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

Shaorui Xu, Yang Chen, Oleksii Lyulyov and Tetyana Pimonenko

Prague Economic Papers, 2023, vol. 2023, issue 3, 292-319

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: O13 O44 P28 Q2 Q5 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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DOI: 10.18267/j.pep.833

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