| Title | Assessing the impact of intermediate import liberalization on green innovation in pollution-prone industries: A study on publicly traded companies |
|---|---|
| ID_Doc | 30956 |
| Authors | Tian, S; Elahi, E; Liu, L; Sun, AL |
| Title | Assessing the impact of intermediate import liberalization on green innovation in pollution-prone industries: A study on publicly traded companies |
| Year | 2023 |
| Published | |
| Abstract | Against the backdrop of mounting concerns about the environmental degradation stemming from heavily polluting industries in China's manufacturing sector, this study aims to investigate the effects of intermediate import liberalization during the period 2000-2016 on green innovation. By examining this relationship, the study seeks to provide valuable insights into potential strategies for fostering sustainable development and promoting environmentally friendly practices within the sector. This study underscores the significant and positive impact of intermediate import liberalization on the green innovation of listed companies operating in heavily polluted industries. Our benchmark regression analysis demonstrates this influence. Notably, this effect is particularly pronounced for state-owned enterprises and those with high import intensity. Additionally, the study reveals that the beneficial impact of intermediate goods import liberalization on green innovation is evident primarily in high-tech industries and within the eastern region. These findings underscore the essential role played by positive spillover effects and competition in shaping the influence of intermediate import liberalization on environmentally conscious innovation. Furthermore, this study emphasizes the importance of both countries and enterprises leveraging the benefits derived from the liberalization of intermediate goods imports. Firms should proactively seek advanced foreign knowledge and technology, while actively engaging in market competition to drive their own green innovation and expedite the process of transitioning to environmentally sustainable practices. These findings have significant policy implications for enhancing green innovation in the manufacturing sector and promoting sustainable development. |
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