Purpose

Environmental regulation is in a continuous state of intense change and modification amid the long-term tensions between environmental protection and economic growth. In this article, the authors creatively investigate how fluctuations of environmental regulation influence a nation's economic growth while also examining the mediating effect of technological innovation.

Design/methodology/approach

Using sample data of 36 Organisation for Economic Co-operation and Development (OECD) countries from 2013 to 2018, environmental regulation is differentiated in two aspects of formal environmental regulation (FER) and informal environmental regulation (IER) and analyzed to assess the effects of regulatory fluctuations on investment and technological innovation.

Findings

The research results demonstrate that both FER fluctuation and IER fluctuation exert a significant negative impact on economic growth. These two fluctuations in environmental regulation increase uncertainty and unpredictable risks for corporations and investors, significantly stifling the willingness to contribute to innovation activities and leading to a diminished level of innovation. Technological innovation is revealed to have a mediating influence on the relationship of environmental regulation fluctuation to economic growth.

Originality/value

These findings enrich the research on the impact of environmental regulation from a dynamic, multinational perspective, contributing to the literature by exploring the relationships between environmental regulation fluctuation, technological innovation and economic growth at the OECD-country level.

中文翻译：

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环境监管波动、技术创新与经济增长之间的关系：跨国视角

目的

在环境保护与经济增长之间的长期紧张关系中，环境监管处于持续剧烈变化和修正的状态。在本文中，作者创造性地研究了环境监管的波动如何影响一个国家的经济增长，同时也考察了技术创新的中介作用。

设计/方法/方法

使用 2013 年至 2018 年 36 个经济合作与发展组织（OECD）国家的样本数据，将环境规制分为正式环境规制（FER）和非正式环境规制（IER）两个方面，并分析评估环境规制的影响。投资和技术创新的监管波动。

发现

研究结果表明，FER波动和IER波动都对经济增长产生显着的负面影响。环境监管的这两种波动增加了企业和投资者的不确定性和不可预测的风险，大大抑制了为创新活动做出贡献的意愿，导致创新水平下降。技术创新在环境规制波动与经济增长的关系中具有中介作用。

原创性/价值

这些发现从动态的多国视角丰富了对环境监管影响的研究，通过探索经合组织国家层面的环境监管波动、技术创新和经济增长之间的关系，为文献做出了贡献。