Title: Impact of FDI, technological innovation and digital technology on CO2 emissions and profits of high-tech industries: Evidence from data of China

Abstract

Abstract: Driven by the global green technology and high technology, digital technology and green high technology have brought effects on the environment. Under this background, what impact does the green production brought by the adoption of high technology and digital technology have on the economic subject? Is it beneficial to the environment, economy, society, or not. Specifically, when adopting digital technology and high-tech technology, which indicators and technical systems have the ultimate effect on the economy, the environment, the main body of the company, and social welfare. Through empirical research, it has proved the role of digital technology and green high-tech technology in the economy. It also explains the positive effects of important elements on the environment and economy. This study measures the impact of FDI and technological innovation from 28 provinces in China on the carbon emissions of high-tech industries. The study used provincial data of China from 2000 to 2018. In addition to checking unit root characteristics, structural fracture and cointegration, this study also uses quantile regression to estimate the long-term relationship between research variables. The research results reveal the negative impact of foreign direct investment on carbon emissions. Technological innovation has a positive impact in the first three quantiles, and a negative impact in the next six quantiles. These results show that foreign direct investment and technological innovation shape the energy intensity of high-tech industries, which leads to the fluctuation of carbon emissions over time. After controlling the impact of urbanization, energy intensity and economic growth, this study suggests that policy makers should emphasize the heterogeneity of FDI and technology lead emissions in different quantiles in the process of CO2 emission reduction. At the same time, all A-share listed companies in 2007-2021 are used as the initial research sample. From the regression results of the two-way fixed effect model of fixed industries and years, it can be seen that the core explanatory variable of this paper, Digit, will have a positive impact on Salary, and this impact is significant at the level of 5%, that is, under the same conditions, the higher the degree of digitalization of enterprises, This will lead to an increase in the proportion of employee compensation in the total net profit of the enterprise.

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