Prague Economic Papers 2023, 32(3):292-319 | DOI: 10.18267/j.pep.833

Green Technology Innovation and High-Quality Economic Development: Spatial Spillover Effect

Shaorui Xu ORCID...a, Yang Chen ORCID...b, Oleksii Lyulyov ORCID...c, Tetyana Pimonenko ORCID...c
a Xiangtan University, Business College, Xiangtan, P. R. China
b Fujian Normal University, School of Economics, Fuzhou, P. R. China
c Sumy State University, Sumy, Ukraine

Against the background of green development, green technology innovation is an important driving force for high-quality economic development. Countries are facing energy shortages, environmental deterioration and other issues that limit high-quality economic development by extending green technology innovation. The study aims to investigate the impact of green technology innovation and its spillover effect on high-quality economic development. For this purpose, the study applies panel data on 30 provinces in China from 2010 to 2019 to construct a spatial Durbin model. The study finds that green technology innovation in the region plays a positive role in promoting high-quality economic development. The findings show that green technology innovation in the Eastern Region could promote high-quality economic development. Nevertheless, the role of the Central and Western Regions is not significant and negative. Green technology innovation in the Central and Eastern Regions shows a significant positive role in promoting the high-quality economic development level of the surrounding areas. However, spillover effects in the Western Region are not obvious.

Keywords: Green technology, green growth, sustainable development, economic growth, innovation
JEL classification: O13, O44, P28, Q2, Q5

Received: August 18, 2022; Revised: March 14, 2023; Accepted: March 22, 2023; Published: June 28, 2023  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Xu, S., Chen, Y., Lyulyov, O., & Pimonenko, T. (2023). Green Technology Innovation and High-Quality Economic Development: Spatial Spillover Effect. Prague Economic Papers, 32(3), 292-319. doi: 10.18267/j.pep.833
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. 19th People's Congress of the Communist Party of China. (2017). Available on: http://english.www.gov.cn/19thcpccongress/ (accesses on 10 June 2022)
    2. Acemoglu, D., Gancia, G., Zilibotti, F. (2012). Competing Engines of Growth: Innovation and Standardisation. Economic Theory, 147(2), 570-601. Go to original source...
    3. Andros, S., Akimov, O., Akimova, L., Chang, S., Gupta, S. K. (2021). Scenario Analysis of the Expected Integral Economic Effect from an Innovative Project. Marketing and Management of Innovations, 3, 237-251. http://doi.org/10.21272/mmi.2021.3-20 Go to original source...
    4. Anselin, L. (1995). Local Indicators of Spatial Association - LISA. Geographical Analysis, 27(2), 93-115. Go to original source...
    5. Ariken, M., Zhang, F., Liu, K., Fang, C., Kung, H. T. (2020). Coupling Coordination Analysis of Urbanisation and Eco-Environment in Yanqi Basin Based on Multisource Remote Sensing Data. Ecological Indicators, 114, 106331. https://doi.org/10.1016/j.ecolind.2020.106331 Go to original source...
    6. Artyukhov, A., Lyeonov, S., Vasylieva, T., Polcyn, J. (2021). Quality of Education and Socioeconomic Growth: The Methods of Ishikawa, Deming and Pareto as Tools for Establishing Cause-effect Relationships. Paper presented at the E3S Web of Conferences, 307. https://doi:10.1051/e3sconf/202130706004 Go to original source...
    7. Asadi, S., Pourhashemi, S. O., Nilashi, M., Abdullah, R., Samad, S., Yadegaridehkordi, E., Razali, N. S. (2020). Investigating Influence of Green Innovation on Sustainability Performance: A Case on Malaysian Hotel Industry. Journal of Cleaner Production, 258, 120860. https://doi:10.1016/j.jclepro.2020.120860 Go to original source...
    8. Ayub Khan, A., Laghari, A. A., Shaikh, Z. A., Dacko-Pikiewicz, Z., Kot, S. (2022). Internet of Things (IOT) Security with Blockchain Technology: A State-Of-The-Art Review. IEEE Access, 10, 122679-122695. https://doi:10.1109/ACCESS.2022.3223370 Go to original source...
    9. Bekhti, D., Bakbak, L. I., Bouchetara, M. (2022). The Impact of Stockmarket Development on Economic Growth in Singapore. Econometric Study Based on an Autoregressive Distribution Lag (ARDL) Model Covering the Period From 1990 to 2020. Financial Markets, Institutions and Risks, 6(3), 49-63. https://doi.org/10.21272/fmir.6(3).49-63.2022 Go to original source...
