Research On The Impact Of Trade Liberalization On Enterprise Green Innovation

Under the background of world trade liberalization,with the increase in the types and quantities of imported products,product market competition in different industries in China intensifies.The issue of green trade barriers leads to increased green innovation.One way to break through green trade barriers lies in green innovation.The "14th Five-Year Plan" and the 2035 Long-term Goal Outline emphasize the need to promote green development and promote the harmonious coexistence of man and nature.In order to achieve the goal of "carbon peak" and the vision of "carbon neutrality",China vigorously promotes green industrial policies and promotes green development with green innovation.In addition,green innovation has become a hot topic in the academic and industrial circles.How to find the important factors and influence channels that affect the green innovation of enterprises is an important topic in the current academic community.Based on this,this article uses a combination of theoretical analysis and empirical research to explore the impact of final goods trade liberalization and intermediate goods trade liberalization on corporate green innovation.In the theoretical part,it systematically sorts out the effect mechanism of the final goods trade liberalization and the intermediate goods trade liberalization that affect the green innovation of enterprises.In the empirical part,firstly,it uses the integrated data of green patents,industrial enterprise data,and import tariff data from 1998 to 2013,and adopts fixed-effects panel model,Difference-in-Difference(DID)model,and panel two-stage least squares(2SLS)from the micro-enterprise level.A consistent estimation result is obtained:final goods and intermediate goods trade liberalization can promote enterprise green innovation,and the effect of intermediate goods trade liberalization on enterprise green innovation is stronger than final goods trade liberalization.After a series of tests such as identify hypothesis testing,placebo test,and robustness test,the above conclusions are still valid.Subsequently,from the perspective of enterprise heterogeneity,it is found that trade liberalization had a stronger role in promoting green innovation in foreign-funded enterprises,large-scale enterprises,and high-capital-intensive enterprises.From the perspective of industry heterogeneity,it is discovered that trade liberalization in green industries can promote green innovation of enterprises,and compared with low-technology-intensive industries,trade liberalization in high-technology-intensive industries can promote green innovation of enterprises.Use the intermediary effect model to test the promotion effect of final goods trade liberalization,the cost-saving effect of intermediate goods trade liberalization,and the intermediate mechanism of R&D incentive effect.Finally,it summarizes the empirical results and puts forward reasonable policy recommendations.