Green Technological Innovation Efficiency and Financial Ecological Environment

Abstract

The implementation of green technology innovation is a necessary choice for country to achieve “win-win” between environmental performance and economic performance. In this paper, environmental effects are included in the technology innovation system. Based on the panel data of 30 provinces and municipalities in China from 2006 to 2016, the efficiency of green technology innovation is calculated, and the influence of four sub dimensions of financial ecological environment, government governance, economic basis, financial development, system and integrity culture on green technology innovation is studied. The results show that: the efficiency of green technology innovation in each province in the sample data shows significant spatial autocorrelation, and the overall efficiency of green technology innovation is low. Besides, the financial ecological environment and its components can effectively promote the efficiency of green technology innovation. Furthermore, the control variables per capita GDP, foreign capital introduction and environmental regulation can significantly promote the green improvement of innovation efficiency. Thus, it is critical to furtherly improve the financial ecological environment, and give full play to the efficiency of financial effective service innovation and high-quality development of China’s economy.