技术与创新管理2025，Vol.46Issue(6)：650-660,11.DOI:10.14090/j.cnki.jscx.2025.0604
绿色技术创新对企业全要素生产率"挤出效应"的实证研究
The Crowding-Out Effect of Green Technological Innovation on Enterprise Total Factor Productivity
摘要
Abstract
Against the backdrop of increasingly severe contradictions between global resource and envi-ronmental constraints and economic development,green technological innovation has emerged as a criti-cal pathway for achieving sustainable development and high-quality growth.Drawing on microdata from Chinese listed companies spanning 2007-2021,this study employs an extended CDM model and a multi-dimensional panel fixed-effects model to empirically examine the impact of both general techno-logical innovation and green technological innovation on enterprise total factor productivity(TFP).The findings reveal that while technological innovation overall promotes enterprise TFP,green technological innovation exhibits a significant"crowding-out effect"on TFP within polluting enterprises.Heterogenei-ty analysis indicates that this crowding-out effect is mitigated for polluting firms that are larger in scale,receive more government subsidies,exhibit higher R&D intensity,possess a greater degree of digital transformation,or are located in regions characterized by high competition or a high level of openness.Further analysis elucidates the influence of regional knowledge stock on different stages of innovative activities.This research provides valuable empirical evidence and scientific reference for enterprises formulating innovation strategies and for governments aiming to promote the development of green tech-nologies.关键词
绿色技术创新/全要素生产率/扩展CDM模型/挤出效应/污染企业Key words
green technology innovation/total factor productivity/extended CDM model/crowding-out effect/pollution company分类
管理科学引用本文复制引用
武力超,孙可钦,曾美紫,方心怡,杨鑫杰..绿色技术创新对企业全要素生产率"挤出效应"的实证研究[J].技术与创新管理,2025,46(6):650-660,11.基金项目
国家社会科学基金一般项目"碳中和背景下企业技术创新引领型发展与政策引导研究"(21BJL088) （21BJL088）
