The Impact of Market-based Allocation of Factors on the Efficiency of Green Innovation in High-tech Industries
Selecting panel data from 30 provinces in China from 2012 to 2021,the paper examined the impact of market-oriented allo-cation of factors on green innovation efficiency in high-tech industries.The results show that market-oriented allocation of factors can significantly improve the efficiency of green innovation in high-tech industries.And after a series of robustness tests,this conclusion is still valid.The intermediary effect results indicate that market-oriented allocation of factors can improve the efficiency of green innova-tion in high-tech industries by promoting the flow of human capital and promoting the upgrading of industrial structure.The heterogeneity test reveal that the influence of market-oriented allocation of factors on the green innovation efficiency of high-tech industries is more significant in the eastern and central regions,resource endowment regions and high urbanization level.The spatial effect test show that the market-oriented allocation of factors has a significant positive spatial spillover effect on the green innovation efficiency of high-tech industries.Accordingly,governments at all levels should deepen the reform of market-oriented allocation of factors,stimulate the green innovation vitality of high-tech industries,accelerate the upgrading of industrial structure,and promote the construction of a unified na-tional factor market.In addition,the government should formulate a differentiated allocation policy of factors and break down barriers to the circulation of factors between regions,in order to help improve the efficiency of green innovation in high-tech industries.
万方数据
维普
