Command-controlled environmental regulations in China drive green economy growth
Environmental regulations in China impact green economy development differently. Command-controlled regulations have a U-shaped relationship with green economy growth, while market-incentive regulations show no significant effect. Command-controlled regulations drive progress in pollution control and production technology, with production technology initially suppressed then promoted. Market-incentive regulations mainly affect pollution control technology progress. This study supports the idea that environmental regulations can lead to a win-win situation for the economy and the environment in countries like China.