| In the context of the new economic normal,the manufacturing industry,as the main body of the national economy,has a direct bearing on my country’s supply system,international competitiveness and overall national strength,and also provides important support for achieving high-quality economic development.However,the gradual disappearance of traditional advantages,weak international competitiveness,and long-term low end of the global value chain dominated by developed countries are problems that have plagued the development of my country’s manufacturing industry for many years.At the same time,in the face of increasingly tight environmental regulations and rising factor prices,whether the manufacturing industry can transform the effects of environmental regulations from "short-term losses" to "long-term gains" has become a problem.Therefore,it is particularly urgent to explore the relationship between environmental regulation,factor input and the high-quality development of manufacturing.First of all,combined with domestic and foreign literature,from the five dimensions of output efficiency,green development,opening to the outside world,structural optimization,and technological innovation,based on the data of industrial enterprises above designated size from2003 to 2018,the high-quality development level of the manufacturing Comprehensive evaluation,dynamic evolution,and industry heterogeneity analyze and evaluate the highquality development level of China’s manufacturing industry.Secondly,from the theoretical level,the mechanism of environmental regulation and factor input on the high-quality development of the manufacturing industry is sorted out.Third,use the generalized least squares method to estimate,empirically test the direct impact of environmental regulations on the high-quality development of the manufacturing industry,and then add production factors to test the size of the adjustment effect of factor inputs;finally,use the threshold effect model to further study factor inputs as the threshold In terms of variables,how environmental regulation affects the high-quality development of the manufacturing industry,and the industry heterogeneity of the threshold effect.Through theoretical and empirical analysis,the following conclusions can be drawn:(1)During the study period,the high-quality development level of the manufacturing industry has increased significantly,especially after 2015.The high-tech industry has developed rapidly,compared with the traditional manufacturing industry.In a leading position.(2)There is a significant U-shaped relationship between environmental regulations and the high-quality development of the manufacturing industry.In addition,after adding factor inputs,it is found that labor input has no significant impact on the high-quality development of the manufacturing industry,and capital investment and technological progress can significantly promote the manufacturing industry.High-quality development.(3)The threshold test found that when technological progress is used as the threshold variable,there is a single threshold effect.When technological progress is less than the threshold value,the environmental regulation coefficient is negative.After the threshold value is crossed,the impact coefficient of environmental regulation on the high-quality development of the manufacturing industry It is positive,indicating that as the level of technological progress increases,the "compensation effect" of environmental regulations can be strengthened and the "crowding effect" weakened;when capital investment is used as the threshold variable,there is a double threshold effect.When the level of capital investment is less than the first one At the threshold value,the environmental regulation coefficient is negative,although it is not significant,but it also shows that capital does not have a positive regulating effect at this time.When the first threshold value is crossed,the coefficient turns from negative to positive.At this time,environmental regulation has a high impact on the manufacturing industry.The role of quality development has changed from restraint to promotion.When a larger threshold is crossed,the coefficient becomes smaller,indicating the existence of excessive capitalization.Based on the conclusions drawn from the above research,corresponding policy recommendations are put forward: Strengthen independent innovation,insist on innovation to lead the high-quality development of the manufacturing industry;implement differentiated treatment based on actual conditions,parallel administrative orders and market incentives,and give full play to the positive economic effects of environmental regulations;Pay attention to the coordinated development of multiple production factors;strengthen innovation and open cooperation to form a virtuous circle linkage mechanism;optimize the structure of capital investment and scientific layout. |
