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.

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

Vloženo: 18. srpen 2022; Revidováno: 14. březen 2023; Přijato: 22. březen 2023; Zveřejněno: 28. červen 2023  Zobrazit citaci

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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
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