Abstract: Based on the Tran slog stochastic frontier model, this paper makes empirical study about environmental regulation intensity’s affect on China industrial R&D innovation efficiency as well as its trans-industrial difference during the years between 2004 and 2010. The result indicates that, the heterogeneity exists in China industrial R&D innovation efficiency. Although, to a certain extent, the environmental regulation intensity promotes the industrial R&D innovation efficiency, the inverted "U" type relationship appears between these two sides. That is to say, the influence of environmental regulation intensity on China industrial R&D innovation efficiency is relatively limited. When environmental regulation intensity exceeds a certain level, it will not be conductive to the increase of industrial R&D innovation efficiency. The influence of the former on the latter one presents the eminent industry difference. Among those industries that are technology-intensive, less polluted, with high R&D intensity, the environmental regulation will promote the R & D innovation efficiency more significantly.

摘要： 采用超越对数型随机前沿模型，在考虑企业规模、所有制结构等因素的情况下，实证分析了2004-2010年间环境规制强度对中国工业行业R&D创新效率的影响及其行业差异。研究结果显示，我国工业行业R&D创新效率存在显著的行业异质性；虽然，环境规制强度在一定程度上促进了工业行业R&D创新效率提升，但环境规制强度与R&D创新效率呈现倒“U”型关系，即环境规制强度对工业行业R&D创新效率提升有“度”的限制，当环境规制强度超过一定水平时，反而不利于工业行业R&D创新效率提升；环境规制强度对工业行业R&D创新效率的影响存在显著的行业差异性，在技术密集度较高，环境污染程度较小和R&D强度较高的行业中，环境规制对R&D创新效率促进作用会更加显著。

关键词: 波特假说, 环境规制, R&D创新效率, Porter Hypothesis, Environmental Regulation, R&D Innovation Efficiency