The Impact of Multidimensional Environmental Regulations on Green Technology Innovation
Establishing a robust environmental regulation system is crucial for continuously stimulating the dynamics and vitality of green technology innovation and serves as a foundational support for advancing ecological civilization.This study employs various econometric methods to examine the impact of multidimensional environmental regulations on green technology innovation.The results indicate that command-and-control regulations,market-based incentives,and voluntary participation schemes have significant positive effects on green technology innovation.From a spatial perspective,multidimensional environmental regulations exhibit considerable spatial spillover effects,significantly promoting both local and external green technology innovation development.Furthermore,compared to single regulatory approaches,multidimensional regulations are more effective in fostering collaborative improvements in green technology innovation.Heterogeneity tests reveal that command-and-control regulations are more effective in economically underdeveloped regions,whereas market-based incentives and voluntary participation are more pronounced in eastern regions.Reducing regional disparities in the intensity of market-based incentives and voluntary participation will help narrow the gap in green technology innovation across different areas.In the eastern region,establishing an environmental regulation system primarily based on market incentives and voluntary participation,while focusing on command-and-control mechanisms in central,western,and northeastern regions,can stimulate positive effects on green technology innovation and promote its development.