The Influence of Factor Marketization on the Development of Green Economy

Nan Yu ； Xinyi Chen ； Huilin Jiang

《World Scientific Research Journal》 7卷6期 (2021/06) Pp. 419-437

https://doi.org/10.6911/WSRJ.202106_7(6).0054

摘要

In the process of China's economic development, the traditional economic model characterized by ＂high input, high pollution and high energy consumption＂ can no longer meet the needs of sustainable economic development. In the presence of factor market distortion, green total factor productivity is bound to be significantly affected. In recent years, with the improvement of people's requirements for the quality of life, the development of green economy has become the focus of high‐quality development strategy, and the attention of social development to green efficiency has made the green development strategy an inevitable requirement. Based on the large spatial differences in China and the regional differences in the influencing factors of economic development, this paper selects the relevant data of 30 provinces and cities in China from 2008 to 2017 based on the spatial panel data of our country, incorporating the explained variables, explanatory variables, control variables, and categorical variables into the constructed spatial dynamic panel model, The spatial autocorrelation is tested by calculating the adjacent spatial weight matrix and calculating the Moran index. At the same time, the spatial dynamic panel model is selected based on the fixed effect. The empirical research results of the display variables are described. Through the analysis of the empirical results, the following conclusions are obtained: first, the factors marketization and the level of green economy development in China are positively correlated, with high spatial dependence; second, different control variables will have different effects on the development of green economy, the same factor will also have different degrees of impact on the development of urban green economy in different spaces; third, the improvement of factor marketization will have the most positive impact on the level of green economy development in the eastern region, and the dependence of foreign trade will have a certain degree of negative impact; Fourth, industrial optimization and upgrading in the central and western regions will promote the development of green economy in this province and adjacent regions. Therefore, this paper suggests: rationally allocating market factor resources, strengthening the process of urbanization in central and western regions and optimizing the industrial structure of central and western regions; appropriately reducing government regulation at the macro level; reducing the dependence of foreign trade and cultivating enterprises' ability of innovation and development.

關鍵字

Green economy ； Factor marketization ； Green total factor productivity ； Spatial Dobin model

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