Fiscal Pressure,the Quality of Green Technological Innovation,and Knowledge Balance
In recent years,governments at all levels in China have encountered significant fiscal pressures,stemming from various economic and social factors.These pressures are expected to persist and even intensify in the future,particularly as social security expenditures,such as pensions and medical care,continue to rise.Against this backdrop,green technological innovation,characterized by both"environmental protection"and"development"attributes,emerges as a crucial strategy for achieving synergistic progress in pollution reduction,carbon mitigation,green economic expansion,and sustainable growth.Despite its importance,existing literature exploring the intricate relationship between fiscal pressure and green technological innovation remains limited.Specifically,there is a notable gap in in-depth research that elucidates the impact mechanism of fiscal pressure on green technological innovation.This lack of understanding hinders effective policy formulation and implementation aimed at fostering high-quality green innovation.To bridge this knowledge gap,this paper delves into the relationship between fiscal pressure and the quality of green technological innovation,drawing insights from the IPC Green List.By identifying green patents issued by the State Intellectual Property Office,this paper employs the methodology proposed by Zhang and Zheng(2018)to measure innovation quality based on patent information.This approach allows us to calculate the quality of green technological innovation for each provincial-level region in China.From a knowledge-centric perspective,this paper meticulously examines the specific mechanisms through which fiscal pressure influences green technological innovation quality.The empirical findings reveal that on the whole,an increase in fiscal pressure tends to hinder the improvement of green technological innovation quality.This conclusion remains robust even after alternative measurement methods for the explained variables are adopted,special samples are eliminated,and interactive fixed effects are introduced.Constructing a mediating effect model,this paper uncovers two distinct mechanisms by which fiscal pressure impacts the quality of green innovation:one by altering innovation preferences and another by influencing the breadth of knowledge.These mechanisms operate in tandem to suppress the quality of green technological innovation.Further analysis underscores that the transmission paths of fiscal pressure are not isolated but intertwined.Specifically,fiscal pressure first influences innovation preferences,which then affect the breadth of knowledge,ultimately inhibiting the quality of green technological innovation.Additionally,this paper utilizes the moderated chain mediation model to assess the moderating role of knowledge balance across different paths.The results provide valuable insights into how regional knowledge balance can moderate the negative effects of fiscal pressure on green technological innovation quality.Compared to previous literature,this paper contributes to the field in two significant ways.Firstly,grounded in the reality of"pressure-type"governance in China,it explores the influence mechanism of fiscal pressure on green technological innovation quality from both innovation preference and knowledge breadth perspectives.Secondly,by employing the moderating effect model and the moderating chain mediation model,it systematically examines the moderating role of regional knowledge balance,thereby deepening our understanding of the mechanisms through which fiscal pressure impacts regional green innovation quality.The policy implications of this study are profound.Firstly,establishing a robust supervision mechanism and achievement evaluation and protection mechanism is crucial to enhance the willingness and quality of innovation among stakeholders.Secondly,to mitigate the adverse effects of fiscal pressure,it is imperative to forge a fiscal relationship that balances financial power with administrative authority,thereby harnessing the leverage effect of fiscal policy,effectively.Lastly,fostering a healthy talent flow and exchange mechanism can leverage the comparative advantages of various regions in innovation and creativity,ultimately contributing to the overall quality of green technological advancements.
fiscal pressuresthe quality of green technological innovationchain mediation model with moderation
万方数据
维普
