Research On The Impact Of Land Resource Mismatch On Total Factor Productivity

High-quality development is the primary task in the comprehensive construction of a modern socialist country,and the implementation of the new development concept and the promotion of effective qualitative upgrading and reasonable quantitative growth of the economy are important goals at present.In the face of the urgent requirements of the transformation of the mode of development and growth momentum,replacing factor-input-driven by total factor productivity-driven is an important way to realize high-quality development.In the reports of the 19 th and 20 th CPC National Congresses,the issue of raising total factor productivity was mentioned twice in a row,and its importance is self-evident.Innovation drive and optimization of the factor structure are considered to be the source of power and an effective way to raise total factor productivity.For a long time,land resources have played a special role in China’s economic development process,and land for development and land to attract investment have become China’s unique mode of development to promote the economy by land,but this has also resulted in the formation of a mismatch of land resources in China.As the material carrier of production and living activities,the allocation structure and efficiency of land resources will have an impact on the development of economy,society and ecology,which in turn affects the total factor productivity and high-quality development.So what is the relationship between land resource mismatch and total factor productivity? What is the mechanism of action? Is there a spatial influence between the two? Existing studies have not paid enough attention to this issue.Therefore,it is of great significance to clarify the theoretical mechanism of the impact of land resource mismatch on total factor productivity and explore the path to improve total factor productivity with the theme of the impact of land resource mismatch on total factor productivity,in order to promote the sustainable and high-quality development of the economy in the future.This paper centers on the impact of land resource mismatch on total factor productivity,based on combing the literature on land resource mismatch and total factor productivity and their relationship,firstly,it constructs an economic growth model that includes land resources,and analyzes the economic mechanism by which the land resource mismatch affects total factor productivity;secondly,it takes the 2007-2019 Chinese 30 provinces(autonomous regions and municipalities directly under the central government)panel data as a sample,based on the estimation of land output elasticity using the FGLS model,the degree of land resource mismatch was measured by the deviation of marginal land output from the actual concession price;total factor productivity was measured using the Malmquist-Luenberger productivity index,and the temporal and spatial distribution characteristics of the two were analyzed;once again,the dynamic panel regression model was used to examine the impact of land resource mismatch on total factor productivity.Again,the dynamic panel regression model was used to investigate the direct impact of land resource mismatch on total factor productivity,and the mediating effect model and moderating effect model were used to discuss the impact mechanism of land resource mismatch on total factor productivity.Finally,the spatial spillover effect of land resource mismatch on total factor productivity and the adjustment mechanism are analyzed by using the spatial Durbin model and the adjustment effect model.The main conclusions are as follows:(1)Through the theoretical analysis of the impact of land resource mismatch on total factor productivity,it is concluded that there exists the following relationship between the two: firstly,there may be differences in the impact of land resource mismatch on total factor productivity in the short term and in the long term;secondly,the government’s financial pressure,the level of science and technology,the crowding out of other consumption and industrial structure changes are the paths that cause differences in the impacts;and the level of marketization and the government’s intervention are the important guarantees for regulating the impacts of the effects;Third,there are also spatial spillover effects between land resource mismatch and total factor productivity.It provides theoretical support for the later study of the relationship between land resource mismatch and total factor productivity.(2)The distributional characteristics of land resource mismatch and total factor productivity are clarified.Both land resource mismatch and total factor productivity show a certain spatio-temporal pattern,with a tendency to be opposite.During the sample period,land resource mismatch as a whole shows a trend of decreasing and then increasing,followed by a slow decline;the level of land resource mismatch is low in the eastern region,followed by the central region,and the highest level of land resource mismatch in the western region.Spatially,"high-high" agglomeration is mainly distributed in the central and western regions,and "low-low" agglomeration is mainly distributed in the eastern region.During the sample period,the level of total factor productivity shows a gradual upward trend,with the eastern region having a higher level of total factor productivity and the central and western regions having a lower level of total factor productivity.Spatially,the number of "low-low" agglomeration areas is higher than the number of "high-high" agglomeration areas,which indicates that the total factor productivity level is in a low level of spatial agglomeration.(3)The different impacts of land resource mismatch on total factor productivity in the short and long term are analyzed.In the short term,land resource mismatch has a significant positive impact on total factor productivity;however,in the long term,land resource mismatch has a significant negative impact on total factor productivity.The land resource mismatch in the eastern region and low resource dependence area will promote total factor productivity in the short term,but will have a dampening effect on total factor productivity in the long term.Land resource mismatch in the western region will have a dampening effect on total factor productivity in the later period.The effect of land resource mismatch on total factor productivity in the central region and high resource dependence area is not significant.