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| The Measurement of Schumpeterian Profits in Pollution-Intensive Industries under the Environmental Regulation |
| Xie Fan |
| School of Economics & Management,South China Normal University,Guangzhou 530006,China |
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Abstract The technological innovation effect generated by the environmental regulation is the key point to realize the win-win situation in both economic development and environmental protection.This article first illustrates the generation mechanism of Schumpeter profits by getting help from Nordhaus's(2004)model of Schumpeter profits theory.And then it measures the green total factor productivity growth with the resource usage and emissions discharged by CO2 in the pollution-intensive industries during 1998—2009 by using the Malmquist-Luenberger index method.It also respectively makes some contrast and measurement on whether there is the Schumpeter profits size existing in the environmental regulation in China's pollution-intensive industries.The results show that:first of all,the environmental regulation affects the total factor productivity growth in China's pollution-intensive industries;in the second place,the environmental regulation does not promote producer's scientific and technological innovation level in China's pollution-intensive industries;in the third place,the environmental regulation has reduced Schumpeter profits in China's pollution- intensive industries
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Received: 26 June 2014
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