Labor Costs, Market Environment and Green Technological Innovation: Evidence from High-Pollution Firms
| Autor: | Yong-Qiu Wu, Tai-Hua Yan, Feng-Wen Chen, Rui Gong |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
China
Conservation of Natural Resources Time Factors Health Toxicology and Mutagenesis lcsh:Medicine Green development green technological innovation Article Empirical research Inventions 0502 economics and business Humans Industry 050207 economics Emerging markets Industrial organization labor cost Technological change lcsh:R 05 social sciences Public Health Environmental and Occupational Health market environment Environmental Policy firm performance ComputingMilieux_GENERAL Environmental governance Business Market environment Environmental Pollution Monopoly 050203 business & management Labor cost |
| Zdroj: | International Journal of Environmental Research and Public Health Volume 17 Issue 2 International Journal of Environmental Research and Public Health, Vol 17, Iss 2, p 522 (2020) |
| ISSN: | 1660-4601 |
| DOI: | 10.3390/ijerph17020522 |
| Popis: | Emerging economies face the challenge of increasing labor costs but also provide an opportunity to promote environmental governance and green development. Based on the perspectives of impetus and capability, the effects of rising labor costs and market environment on green technological innovation are investigated in this study. The empirical studies used the data of high-pollution firms in China from 2009 to 2018. Results demonstrate that rising labor costs deteriorates high-pollution firm performance, while highly competitive industries are affected more than other industries. Meanwhile, the influence of rising labor costs on green technological innovation has a threshold effect which illustrates an &ldquo inversely U-shaped&rdquo variation trend with the increase of degree of market monopoly. The labor costs will make biggest impact on the green technological innovation in the moderately concentrated market environment. Basing from these results, this study provides the following suggestions for emerging economies&rsquo green development: Take rising labor cost as an opportunity to advance technological progress to the green direction, establish a sound market competition environment, and develop green finance to reduce the financing constraints of green technological innovation. |
| Databáze: | OpenAIRE |
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