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ID:
187916
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| Summary/Abstract |
This paper applies data of listed Chinese companies from 2000 to 2017 and a time-varying DID model to examine the effect of the National Development Zones (NDZs) and Provincial Development Zones (PDZs) on green innovation. First, it is found that NDZs can significantly boost companies' green-innovation, while PDZs can slightly inhibit the quality of green innovation. These results still apply even after a series of robustness checks. Second, supply chain finance, environmental regulation, and green finance are three mechanisms through which NDZs exert a beneficial influence on green innovation. In contrast, the negative effects of PDZs stem primarily from lax environmental regulations. Finally, heterogeneity analysis shows that the establishment of NDZs has a significant effect on promoting green innovation in non-resource-based urban enterprises, non-state-owned enterprises, and small-scale enterprises.
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| 2 |
ID:
147436
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| Summary/Abstract |
The practice of development zones has expanded worldwide, yet scholarship persistently disagrees on the role that development zones play in local economic development. With its focus on China, this study contributes to the discussion by exploring the effects of development zones on the economic development of host regions, using both macro-level (all national-level development zones) and meso-level (county- and district-level development zones in Guangdong Province) analyses. Our data analyses of the macro-level reveal that development zones, even though positive in developed regions, do not contribute to economic growth in proportion to their share of land in host cities on the whole. The result is confirmed by the meso-level data analysis that indicates that county- and district-level development zones in Guangdong Province, a developed region in southern China, imposed positive effects on local economies. Therefore we suggest that the Chinese central government should not expand development zones without limits, but carefully consider their location and size in relation to the host regions before approving them.
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