    10. Braun, E., Wield, D. (1994). Regulation as a Means for the Social Control of Technology. Technology Analysis & Strategic Management, 6(3), 259-272. Go to original source...
    11. Chen, J. (2020). Transportation Infrastructure Construction, Environmental Pollution, and Regional Economic Growth. East China Economic Management, 34(09), 72-79.
    12. Chen, L., Ye, W., Huo, C., James, K. (2020). Environmental Regulations, the Industrial Structure, and High-Quality Regional Economic Development: Evidence from China. Land, 9(12), 517. Go to original source...
    13. Chen, Z., Zheng, J. (2022). Can Green Technology Innovation Promote High-Quality Regional Economic Development? - On the Selective Effects of Environmental Policy. Contemporary Economic Science, 1-21.
    14. China Statistical Yearbook. (2021). Available on: http://www.stats.gov.cn/tjsj/ndsj/2021/indexeh.htm (accessed on 10 June 2022).
    15. Chinese Employment Statistics Yearbook. (2021). Available on: https://www.chinayearbooks.com/china-population-and-employment-statistics-yearbook-2021.html (accessed on 10 June 2022).
    16. Chygryn, O., Bilan, Y., Kwilinski, A. (2020). Stakeholders of Green Competitiveness: Innovative Approaches for Creating Communicative System. Marketing and Management of Innovations, 3, 358-370. https://doi.org/10.21272/mmi.2020.3-26 Go to original source...
    17. Chygryn, O., Krasniak, V. (2015). Theoretical and Applied Aspects of the Development of Environmental Investment in Ukraine. Marketing and Management of Innovation, 3, 226-234.
    18. Claudia, G., Klaus, R. (2014). Environmental Innovations and Profitability: How Does It Pay To Be Green? An Empirical Analysis of The German Innovation Survey. Journal of Cleaner Production, 75, 106-117. Go to original source...
    19. Dong, Z., Wang, H. (2019). Environmental Regulations "Local - Neighbours" the Effect of Green Technology Progress. China's Industrial Economy, 01, 100-118. Go to original source...
    20. Dzwigol, H. (2022). Research Methodology in Management Science: Triangulation. Virtual Economics, 5(1), 78-93. https://doi.org/10.34021/ve.2022.05.01(5) Go to original source...
    21. Environment and Yearbook of each province, http://www.stats.gov.cn/tjsj/ndsj/2020/indexeh.htm (accessed 10 January 2022).
    22. Gajdzik, B., Sroka, W. (2021). Resource Intensity Vs. Investment in Production Installations - The Case of the Steel Industry on Poland. Energies, 14(2), 443. https://doi:10.3390/en14020443 Go to original source...
    23. Gavkalova, N., Lola, Y., Prokopovych, S., Akimov, O., Smalskys, V., Akimova, L. (2022). Innovative Development of Renewable Energy During the Crisis Period and Its Impact on the Environment. Virtual Economics, 5(1), 65-77. https://doi.org/10.34021/ve.2022.05.01(4) Go to original source...
    24. Ge, B., Yang, Y., Jiang, D., Gao, Y., Du, X., Zhou, T. (2018). An Empirical Study on Green Innovation Strategy and Sustainable Competitive Advantages: Path and Boundary. Sustainability, 10(10), 3631. https://doi.org/10.3390/su10103631 Go to original source...
    25. Gentle, P. (2022). Some Economic Issues concerning the Loss of the Special Status Relationship between the United States and Hong Kong. SocioEconomic Challenges, 6(2), 67-82. https://doi.org/10.21272/sec.6(2).67-82.2022 Go to original source...
    26. Ginevičius, R., Szczepańska-Woszczyna, K., Szarucki, M., Stasiukynas, A. (2021). Assessing Alternatives to the Development of Administrative-Economic Units Applying the Fare-M Method. Administratie Si Management Public, 2021(36), 6-24. https://doi.org/10.24818/AMP/2021.36-01 Go to original source...
    27. He, Z., Wang, F., Wang, Z., Hou, Y. (2021). Green Technology Innovation, Financial Threshold and High-Quality Economic Development - Based on the Empirical Evidence of The Yangtze River Economic Belt. Statistics and Decision-making, 37(19), 116-120.
    28. Jia, J., Zhang, W. (2014). Analysis of Path Dependence and Environmental Regulation Impact in Green Technology Innovation. Science of Science and Management of Science and Technology, 35(05), 44-52.
    29. Kuzior, A. (2022). Technological Unemployment in the Perspective of Industry 4.0. Virtual Economics, 5(1), 7-23. https://doi.org/10.34021/ve.2022.05.01(1) Go to original source...
