Feng Yanchao, Wang Xiaohong, Liang Zhou
School of Economics and Management, Harbin Institute of Technology, Harbin 150001, PR China.
School of Economics and Management, Harbin Institute of Technology, Harbin 150001, PR China.
Sci Total Environ. 2021 Jun 25;775:145811. doi: 10.1016/j.scitotenv.2021.145811. Epub 2021 Feb 14.
To achieve the win-win goal of fostering economic development and inhibiting haze pollution in China, environmental information disclosure has been given more and more attention for its role of promoting green technology innovation. Utilizing a panel data of 113 prefecture and above cities from 2008 to 2018, this thesis first provides an empirical evidence for the strategic interaction of environmental information disclosure in China, verifies the coexistence of "race to the bottom" and "race to the top", and finds that the intensity of "race to the bottom" is stronger than that of "race to the top". Then, this thesis employs an empirical analysis on the mediating role of green technology innovation between environmental information disclosure and economic development and haze pollution from the perspective of static, dynamic, and even dynamic spatial perspectives. The results show that green technology innovation partly mediates the promotion effect of environmental information disclosure on economic development and the inhibition effect of environmental information disclosure on haze pollution under the static situation. In addition, green technology innovation fully mediates the promotion effect of environmental information disclosure on economic development but partly mediates the inhibition effect of environmental information disclosure on haze pollution under the dynamic situation. Furthermore, with the consideration of dynamic and spatial spillover effects of dependent variables such as economic development and haze pollution simultaneously, the mediation roles of green technology innovation between environmental information disclosure and economic development and haze pollution are both not supported, while the inhibition effect of green technology innovation on haze pollution is still established. The results not only identify the strategic interaction of environmental information disclosure and reveal the effectiveness of the mediating role of green technology innovation between environmental information disclosure and economic development and environmental pollution under the static and dynamic situations, but also provide a theoretical framework for green, sustainable, and high-quality development in China.
为实现中国经济发展与雾霾污染治理双赢的目标，环境信息披露因其在促进绿色技术创新方面的作用而受到越来越多的关注。本文利用2008年至2018年113个地级市及以上城市的面板数据，首先为中国环境信息披露的战略互动提供了实证依据，验证了“逐底竞争”和“逐顶竞争”的共存，并发现“逐底竞争”的强度强于“逐顶竞争”。然后，本文从静态、动态甚至动态空间视角对绿色技术创新在环境信息披露与经济发展及雾霾污染之间的中介作用进行了实证分析。结果表明，在静态情况下，绿色技术创新部分中介了环境信息披露对经济发展的促进作用以及环境信息披露对雾霾污染的抑制作用。此外，在动态情况下，绿色技术创新完全中介了环境信息披露对经济发展的促进作用，但部分中介了环境信息披露对雾霾污染的抑制作用。进一步地，同时考虑经济发展和雾霾污染等因变量的动态和空间溢出效应时，绿色技术创新在环境信息披露与经济发展及雾霾污染之间的中介作用均未得到支持，而绿色技术创新对雾霾污染的抑制作用仍然成立。研究结果不仅识别了环境信息披露的战略互动，揭示了绿色技术创新在静态和动态情况下在环境信息披露与经济发展及环境污染之间中介作用的有效性，还为中国绿色、可持续和高质量发展提供了理论框架。
