Can Environmental Regulation Drive Green Manufacturing?A Theoretical and Empirical Study Based on Dynamic Game Theory
A dynamic game model was used to analyze the logic and conditions of firms'choice of green manufacturing under environmental regulations,and a fixed-effects panel threshold model was built with data from 32 provincial regions in China and 1092 manufacturing listed companies.This paper ex-amines the threshold effect of government environmental regulations on firms'green innovation.It is found that,influenced by green premiums and green costs,there is a positive relationship between re-gional environmental regulations and the development of local green manufacturing.However,this re-lationship is not linear but with a single threshold.Therefore,local governments should provide green subsidies and ensure the sustainability of green supply chain when formulating environmental regula-tions,while encouraging R&D outsourcing and technological transfer,for this would improve the ef-fectiveness and efficiency of green innovation in manufacturing industry,and help manufacturers a-chieve green transformation in a more rapid way.
NETL
NSTL
万方数据