    30. Kuzior, A., Kwilinski, A., Tkachenko, V. (2019). Sustainable Development of Organisations Based on The Combinatorial Model of Artificial Intelligence. Entrepreneurship and Sustainability Issues, 7(2), 1353-1376, https://doi.org/10.9770/jesi.2019.7.2(39) Go to original source...
    31. Kwilinski, A., Dielini, M., Mazuryk, O., Filippov, V., Kitseliuk, V. (2020). System Constructs for the Investment Security of a Country. Journal of Security and Sustainability Issues, 10(1), 345-358. https://doi.org/10.9770/jssi.2020.10.1(25) Go to original source...
    32. Kwilinski, A., Tkachenko, V., Kuzior, A. (2019). Transparent Cognitive Technologies to Ensure Sustainable Society Development. Journal of Security and Sustainability Issues, 9(2), 561-570, https://doi.org/10.9770/jssi.2019.9.2(15) Go to original source...
    33. Lahouirich M. W., El Amri, A., Oulfarsi S., Sahib Eddine, A., El Bayed Sakalli H., Boutti, R. (2022). From Financial Performance to Sustainable Development: A Great Evolution and an Endless Debate. Financial Markets, Institutions and Risks, 6(1), 68-79. https://doi.org/10.21272/fmir.6(1).68-79.2022 Go to original source...
    34. Li, M., Gao, X. (2022). Implementation of Enterprises' Green Technology Innovation under Market-Based Environmental Regulation: An Evolutionary Game Approach. Journal of Environmental Management, 308, 114570. https://doi.org/10.1016/j.jenvman.2022.114570 Go to original source...
    35. Lyeonov, S., Vasilyeva, T., Bilan, Y., Bagmet, K. (2021). Convergence of the Institutional Quality of the Social Sector: The Path to Inclusive Growth. International Journal of Trade and Global Markets, 14(3), 272-291. https://doi.org/10.1504/IJTGM.2021.115712 Go to original source...
    36. Moran, P. A. (1950). Notes on Continuous Stochastic Phenomena. Biometrika, 37(1/2), 17-23. Go to original source...
    37. Moskalenko, B., Lyulyov, O., Pimonenko, T. (2022). The Investment Attractiveness of Countries: Coupling between Core Dimensions. Forum Scientiae Oeconomia, 10(2), 153-172. https://doi.org/10.23762/FSO_VOL10_NO2_8 Go to original source...
    38. National Bureau of Statistics of China (2022). Available on: http://www.stats.gov.cn/english/Statisticaldata/AnnualData/ (accessed on 10 June 2022).
    39. Oe, H., Yamaoka, Y., Duda, K. (2022). How to Sustain Businesses in the Post-COVID-19 Era: A Focus on Innovation, Sustainability and Leadership. Business Ethics and Leadership, 6(4), 1-9. https://doi.org/10.21272/bel.6(4).1-9.2022 Go to original source...
    40. Oláh, J., Hidayat, Y. A., Dacko-Pikiewicz, Z., Hasan, M. M., Popp, J. (2021). Interorganisational Trust on Financial Performance: Proposing Innovation as a Mediating Variable to Sustain in a Disruptive Era. Sustainability (Switzerland), 13(17). https://doi.org/10.3390/su13179947 Go to original source...
    41. Peng, W., Yin, Y., Kuang, C., Wen, Z., Kuang, J. (2021). Spatial Spillover Effect of Green Innovation on Economic Development Quality in China: Evidence from a Panel Data of 270 Prefecture-Level and Above Cities. Sustainable Cities and Society, 69, 102863. https://doi.org/10.1016/j.scs.2021.102863 Go to original source...
    42. Samad, G., Manzoor, R. (2011). Green Growth: An Environmental Technology Approach. The Pakistan Development Review, 50(4), 471-490. http://www.jstor.org/stable/23617713 Go to original source...
    43. Shen, W., Xia, W., Li, S. (2022). Dynamic Coupling Trajectory and Spatial-Temporal Characteristics of High-Quality Economic Development and the Digital Economy. Sustainability, 14(8), 4543. Go to original source...
    44. Shpak, N., Melnyk, O., Horbal, N., Ruda, M., Sroka, W. (2021). Assessing the Implementation of the Circular Economy in the EU Countries. Forum Scientiae Oeconomia, 9(1), 25-39. https://doi.org/10.23762/FSO_VOL9_NO1_2 Go to original source...
    45. Sotnyk, I., Shvets, I., Momotiuk, L., Chortok, Y. (2018). Management of Renewable Energy Innovative Development in Ukrainian Households: Problems of Financial Support. Marketing and Management of Innovations, 4, 150-160. http://doi.org/10.21272/mmi.2018.4-14 Go to original source...
