Game Strategy of Environmental Regulation and Export Trade Based on Blockchain Algorithm

Based upon the knowledge of environmental regulation and export trade in strategic game, we employed the panel data of 30 provinces and cities in China from 2005 to 2018 to analyze the impact of different types of environmental regulations on China's export commodity structure of goods trade by the blockchain GMM estimation method empirically. The studies indicate that: (1) There is a “U”-shaped non-linear relationship between the cost-based environmental regulations and the export commodity structure and an inverted “U”-shaped non-linear relationship between the investment-based environmental regulations and the export commodity structure; (2) The lag effect of the investment-based environmental regulations on the export commodity structure is stronger than that of the cost-based environmental regulations; (3) As indicated by the influence approaches, the effect of investment-based environmental regulations is mainly emphasizing on promoting the innovation in technological sector, while the cost-based environmental regulations have a strong impact on environmental protection costs.