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Private Investment, Environmental Regulation and Green Technological Innovation |
Pei Xiao1,2,Jiang Anxuan2,Ye Yun1,2,Wang Fayuan1,2 |
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Abstract As an important supplement to government investment, private investment provides more and more financial support for enterprise green technological innovation,and plays an important role in stimulating the innovation vitality of enterprises. In order to further guide and encourage private investment, using environmental regulation as a medium variable, using Stata15.0 software and Matlab2016 software, based on the data of private investment, environmental regulation and green technology innovation of the 11 provinces and cities in the Changjiang Economic Belt from 1999 to 2016 to establish a spatial Dubin model under Knearest neighbor spatial weight matrix. The results show that the green technology innovation of enterprises in various regions of the Changjiang Economic Belt has a significant spatial agglomeration effect. Single private investment has a certain role in promoting technological innovation, but since private investment is currently concentrated in the low end of the industry, it is not integrated with environmental regulation. To this end, we should create a good investment environment, promote the effective supply of private investment, establish an environmental reversal mechanism, guide the healthy development of private investment, play a regional synergy, promote green technology innovation,and achieve highquality economic development.
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