    46. Statistical Yearbooks of Science and Technology, https://www.chinayearbooks.com/tags/china-statistical-yearbook-on-science-and-technology (accessed 10 January 2022).
    47. Sun, C., Wang, Z., Liu, J. (2021). Research on the Coupling between Green Technology Innovation and the Development of Green Financial System. Financial Theory and Practice, 10, 22-33.
    48. Titko, J., Lapina, I., Lentjušenkova, O. (2021). Measuring of Intellectual Capital Investments in Higher Education: Case of Latvia. International Journal of Quality and Service Sciences, 13(4), 601-617. https://doi.org/10.1108/IJQSS-05-2020-0071 Go to original source...
    49. Tovar, B., Martín-Cejas, R. R. (2010). Technical Efficiency and Productivity Changes in Spanish Airports: A Parametric Distance Functions Approach. Transportation Research Part E: Logistics and Transportation Review, 46(2), 249-260. Go to original source...
    50. Vekic, A., Djakovic, V., Borocki, J., Sroka, W., Popp, J., Oláh, J. (2020). The Importance of Academic New Ventures for Sustainable Regional Development. Amfiteatru Economic, 22(54), 533-550. https://doi.org/10.24818/EA/2020/54/533 Go to original source...
    51. Verina, N., Titko, J., Shina, I. (2021). Digital Transformation Outcomes in Higher Education: Pilot Study in Latvia. International Journal of Learning and Change, 13(4-5), 459-473. https://doi.org/10.1504/IJLC.2021.116661 Go to original source...
    52. Wang, M., Li, Y., Cheng, Z., Zhong, C., Ma, W. (2021). Evolution and Equilibrium of a Green Technological Innovation System: Simulation of a Tripartite Game Model. Journal of Cleaner Production, 278, 123944. Go to original source...
    53. Wang, Q., Qu, J., Wang, B., Wang, P., Yang, T. (2019). Green Technology Innovation Development in China in 1990-2015. Science of the Total Environment, 696, 134008. Go to original source...
    54. Wang, S. K. (2013). Types and Selection of Weight Matrix in Spatial Econometric Model. Economic Mathematics, 30, 57-63.
    55. Wang, S., Cheng, N., Wei, C. (2021). The Spatial Spillover Effects of Green Technology Innovation and Carbon Productivity - Research on the Regulatory Role Based on Government Support. Management Modernisation, 41(05), 87-92.
    56. Weng, H. H., Chen, J. S., Chen, P. C. (2015). Effects of Green Innovation on Environmental and Corporate Performance: A Stakeholder Perspective. Sustainability, 7(5), 4997-5026 http://dx.doi.org/10.3390/su705499 Go to original source...
    57. Yan, Y., Qi, S. (2017). FDI Fogs Chinese Cities (PM_(2.5)) Spatiotemporal Effects of Pollution. Chinese Mouthful - Resources and Environment, 27(04), 68-77.
    58. Yang, Y., Su, X., Yao, S. (2021). Nexus Between Green Finance, Fintech, and High-Quality Economic Development: Empirical Evidence from China. Resources Policy, 74, 102445. Go to original source...
    59. Zeng, S., Li, G., Wu, S., Dong, Z. (2022). The Impact of Green Technology Innovation on Carbon Emissions in the Context of Carbon Neutrality in China: Evidence from Spatial Spillover and Nonlinear Effect Analysis. International Journal of Environmental Research and Public Health, 19(2), 730. https://doi.org/10.3390/ijerph19020730 Go to original source...
    60. Zeynalli, L., Huseynli, G., Huseynli, M. (2022). The Impact of the Innovation on the Economy: An Empirical Analysis for Azerbaijan. SocioEconomic Challenges, 6(4), 21-33. https://doi.org/10.21272/sec.6(4).21-33.2022 Go to original source...
    61. Zhang, Q. (2015). An Empirical Study on the Impact of Environmental Regulation on Green Technology Innovation - Provincial Panel Data Analysis Based on Policy Differentiation Perspective. Industrial Technology Economy, 34(07), 10-18.
    62. Zhou, X., Yu, Y., Yang, F., Shi, Q. (2021). Shi, Spatial-temporal Heterogeneity of Green Innovation in China. Journal of Cleaner Production, 282, 124464. https://doi.org/10.1016/j.jclepro.2020.124464 Go to original source...
    63. Zhu, Y., Xiao, S. (2021). Industrial Enterprises Green Technology Innovation, Industrial Structure Optimisation and High-Quality Economic Development. Statistics and Decision-making, 37(19), 111-115.

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content