China's environmental protection tax promotes innovation of economic green transformation model
Based on China's inter-provincial panel data,the innovation of environmental protection tax to promote economic green transformation was studied.The results showed that environmental protection tax had a significant effect on green total factor productivity.For green technology innovation,the impact coefficient of market incentive environmental protection tax changes from negative to positive,and the conversion speed was 12.0153.For a green economy,the influence coefficient of command-and-control environmental protection tax and market incentive environmental protection tax changed from negative to positive.In the low zone where the market incentive regulation intensity was lower than the threshold value,with the increase of environmental protection tax intensity,the impact on green technology innovation showed a significant inhibition effect.It was suggested that the intensity of environmental protection tax should be increased moderately and the market incentive environmental protection tax policy should be carried out.In the short term,increasing the intensity of environmental protection tax would harm corporate profits,and the government needed to increase policy support,and implement incentive policies such as green technology research and development subsidies,return of pollution charges,and environmental taxes.On this basis,the company's product production technology innovation,to achieve the purpose of reducing pollution,promotes the green transformation of economic growth.