Research On The Influence Mechanism Of Environmental Regulation Policy On Economic Growth

Since the reform and opening up,China has made remarkable achievements in economic and social development.However,the model of quantitative economic growth characterized by factor-driven and investment-driven has caused a lot of problems,such as the oversupply of inferior products,undersupply of premium products,mbalance between low quality supply and high quality demand,while promoting the rapid development of China's economy.The report of the 19th CPC national congress and the central economic work conference in 2017 pointed out that Chinese characteristic socialism has entered a new era,China's economic development has entered a new era,and China's economy has changed from a stage of high-speed growth to a stage of high-quality development.In the new era,it is necessary to strengthen environmental regulation policy,change the mode of economic growth,improve total factor productivity and promote high-quality economic development in order to adapt to the change of China's major social contradiction.However,economic growth and environmental protection are two interrelated aspects of social development.The bias of public policy practice on either side will cause many social problems,neither inadequate environmental regulation nor excessive environmental regulation would contribute to the sustainable development of economy and society.Therefore,it is necessary to identify the internal influence mechanism of environmental regulation policies on economic growth and scientifically grasp the policy strength of environmental regulation in order to design the best environmental regulation policy and promote the high-quality development of China's economy.This paper combines theoretical analysis with empirical test.Firstly,based on the researches by domestic and foreign scholars,this paper analyzes the generative logic of influence mechanism of environmental regulation policy on economic growth from three aspects:intrinsic incentive,extrinsic restrictive and mediation effect.The intrinsic incentive of environmental regulation policies affect on economic growth indicates that the economic effects of environmental regulation policies are endogenous to the value attributes of environmental resources,the dependence of economic growth on the environment and the market failures such as externality,unclear property rights,non-competitive markets,asymmetric information in the environmental field.The extrinsic restrictive of environmental regulation policies affect on economic growth shows that the supply-side structural reform of macroeconomics,green development governance philosophy and local ecological construction practice have created a better political environment for optimizing environmental regulation and transforming the mode of economic growth,but the transaction cost and tool selection will weaken the economic effect.The mediation effect of environmental regulation policies affect on economic growth shows that environmental regulation policy is the result of the game among the government,enterprises,the public and other interest subjects,and the balance between the supporters and opponents of regulation through political pressure will directly affect the effectiveness of environmental regulation policy.At the same time,the formation and development of environmental regulation policies will also promote the formation and development of new economic system and affect the speed or the mode of economic growth.Secondly,the diversity of environmental regulation policies and the complexity of economic problems decide that it is difficult to clarify the relationship between them with a single discipline theory,this paper deeply analyzes the root causes of environmental problems and the feasible regulation methods to promote green economic growth from the multidisciplinary perspective of economics,politics,law,sociology and other disciplines.The results show that in order to effectively resolve the environmental pollution and ecological crisis in the transition period and to promote sustainable economic growth,it is necessary to organically unify the environmental regulation thoughts of different disciplines in combination with China's national condition.On the one hand,relevant knowledge of economics and political science should be used to make it clear that the policy objective of environmental regulation is to solve market failure and government failure in the field of ecological environment at a lower cost as far as possible,and the feasible green fiscal tools to achieve this policy objective.On the other hand,political and legal theories should be used to construct environmental management system,clarify the rights and responsibilities of ecological protection subjects and the transaction rules of environmental market in order to reduce the operating cost of environmental regulation policies.Meanwhile,it is necessary to use knowledge of social interaction theory,social constructivism,social stratification theory and other theories in sociology to optimize the environmental regulation system and enrich the environmental regulation policy tools.Thirdly,this paper analyzes the function routes of environmental regulation policies influence on economic growth from the aspects of technological innovation,industrial structure,FDI and total factor productivity.Specifically,at the micro level,the environmental regulation policies may not only stimulate the technological innovation and improve the production efficiency of enterprises,but also induce the"cost compliance effect",increase the compliance cost of enterprises and inhibit the expansion of production.At the medium level,the environmental regulation policies will affect the country's industrial change and upgrading through affecting industrial competition,industrial location,trade structure,etc.,as well as the total amount and level of a country's foreign trade by influencing FDI location choice,FDI industry distribution and FDI scale.At the macro level,environmental regulation policies will adjust the optimal allocation of resource among different manufacturers,industries,regions and periods through time effect and steric effect,so as to promote the steady improvement of total factor productivity and the sustainable growth of national economy.Fourthly,using the panel data of 30 provinces in China during 2007-2016,this paper constructs panel model,and tests the economic performance of environmental regulatory policies in China with the help of mathematical statistical analysis.Empirical analysis results show that the implementation of environmental regulation policies can promote the technological innovation of enterprises,the change of industrial structure and the improvement of FDI level,but the impact on total factor productivity is still unclear,and different types of environmental regulation policies have great differences in their impacts on economic growth,economic incentive policies have better effects on improve technology innovation level and optimize industrial structure while social participation policies play better roles in attracting FDI and improving total factor productivity.There are also significant differences in the economic performance of the environmental policies among different regions.The technological innovation effect and industrial optimization effect of the eastern region's environmental regulation policies are the best.The FDI absorption effect of the middle region's environmental regulation policies is more significant than that of the other places.The positive impact of the western region's environmental regulation policy on green total factor productivity is the most significant.Finally,according to the results of theoretical analysis and empirical test,this paper summarizes the main conclusions,and put forward policy advices such as persisting list management thinking,clarifying the objectives and mission of environmental regulation,clarifying the mechanism of environmental regulation policy,enriching the types of environmental regulation policy tools,seeking for precise regulation based on regional development status,building environmental information service platform,and helping green with big data.Some practical policy suggestions are put forward to optimize the economic performance of environmental regulation policies and promote the green growth of regional economy in the aspects of color development,promoting supporting reforms in key areas to improve people's livelihood and relieve the pressure of transition,etc,n order to optimize the economic performance of environmental regulation policies and promote the green growth of regional economy.Moreover,the paper also explains the shortcomings of the research and the direction of future improvement from the aspects of sample selection,research content and discourse system in the end.