The co-integration identification of green innovation efficiency in Yangtze River Delta region

Juying Zeng, Marinko Skare and Juan Lafont

Journal of Business Research, 2021, vol. 134, issue C, 252-262

Abstract: The research innovatively identifies the co-integration of green innovation efficiency and its related determinants for 26 cities in Yangtze River Delta region (YRD) in China during 2011–2017. Specifically, the research firstly measures the green innovation efficiency with super slacks based measure and global Malmquist-Luenberger index. The regional green innovation efficiency experienced a steady growth in YRD during 2011–2017, showing YRD is an ecologically pioneer in China. Secondly, the spatial econometric estimation validated that the green innovation efficiency among YRD cities finally realized regional co-integration in 2017 with spatial evolution. Finally, the expenditures on technology and education are positive determinants of green innovation efficiency in a city directly. GDP per capita is the positive determinant for co-integration of green innovation efficiency; while foreign direct investment, the proportion of expenditure on technology, and education proportion in local fiscal budget are negative determinants for co-integration of green innovation efficiency in YRD.

Keywords: Green innovation efficiency; Co-integration; Super-SBM; Spatial econometrics; Determinants (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:134:y:2021:i:c:p:252-262

DOI: 10.1016/j.jbusres.2021.04.023

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