The Chinese Green Development Model: Public Procurement and Corporate Green Innovation

Huang Jicheng, Zhu Guangshun

The Journal of World Economy ›› 2023, Vol. 46 ›› Issue (11) : 54-78.

PDF(1227 KB)
PDF(1227 KB)
The Journal of World Economy ›› 2023, Vol. 46 ›› Issue (11) : 54-78.

The Chinese Green Development Model: Public Procurement and Corporate Green Innovation

  • Huang Jicheng, Zhu Guangshun
Author information +
History +

Abstract

Green innovation is the core driving force behind development that accelerates the transformation of the economic structure towards sustainability. As the largest single consumer in the market, can the government effectively promote green innovation at the corporate level from the demand side? Drawing on data from public procurement orders and green patents of listed firms from between 2015 and 2020, this paper empirically studies the actual impact and mechanism of public procurement on corporate green innovation. The results indicate that public procurement significantly triggers green innovation in firms. In terms of the action mechanism, public procurement emphasises green consumption and production and promotes green innovation through threats of procurement disruption and improved government oversight and support. Patent-type evidence suggests that public procurement primarily promotes substantive innovation and can significantly improve corporate social performance in the form of environmental, social and governance (ESG) criteria. This paper provides Chinese evidence of green development through public procurement aimed at promoting green innovation. The findings of this paper are an important reference point for the formulation of public procurement policies.

Key words

public procurement / green consumption / green innovation / green development

Cite this article

EndNote

Ris (Procite)

Bibtex

Download Citations
Huang Jicheng, Zhu Guangshun. The Chinese Green Development Model: Public Procurement and Corporate Green Innovation[J]. The Journal of World Economy, 2023, 46(11): 54-78

