On Increasing Total Factor Productivity and Promoting High-Quality Development

Different from the developmental mode of western developed countries, China’s economy has changed from a stage of high-speed growth to a stage of high-quality development, where the people’s growing needs for better lives can be met, embodying this new concept of development. The aim of our study is to evaluate the high-quality development efficiency and total factor productivity (TFP) of regional economies in China, and to explore the characteristics of spatial-temporal pattern evolution and their influencing factors. By using the slacks-based measure of directional distance functions (SBM-DDF) model, based on the undesirable output perspective, the high-quality development efficiency and TFP of regional economies in China, from 2000 to 2018, are evaluated in this paper. The exploratory spatial data analysis (ESDA) and Tobit models are then used to identify the spatial-temporal correlation patterns and influencing factors of high-quality development efficiency and TFP. The key results show the following: (1) from 2001 to 2018, the greatest high-quality development efficiency and TFP belonged to China’s eastern region and the least to its central region. (2) U and inverted-U trend lines show that high-quality development efficiency has significant regional difference in the east–west direction, presenting a significant feature of spatial imbalance. (3) Government, urbanization rate, and marketization level play a positive role in their impact of TFP, whereas financial development, infrastructure, foreign direct investment, and capital labor ratio play a negative one.

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Analysis on the structure effect of marine fishery total factor productivity under high-quality development in China

PLoS ONE ◽

10.1371/journal.pone.0259853 ◽

2021 ◽

Vol 16 (11) ◽

pp. e0259853

Author(s):

Bo Wang ◽

Limin Han ◽

Hongzhi Zhang

Keyword(s):

Sustainable Development ◽

Total Factor Productivity ◽

Industrial Structure ◽

Industry Structure ◽

Quality Development ◽

Marine Fisheries ◽

Factor Productivity ◽

High Quality ◽

Marine Fishery ◽

Structure Changes

Improving total factor productivity (TFP) is the source of power for high-quality development. Industrial structure optimization is an important way to improve TFP. This paper constructed an econometric model of industry structure changes impacting on TFP in the marine fisheries and conducted an empirical test and analysis. The results showed that the industry rationalization, softening and processing coefficient of marine fishery had a significant “structural dividend” for improving its TFP; while the impact of industrial structure advancement and aquaculture-catching structure changes did not have “structural dividend”, but it could be a combination of other factors to reduce these adverse effects.We believe that simply pursuing the advanced evolution of the industrial structure is not conducive to sustainable development of fishery. Under the pursuit of the rationalization of the marine fishery industry structure, by promoting the coordinated evolution of marine fisheries advancement, aquaculture-catching structure and other factors, the "structural dividend" effect can be enhanced and the fishery can achieve sustainable development. Finally, it proposed to promote the development of advancement and rationalization of marine fishery industry structure coordinately, adjust fishery science and technology transformation direction and key points, and accelerate the development of intensive processing industry by cross-border integration.

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Relationship between FDI, fiscal expenditure and green total-factor productivity in China: From the perspective of spatial spillover

PLoS ONE ◽

10.1371/journal.pone.0250798 ◽

2021 ◽

Vol 16 (4) ◽

pp. e0250798

Author(s):

Ke-Liang Wang ◽

Shuang He ◽

Fu-Qin Zhang

Keyword(s):

Total Factor Productivity ◽

Quality Development ◽

Mechanism Analysis ◽

Factor Productivity ◽

Negative Effects ◽

Spatial Econometric ◽

High Quality ◽

Great Heterogeneity ◽

Fiscal Expenditure ◽

The Relationship

Deeply investigating the relationship between foreign direct investment (FDI), fiscal expenditure and green total-factor productivity (GTFP) is beneficial to formulating effective policies to promote the high-quality development in China. Based on theoretical mechanism analysis, with panel data of China’s mainland 30 provinces during 2003–2017, this paper utilizes spatial econometric model to empirically explore the effects of FDI, fiscal expenditure and their interaction item on the growth of GTFP in China. The results show that FDI significantly promote the growth of the local and its neighboring GTFP, and both fiscal expenditure and the interaction between FDI and fiscal expenditure exert significantly negative effects on the growth of GTFP in the local and its neighboring regions. A series of robustness checks and the endogeneity test can ensure the reliability of these results. In addition, great heterogeneity can be found across China’s different regions in the relationship between FDI, fiscal expenditure and GTFP. The conclusions suggest that it is necessary to give fully play to the synergy between FDI and fiscal expenditure and formulate regionally targeted policies to improve GTFP and promote high-quality development in China.

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Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery

Sustainability ◽

10.3390/su132212382 ◽

2021 ◽

Vol 13 (22) ◽

pp. 12382

Author(s):

Youqiang Ding ◽

Yufeng Hu

Keyword(s):

Inflection Point ◽

Quality Development ◽

Low Carbon ◽

Factor Productivity ◽

Green Innovation ◽

High Quality ◽

Carbon Regulation ◽

Green Productivity ◽

Green Investment ◽

Green Investments

The sustainable growth path of emerging economies has transformed from the traditional extensive model to high-quality development. Due to the impulse force of low-carbon regulation, the measurement of input–output efficiency changed into green total factor productivity (GTFP) which considers environmental factors. Past research on GTFP focused on enterprise investments to promote green innovation for their resource allocation efficiency, but green investments are often limited from marketization that is interactively influenced by low-carbon regulation. Therefore, handing green investment to mitigate carbon dioxide emissions for green economics recovery is a big challenge. Then these hypotheses are tested by the main study of 170 cities in China. Results suggested that GTFP has an inverted S-shaped curve with three inflection points and four development stages under the influence of low-carbon regulation. It means that improving green productivity is costly toward making green investments without the driving of green innovation. However, the inflection point of the growth curve—when enterprise investment activities ignore the interaction between low-carbon regulation and green investment policy—will come slowly to a period of high-quality development. Moderating results suggested that the green productivity would be weakened and the inflection point would be delayed by the low-carbon marketization index if the low-carbon regulation intensity was neglected. Therefore, this research advanced an effectively co-ordinate growth curve to search for the inflection point of green economics recovery.

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