(4)Land resource mismatch affects total factor productivity through the mediating effects of government financial pressure,scientific and technological level,crowding out other consumption and industrial structure change;and regulates the relationship between land resource mismatch and total factor productivity through the regulating effects of marketization level and government intervention.In the short term,land resource mismatch will promote total factor productivity by alleviating the government’s financial pressure,but in the long term,land resource mismatch will increase the government’s financial pressure and thus reduce total factor productivity;land resource mismatch will reduce the level of technological innovation and the proportion of other consumption,and it will inhibit the rationalization of the industrial structure and the advanced industrial structure.In the short term,the promotion effect is greater than the inhibition effect,and the land resource mismatch will promote the total factor productivity.In the long run,the mismatch of land resources will reduce total factor productivity by increasing the government’s fiscal pressure,inhibiting the level of technological innovation,crowding out other consumption,and inhibiting the rationalization and advancement of industrial structure.The level of marketization strengthens the relationship between the two in a positive way,while government intervention moderates the relationship in a negative way.(5)There is a spatial spillover effect of land resource mismatch on total factor productivity,which is different with different geographical locations,and the rationalization and advancement of regional industrial structure will adjust the impact of land resource mismatch on total factor productivity.Land resource mismatch has a negative spatial spillover effect on total factors in both local and neighboring regions,and land resource mismatch in the eastern region significantly reduces total factor productivity,while the spillover effect in the central and western regions is not obvious.The test results of the moderating effect of industrial structure rationalization and industrial structure advancement show that industrial structure rationalization and advancement will strengthen the inhibiting effect of land resource mismatch on total factor productivity.The rationalization of industrial structure in the eastern region has no moderating effect,while the rationalization of industrial structure in the central and western regions strengthens the inhibiting effect of land resource mismatch on total factor productivity.Advanced industrial structure in the eastern and western regions strengthens the inhibiting effect of land resource mismatch on total factor productivity;the moderating effect of advanced industrial structure in the central region is not significant.The innovations of this paper are:First,a mathematical model between land resource mismatch and total factor productivity is constructed.The land element is added to the input elements of the Cobb-Douglas production function,based on which the mathematical model of the relationship between land resource mismatch and total factor productivity is finally established by introducing land resource mismatch into the revenue maximization function.Second,the degree of land resource mismatch and total factor productivity at the provincial level are measured based on the connotation of land resource mismatch and the inherent requirements of total factor productivity.For the measurement of land resource mismatch,based on the estimation of land output elasticity using the FGLS model,the degree of deviation between the marginal output of land and the actual concession price is used to calculate;unlike existing studies,the calculation of the actual concession price of industrial land in each province is based on the use of data from the land market network to organize and summarize the data of each land transaction,and on the basis of obtaining the total area of industrial land concessions and the total price of industrial land concessions in each city,it is aggregated to the provincial level.and the total area and price of industrial land granted in each city,and then aggregated to the provincial level for calculation.When using the Malmquist-Luenberger productivity index to measure total factor productivity,unlike the existing studies,carbon emissions are included in the measurement framework as an additional non-expected output,which makes the total factor productivity index more complete and more in line with the current development requirements.Thirdly,under the research framework of the impact of land resource mismatch on total factor productivity,the paper clarifies the action path and influence mechanism from different angles and multi-dimensional paths in a comprehensive and systematic way.The paper theoretically analyzes and empirically examines the relationship between land resource mismatch and total factor productivity from the perspectives of dynamic impact and spatial impact;in order to further improve the intrinsic impact mechanism,the intermediary roles played by the government’s financial pressure,scientific and technological level,extrusion of other consumption and industrial structure change are explored,and the role of the mismatch of land resources in affecting the total factor productivity is clarified;the paper further examines the marketization level and the government intervention in the total factor productivity.This paper further examines the role of marketization level and government intervention,inter-industry dynamics and synergistic development in regulating the relationship between land resource mismatch and total factor productivity,providing a new perspective for the study of the relationship between the two.Compared with previous studies,this paper comprehensively covers the multi-dimensional path mechanism and multiple research perspectives,which makes up for the lack of current research on the intrinsic mechanism of land resource mismatch affecting total factor productivity.