A Study on the Impact of Financial Self-sufficiency Rate on Regional Green Innovation——Moderating effect based on economic openness
China's economic and social development has entered a high-quality development stage of accelerated green-ing and decarbonization,and improving the level of regional green innovation is crucial to promoting the modernization of harmonious coexistence between human beings and nature.This paper takes the data of 272 prefecture-level cities in China from 2005 to 2021 as a research sample,focuses on the impact of local government financial self-sufficiency rate on regional green innovation,and then explores the important role played by regional economic openness in the relationship between fi-nancial self-sufficiency rate and regional green innovation.The study shows that local government fiscal self-sufficiency rate has a significant positive impact on regional green innovation.The mechanism analysis finds that the fiscal self-sufficiency rate af-fects regional green innovation by acting on the regional human capital level and R&D investment intensity.On average,re-gional economic openness helps to amplify the effect of fiscal self-sufficiency on green innovation,and this phenomenon is more obvious in less developed regions.The heterogeneity test finds that an increase in fiscal self-sufficiency helps to promote all types of green innovation,especially for invention-based green innovation,and that regional economic openness can further increase the output of invention-based green innovation.In this regard,we should actively start from the fiscal revenue and ex-penditure,focus on improving the fiscal self-sufficiency rate,and at the same time pay attention to improving the openness of the economy of China's regions,especially the less developed regions,so as to improve the level of green innovation.
NETL
NSTL
万方数据
