Empirical Research On Environmental Regulation,Green Investment And Economic Growth

The extensive mode of development has brought about great economic development and serious environmental pollution in China.Although it is inevitable in the early stage of economic and social development,with the development of economy to a certain extent,the whole society will pay more attention to economic growth on the premise of having a good economic foundation.The quality of growth not only requires more efficient economic growth,but also means higher requirements for environmental quality.Therefore,in the current economic environment,promoting the rapid and sound development of the economy has become the consensus of the whole society.As a high-quality,environmentally friendly and pollution-free investment means,green investment is of great significance for promoting high-quality economic growth.At the same time,as a positive response to environmental pollution,environmental regulation can represent the importance of environmental pollution from all walks of life.It is of great significance to study the effects of green investment on economy under different environmental regulation tools.From the point of view of past research,the research on environmental regulation,green investment and economic growth are all about the relationship between the three.This paper will combine the three together to study the impact of green investment on economic growth under different environmental regulation policies.The research results have constructive guiding significance for our society to adopt what kind of environmental regulation policies or the combination of environmental regulation policies.The first part of this paper is the introduction part,which mainly describes the background of this paper and the significance of this study.It describes the positive significance of this paper to the choice of government policies and the theoretical construction of the relationship between environmental regulation,green investment and economic growth.The first part also defines the three main variables of this paper.It also introduces the structure and innovation of the article.The second part is the literature review,which describes the research results of domestic and foreign scholars on environmental regulation,green investment and economic growth.The third part analyses the influence mechanism of environmental regulation,green investment and economic growth,and puts forward relevant hypotheses.The fourth part is the construction of indicators.It briefly introduces the definition of the Entropy Weight Method,focusing on the use of Entropy Weight Method to construct three different indicators reflecting environmental regulation.The types of environmental regulation indicators represent the intensity of command-controlled environmental regulation,market-motivated environmental regulation and public participation environmental regulation respectively.Using the same method,green investment is also measured.The fifth part of empirical analysis introduces the construction of regulatory effect model and threshold model.At the same time,it empirically analyses the regulatory effect and threshold effect of three different environmental regulation policies.It uses threshold model to analyze green investment and economic growth under three environmental regulation tools.Relationship.The fifth part draws conclusions and gives relevant policy suggestions.Empirical research concludes that there is a double threshold in the role of green investment in economic growth between command-controlled environmental regulation tools and market-motivated environmental regulation tools.However,the strengthened intensity of command-controlled environmental regulation will make green investment in the economy.The positive effect of growth slows down,and the strengthening of market incentive environmental regulation will strengthen the positive effect of green investment on economic growth.Therefore,we should pay attention to the scale of command environmental regulation and improve the intensity of market incentive environmental regulation.There is no threshold for public participation in environmental regulation in the role of green investment in economic growth,but the effect of public participation in environmental regulation tools on economic growth is positive through green investment as an intermediary variable,indicating that promoting public participation in environmental protection has a positive effect on economic development,but this is also true.There are shortcomings,so we can only conclude that this will play a role in the speed of economic development,but not the impact of public participation Environmental Regulation on the quality of economic development.The first innovation of this paper is.to enrich the indicators for the study of environmental regulation,and to measure the three kinds of environmental regulation intensity of 30 provinces from 2008 to 2017 by using the indicators of "in the event" and "after the event".Secondly,it innovatively studies the correlation among.environmental regulation,green investment and economic growth.In particular,it divides environmental regulation into three different types,and analyses the effect of green investment on economic growth under three kinds of environmental regulation tools.