Zhang, J; Luo, RF; Feng, YC How does climate policy uncertainty affect green technology innovation at the corporate level? New evidence from China(2023) |