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Sustainability 2018, 10(3), 724; https://doi.org/10.3390/su10030724

An Empirical Study on Green Innovation Efficiency in the Green Institutional Environment

1
School of Business, Dalian University of Technology, Panjin 124221, China
2
Zhongshan Institute, University of Electronic Science and Technology, Zhongshan 528400, China
3
Economics and Management College, Civil Aviation University of China, Tianjin 300300, China
4
Department of Economic Management, Yingkou Institute of Technology, Yingkou 115014, China
They are co-first authors on this work.
*
Authors to whom correspondence should be addressed.
Received: 12 February 2018 / Revised: 1 March 2018 / Accepted: 1 March 2018 / Published: 7 March 2018
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Abstract

Previous studies have found that reverse technology spillover effects can promote industrial technology modernization in developing countries. However, it is still unknown whether reverse technology spillover effects can improve green innovation efficiency in developing countries. In particular, institutional uncertainties characteristic of transition economies have a significant impact on industrial modernization. Therefore, researching the impact of the institutional environment on the relationship between reverse technology spillover effects and green innovation efficiency is of great significance. In this paper, we use data from G20 countries as well as China’s foreign direct investment (FDI) data to measure the effects of reverse technology spillovers and adopt the threshold effect model to explore the relationship between reverse technology spillover effects and green innovation efficiency as well as the influence of the institutional environment on this relationship, based on China’s provincial panel data from 2003 to 2015. The empirical results show that the reverse technology spillover effects can effectively improve green innovation efficiency. There is a threshold for the influence of the institutional environment on the relationship between reverse technology spillover effects and green innovation efficiency. When the institutional development level surpasses the threshold value, an acceleration effect is generated. In addition, we find that the legal system is the key bottleneck in terms of improving green innovation efficiency. How to improve and perfect the path of institutional construction in China and how to enable institutions to gain threshold speed-up effects have become the major problems the Chinese government faces in institutional construction. The research results of this paper offer a reference to developing countries in regard to improving their institutions and enhancing their green innovation efficiency. View Full-Text
Keywords: institutional environment; sustainability; green innovation efficiency; green institutional environment; green innovation institutional environment; sustainability; green innovation efficiency; green institutional environment; green innovation
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Gao, Y.; Tsai, S.-B.; Xue, X.; Ren, T.; Du, X.; Chen, Q.; Wang, J. An Empirical Study on Green Innovation Efficiency in the Green Institutional Environment. Sustainability 2018, 10, 724.

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