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《Resource Development & Market》 2018-03
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Ecological Capital Accumulation,Innovation and Regional Economic Growth

LIU Yan;LIANG Shuang-lu;ZHANG Li-jun;Yunnan University School of Development Studies;School of Economics and Management,Southwest Forestry University;Yunnan University School of Economics;  
This paper developed an endogenous economic growth model including ecological capital.Based on the theory model,it set econometric model,adopting investment expenditure of forestry as a measurement of ecological capital investment,using 31 provincial panel data from 1998-2014 in China to test the economic growth effect and the innovation effect of ecological capital investment in China.The results showed that ecological capital investment had a significant effect to economic output through all areas of China via innovation.Considering the problem of endogeneity,this paper used the data of lag periods and forest cover rate as agent variables to test the robustness of the model.Test results showed that the model was robust.To increase investment in ecological capital was thus one of important approaches to promote regional economic performance.
【Fund】: “云岭学者”资助项目(编号:C6153001);; 国家自然科学基金项目(编号:71273215);; 云南省政府招标课题“云南省环保产业发展研究”
【CateGory Index】: F124;X2
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