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Published in last 1 year |  In last 2 years |  In last 3 years |  All Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select The Trade of Domestic Value Chain and Regional Green Development Gap Wang Yu-yan, Tu Ming-hui Contemporary Finance & Economics    2025, 0 (8): 112-126.   Abstract （15）            Knowledge map    Save Recently, the overall level of green development in China has been improved. However, the persistent issue of regional disparities in green development remains a pressing challenge. This paper employs the Non-Radial Directional Distance Function (NDDF) model and the interregional input-output tables to measure the level of green development and the rate of value added in domestic value chain trade respectively. Then it pairs the provincial regional data to empirically study the impact of domestic value chain trade on regional disparities in green development. The findings show that domestic value chain trade can significantly narrow the regional green development gap, primarily driven by the“green catching-up”effect in less developed regions. The convergence effect of domestic value chain trade on regional disparities in green development is more pronounced within the eastern and central-western regions, and it becomes stronger when the gaps in regional division of labor status and green development levels are larger. The mechanism analysis indicates that knowledge network spillovers, industrial structure optimization, and green technology innovation are key pathways through which domestic value chain trade reduces regional green development disparities. Further research reveals that new infrastructure construction can amplify the green convergence effect of domestic value chain trade. Under the new“dual circulation”development paradigm, it is essential to leverage domestic circulation channels to strengthen the cross-regional division of labor and the collaboration in industrial and supply chains. By fully harnessing the driving role of domestic value chain trade in regional green development, a new pattern of coordinated digital and green development can be established. Reference | Related Articles | Metrics | Comments（0） Select Research on the Impact of Collaborative Environmental Regulation between Government and the Public on Urban Green Innovation Lei Xu-bin, Wang Liang-jian Contemporary Finance & Economics    2025, 0 (8): 127-138.   Abstract （15）            Knowledge map    Save Against the backdrop of accelerating global green transition, promoting green innovation has become a key path to achieve high-quality and sustainable economic development, and the collaborative environmental regulation by the government and the public is emerging as an important driving force for urban green innovation. Based on the data from 282 cities in China spanning from 2011 to 2023, this study employs a coupling coordination degree model to measure the level of collaborative environmental regulation between the government and the public, and explores the impact of such collaboration on urban green innovation. The research results indicate that the collaborative environmental regulation between the government and the public can promote urban green innovation. This collaborative regulation can drive urban green innovation by influencing corporate green strategies. Intellectual property protection and digital government construction can enhance the promotional effect of collaborative environmental regulation between the government and the public on urban green innovation. The promotional effect of the collaborative environmental regulation between the government and the public on urban green innovation is more prominent in cities with a lower proportion of the secondary industry, a higher proportion of the tertiary industry, and greater government expenditure on science and technology. Therefore, all regions should improve the collaborative environmental regulation mechanism between the government and the public, strengthen intellectual property protection and digital government construction, optimize industrial structure, and increase investment in science and technology, in order to promote urban green innovation and drive green development across the entire society. Reference | Related Articles | Metrics | Comments（0） Select Has Stricter Pollution Discharge Standard Triggered the Porter Effect? Micro-Evidences from Chinese Water Polluting Enterprises GUO Yu-hui, WU Han-ran, ZHANG Zheng Contemporary Finance & Economics    2023, 0 (1): 108-119.   Abstract （155）            Knowledge map    Save The discharge standard of pollutants is the basic tools of environmental regulation, whose dynamic update process of“replacing old with new, replacing loose with strict”is the main driving force for the green transformation of China's manufacturing industry. This paper manually collects the information of 60 industrial water pollutant discharge standards issued in China from 2005 to 2013 and makes use of the micro-data of Chinese water polluting enterprises at the same period to conduct an empirical study on whether stricter standards can promote enterprise green total factor productivity and trigger the Porter effect by employing the multi-phase DID method. The findings show that the green total factor productivity of enterprises increased by an average of 2.28% after the improvement of the standards and that this impact is more significant in the enterprises with high pressure to meet the standards, in the enterprises with strong financing capacity and in the regions with strong law enforcement. The results of the mechanism analysis show that enterprises can achieve green transformation through the materialized technological advances contained in equipment upgrading and rebuilding and the improvement of resources utilization efficiency and management efficiency. Besides, although stricter standards failed to increase the number of green patent applications of enterprises, they significantly improved the patents quality of the enterprises. At the same time, the technological transformation needs of the affected industries would indirectly induce the green patent research and development in the upstream equipment manufacturing industry, which means that the Porter effect overflows into the upstream industries. Reference | Related Articles | Metrics | Comments（0） Select How Does Regional Integration in China Affect Carbon Emission Efficiency? XU Bin, KE Da, LIU Yang-qian-yu Contemporary Finance & Economics    2023, 0 (1): 120-131.   Abstract （107）            Knowledge map    Save Based on the data of 30 provinces in China except Tibet, Taiwan Province, Hong Kong and Macao Special Administrative Regions from 2003 to 2019, this paper uses the Super SBM model with unexpected output to measure the carbon emission efficiency of each province, constructs the comprehensive level indicator of regional integration by making use of the integration level of the commodity markets, the labor markets and the financial markets, and analyzes the impact of regional integration, industrial structure advancement, fiscal expenditure scale and the interaction between regional integration and the latter two on carbon emissions efficiency and its spatial effect. The findings show that regional integration is conducive to improving carbon emission efficiency, and this effect will be positively regulated by the advancement of industrial structure and negatively regulated by the scale of financial expenditure; the advancement of industrial structure is conducive to improving carbon emission efficiency, while the expansion of financial expenditure is not conducive to improving carbon emission efficiency, if the level of industrial structure is too low or the scale of financial expenditure is too large, there is a sub optimal strategy to improve carbon emission efficiency by reducing the level of regional integration; regional integration can promote the carbon emission efficiency of adjacent provinces, but this spillover effect is also subject to the positive regulation of industrial structure advancement and the negative regulation of fiscal expenditure scale. Therefore, we should continue to promote the upgrading of industrial structure to ensure and strengthen the role of regional integration in promoting carbon emission efficiency. While stimulating the vitality of market players, the government should also be proactive and promising, allocate more financial expenditure in environmental protection investment, focus on cultivating local competitive industries, and actively implement the regional integration strategy. And the carbon emission policy must focus on regional coordinated development. Reference | Related Articles | Metrics | Comments（0）