Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?

One of the goals of China’s supply-side structural reform is to improve total factor productivity (TFP). Considering the problems of environmental deterioration and income disparity faced by China, this paper first incorporates environmental pollution and income disparity as undesirable outputs into...

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Autores principales:	Feng Wang, Jianxiong Wu, Min Wu, Wen Zheng, Danwen Huang
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	supply-side structural reform inclusive green growth inclusive green TFP structural optimization Malmquist–Luenberger index Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/9053b9b73816419c9350ae557035dab8
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spelling	oai:doaj.org-article:9053b9b73816419c9350ae557035dab82021-11-25T19:05:30ZHas the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?10.3390/su1322129112071-1050https://doaj.org/article/9053b9b73816419c9350ae557035dab82021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12911https://doaj.org/toc/2071-1050One of the goals of China’s supply-side structural reform is to improve total factor productivity (TFP). Considering the problems of environmental deterioration and income disparity faced by China, this paper first incorporates environmental pollution and income disparity as undesirable outputs into the TFP analysis framework, and extends the concept of inclusive green TFP (henceforth IGTFP).We measure and analyze the IGTFP in China’s provinces from 1995 to 2017 using the Malmquist–Luenberger index, and then examine, for the first time, the impacts of economic structural optimization in the supply-side structural reform on the IGTFP. The results are shown as follows. First, China’s national IGTFP index is significantly smaller than the traditional TFP index. That is, the traditional TFP without the constraints of environmental pollution and income disparity overestimates China’s real TFP. Second, there are significant regional differences in China’s IGTFP, the average annual growth rate of IGTFP shows a gradual downward trend from east to west. This would further exacerbate the regional imbalance in China’s economic development. Third, among the structural factors in economic structure optimization, industrial structure and energy structure are negatively correlated with the IGTFP, while factor structure, labor structure and urban–rural structure are all positively correlated with the IGTFP. These results imply that the economic structure optimization driven by supply-side structural reform will improve China’s IGTFP.Feng WangJianxiong WuMin WuWen ZhengDanwen HuangMDPI AGarticlesupply-side structural reforminclusive green growthinclusive green TFPstructural optimizationMalmquist–Luenberger indexEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12911, p 12911 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	supply-side structural reform inclusive green growth inclusive green TFP structural optimization Malmquist–Luenberger index Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	supply-side structural reform inclusive green growth inclusive green TFP structural optimization Malmquist–Luenberger index Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Feng Wang Jianxiong Wu Min Wu Wen Zheng Danwen Huang Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
description	One of the goals of China’s supply-side structural reform is to improve total factor productivity (TFP). Considering the problems of environmental deterioration and income disparity faced by China, this paper first incorporates environmental pollution and income disparity as undesirable outputs into the TFP analysis framework, and extends the concept of inclusive green TFP (henceforth IGTFP).We measure and analyze the IGTFP in China’s provinces from 1995 to 2017 using the Malmquist–Luenberger index, and then examine, for the first time, the impacts of economic structural optimization in the supply-side structural reform on the IGTFP. The results are shown as follows. First, China’s national IGTFP index is significantly smaller than the traditional TFP index. That is, the traditional TFP without the constraints of environmental pollution and income disparity overestimates China’s real TFP. Second, there are significant regional differences in China’s IGTFP, the average annual growth rate of IGTFP shows a gradual downward trend from east to west. This would further exacerbate the regional imbalance in China’s economic development. Third, among the structural factors in economic structure optimization, industrial structure and energy structure are negatively correlated with the IGTFP, while factor structure, labor structure and urban–rural structure are all positively correlated with the IGTFP. These results imply that the economic structure optimization driven by supply-side structural reform will improve China’s IGTFP.
format	article
author	Feng Wang Jianxiong Wu Min Wu Wen Zheng Danwen Huang
author_facet	Feng Wang Jianxiong Wu Min Wu Wen Zheng Danwen Huang
author_sort	Feng Wang
title	Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
title_short	Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
title_full	Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
title_fullStr	Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
title_full_unstemmed	Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?
title_sort	has the economic structure optimization in china’s supply-side structural reform improved the inclusive green total factor productivity?
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/9053b9b73816419c9350ae557035dab8
work_keys_str_mv	AT fengwang hastheeconomicstructureoptimizationinchinassupplysidestructuralreformimprovedtheinclusivegreentotalfactorproductivity AT jianxiongwu hastheeconomicstructureoptimizationinchinassupplysidestructuralreformimprovedtheinclusivegreentotalfactorproductivity AT minwu hastheeconomicstructureoptimizationinchinassupplysidestructuralreformimprovedtheinclusivegreentotalfactorproductivity AT wenzheng hastheeconomicstructureoptimizationinchinassupplysidestructuralreformimprovedtheinclusivegreentotalfactorproductivity AT danwenhuang hastheeconomicstructureoptimizationinchinassupplysidestructuralreformimprovedtheinclusivegreentotalfactorproductivity
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Has the Economic Structure Optimization in China’s Supply-Side Structural Reform Improved the Inclusive Green Total Factor Productivity?

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