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| The Effect of Environmental Regulation on China's Manufacturing Structure Optimization |
| Jiang Xiaoguo1,2, Zhang Tingting1 |
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Abstract This paper uses the panel data of 30 provinces and cities in China from 2005 to 2016, and comprehensively applies the system GMM model and fixed effect model to explore the effect of formal and informal environmental regulations on the optimization of manufacturing structure. From the perspective of direct influence, formal environmental regulation can promote the upgrading of manufacturing structure but can not promote its rationalization, and informal environmental regulation can promote both the rationalization and the upgrading of manufacturing structure. From the further analysis of using technological innovation as the mediating variable, both formal environmental regulation and informal environmental regulation can positively affect the rationalization and the upgrading of manufacturing structure through the mediating effect of technological innovation, but there are regional differences in the impact of the upgrading of manufacturing structure: formal environmental regulation has a significant positive impact on the upgrading of manufacturing structure in the eastern region, has no significant impact in the central and northeastern regions, and has a significant negative impact in the western region; informal environmental regulation has a significant positive impact on the upgrading of manufacturing structure in the central and western regions and has no significant impact in the eastern and northeastern regions. Finally, based on the empirical results, from the perspectives of the complementary between the two environmental regulations, the interactivity between environmental regulation and technological innovation, and different regional differentiation regulations, some countermeasures on how to implement more effective environmental regulation to force manufacturing structure optimization are proposed.
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