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

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 enviro...

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Autores principales:	Youqiang Ding, Yufeng Hu
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	low-carbon regulation intensity low-carbon marketization index green innovation green investment green total factor productivity Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/8030195a704b42f896ca123a62b78945
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spelling	oai:doaj.org-article:8030195a704b42f896ca123a62b789452021-11-25T19:00:37ZInflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery10.3390/su1322123822071-1050https://doaj.org/article/8030195a704b42f896ca123a62b789452021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12382https://doaj.org/toc/2071-1050The 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.Youqiang DingYufeng HuMDPI AGarticlelow-carbon regulation intensitylow-carbon marketization indexgreen innovationgreen investmentgreen total factor productivityEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12382, p 12382 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	low-carbon regulation intensity low-carbon marketization index green innovation green investment green total factor productivity Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	low-carbon regulation intensity low-carbon marketization index green innovation green investment green total factor productivity Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Youqiang Ding Yufeng Hu Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
description	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.
format	article
author	Youqiang Ding Yufeng Hu
author_facet	Youqiang Ding Yufeng Hu
author_sort	Youqiang Ding
title	Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
title_short	Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
title_full	Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
title_fullStr	Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
title_full_unstemmed	Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery
title_sort	inflection point of green total factor productivity by low-carbon regulation from chinese economics recovery
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/8030195a704b42f896ca123a62b78945
work_keys_str_mv	AT youqiangding inflectionpointofgreentotalfactorproductivitybylowcarbonregulationfromchineseeconomicsrecovery AT yufenghu inflectionpointofgreentotalfactorproductivitybylowcarbonregulationfromchineseeconomicsrecovery
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Inflection Point of Green Total Factor Productivity by Low-Carbon Regulation from Chinese Economics Recovery

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