References

陈诗一、陈登科(2018):《雾霾污染、政府治理与经济高质量发展》,《经济研究》第2期.
窦超、袁满、陈晓(2020):《政府背景大客户与审计费用——基于供应链风险传递视角》,《会计研究》第3期.
韩旭、武威(2021):《政府采购能够促进企业履行社会责任吗——基于精准扶贫视角》,《会计研究》第6期.
姜爱华、费堃桀(2021):《政府采购、高管政府任职经历对企业创新的影响》,《会计研究》第9期.
黎文靖、郑曼妮(2016):《实质性创新还是策略性创新?——宏观产业政策对微观企业创新的影响》,《经济研究》第4期.
李青原、肖泽华(2020):《异质性环境规制工具与企业绿色创新激励——来自上市企业绿色专利的证据》,《经济研究》第9期.
李维安、张耀伟、郑敏娜、李晓琳、崔光耀、李惠(2019):《中国上市公司绿色治理及其评价研究》,《管理世界》第5期.
梁平汉、郭宇辰(2023):《中国政府采购公告数据的使用和潜在问题》,《产业经济评论》第1期.
刘金科、肖翊阳(2022):《中国环境保护税与绿色创新:杠杆效应还是挤出效应?》,《经济研究》第1期.
齐绍洲、林屾、崔静波(2018):《环境权益交易市场能否诱发绿色创新?——基于我国上市公司绿色专利数据的证据》,《经济研究》第12期.
孙薇、叶初升(2023):《政府采购何以牵动企业创新——兼论需求侧政策“拉力”与供给侧政策“推力”的协同》,《中国工业经济》第1期.
陶锋、赵锦瑜、周浩(2021):《环境规制实现了绿色技术创新的“增量提质”吗——来自环保目标责任制的证据》,《中国工业经济》第2期.
王永贵、李霞(2023):《促进还是抑制:政府研发补助对企业绿色创新绩效的影响》,《中国工业经济》第2期.
武威、刘国平、张琦(2022):《授之以渔:政府采购与中国特色精准扶贫》,《世界经济》第8期.
谢红军、吕雪(2022):《负责任的国际投资:ESG与中国OFDI》,《经济研究》第3期.
许晨曦、金宇超(2021):《放权改革、金字塔结构与地方国有企业安全生产》,《世界经济》第7期.
Bai Y.; Song S.; Jiao J. and Yang, R. “The Impacts of Government R&D Subsidies on Green Innovation: Evidence from Chinese Energy-intensive Firms.” Journal of Cleaner Production,2019, 233, pp.819–829.
Banerjee S.; Dasgupta S. and Kim Y. “Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure.” Journal of Finance,2008, 63(5), pp.2507–2552.
Baron R.“The Role of Public Procurement in Low-Carbon Innovation.” Background Paper for the 33rd Round Table on Sustainable Development. OECD, 2016.
Beraja M.; Yang D. Y. and Yuchtman N.“Data-intensive Innovation and the State: Evidence from AI Firms in China.”Review of Economic Studies, 2022.
Blackman A.; Li Z. and Liu, A. A. “Efficacy of Command-and-control and Market-Based Environmental Regulation in Developing Countries.” Annual Review of Resource Economics,2018, 10, pp.381–404.
Caravella, S. and Crespi, F. “The Role of Public Procurement as Innovation Lever: Evidence from Italian Manufacturing Firms.” Economics of Innovation and New Technology, 2021, 30(7), pp.663–684.
Caravella, S. and Crespi, F. “Unfolding Heterogeneity: The Different Policy Drivers of Different Eco-Innovation Modes.” Environmental Science & Policy, 2020, 114, pp.182–193.
Chan L. H.; Chen K. C. W.; Chen T. Y. and Yu, Y. “The Effects of Firm-Initiated Clawback Provisions on Earnings Quality and Auditor Behavior.” Journal of Accounting and Economics,2012, 54(2–3), pp.180–196.
Chen Z.; Kahn M. E.; Liu Y. and Wang, Z. “The Consequences of Spatially Differentiated Water Pollution Regulation in China.” Journal of Environmental Economics and Management,2018, 88, pp.468–485.
Cohen D.; Li B.; Li N. and Lou, Y. “Major Government Customers and Loan Contract Terms.” Review of Accounting Studies,2022, 27(1), pp.275–312.
Czarnitzki D.; Hünermund P. and Moshgbar N.“Public Procurement of Innovation: Evidence from a German Legislative Reform.”International Journal of Industrial Organization, 2020, 71, 102620.
Dai R.; Liang H. and Ng, L. “Socially Responsible Corporate Customers.” Journal of Financial Economics,2021, 142(2), pp.598–626.
Dalpé R.; DeBresson C. and Xiaoping, H. “The Public Sector as First User of Innovations.” Research Policy,1992, 21(3), pp.251–263.
Dhaliwal D.; Judd J. S.; Serfling M. and Shaikh, S. “Customer Concentration Risk and the Cost of Equity Capital.” Journal of Accounting and Economics,2016, 61(1), pp.23–48.
Edler, J. and Georghiou, L. “Public Procurement and Innovation——Resurrecting the Demand Side.” Research Policy, 2007, 36(7), pp.949–963.
Kelm K. M.; Narayanan V. K. and Pinches, G. E. “Shareholder Value Creation During R&D Innovation and Commercialization Stages.” Academy of Management Journal,1995, 38(3), pp.770–786.
Krieger, B. and Zipperer, V.“Does Green Public Procurement Trigger Environmental Innovations?”Research Policy, 2022, 51(6), 104516.
Li Y.; Hu S.; Zhang S. and Xue R.“The Power of the Imperial Envoy: The Impact of Central Government Onsite Environmental Supervision Policy on Corporate Green Innovation.”Finance Research Letters, 2022, 103580.
Lin Y.; Fu X. and Fu X.“Varieties in State Capitalism and Corporate Innovation: Evidence from an Emerging Economy.”Journal of Corporate Finance, 2021, 67, 101919.
Magat, W. A. “Pollution Control and Technological Advance: A Dynamic Model of the Firm”. Journal of Environmental Economics and Management,1978, 5(1), pp.1–25.
Manso, G. “Motivating Innovation.” Journal of Finance, 2011, 66(5), pp.1823–1860.
Montmartin, B. and Herrera, M. “Internal and External Effects of R&D Subsidies and Fiscal Incentives: Empirical Evidence Using Spatial Dynamic Panel Models.” Research policy, 2015, 44(5), pp.1065–1079.
Orsatti G.; Perruchas F.; Consoli D. and Quatraro, F. “Public Procurement, Local Labor Markets and Green Technological Change: Evidence from US Commuting Zones.” Environmental and Resource Economics,2020, 75(4), pp.711–739.
Popp, D. “Induced Innovation and Energy Prices.” The American Economic Review, 2002, 92(1), pp.160–180.
Popp, D. “International Innovation and Diffusion of Air Pollution Control Technologies: The Effects of NOX and SO2 Regulation in the US, Japan,Germany.” Journal of Environmental Economics and Management, 2006, 51(1), pp.46–71.
Simcoe, T. and Toffel, M. W. “Government Green Procurement Spillovers: Evidence from Municipal Building Policies in California.” Journal of Environmental Economics and Management, 2014, 68(3), pp.411–434.
Slaughter, M. J. “Trade Liberalization and Per Capita Income Convergence: A Difference-in-Differences Analysis. Journal of International Economics, 2001, 55(1), pp.203–228.
Stojčić N.“Social and Private Outcomes of Green Innovation Incentives in European Advancing Economies.”Technovation, 2021, 104, 102270.
Uyarra E.; Edler J.; Garcia-Estevez J.; Georghiou L. and Yeow, J. “Barriers to Innovation through Public Procurement: A Supplier Perspective.” Technovation,2014, 34(10), pp.631–645.
Wang C.; Yang Y. and Zhang, J. “China’s Sectoral Strategies in Energy Conservation and Carbon Mitigation.” Climate Policy,2015, 15(sup1), pp.60–80.
Wang H.; Qi S.; Zhou C.; Zhou J. and Huang X.“Green Credit Policy, Government Behavior and Green Innovation Quality of Enterprises”.Journal of Cleaner Production, 2022, 331, 129834.
Xiang X.; Liu C. and Yang, M. “Who Is Financing Corporate Green Innovation?” International Review of Economics & Finance,2022, 78, pp.321–337.
PDF(1227 KB)

5124

Accesses

0

Citation

Detail
Sections
Recommended

/

〈 〉