Empiricai Study On The Effect Of Green Investment To Economic Growth Efifciency

Green investment is an important impetus for the development of Recyleeconomy, and also an important guarantee for the sustainable development of theeconomy. Green investment as a type of exploitable investment, it can form greencapital and green productivity, so that it has an important impact on economic growthefficiency. This paper has a preliminary statistical analysis based on years of data ofgreen investment and economic growth and shows that green investment andeconomic growth in our country present a similar development trend. In order toresearch the influence of green investment to economic growth more in-depth, thispaper takes the green investment influence on the efficiency of ecomomic growth asthe research object. Based on the influence mechanism of green investment’s scaleeffect and pure technical effect on economic growth efficiency, this paper has donetheory and empirical analysis.First of all, this paper puts forward the question which will be researched basedon the reality background of the highlighted environmental problems and relatedtheoretical study background. Second, focus on the study, this paper reviewsliteratures on detailed carding, and find out the insufficient research. Then, itdiscusses the selection of measurement method and index for economic growthefficiency based on a review of related literatures. Again, it analyzes the greeninvestment’s influence mechanism on economic growth efficiency throughconstructing theory framework of the green investment and economic growthefficiency, and puts forward the research question and theoretical hypothesis, layingthe foundation for next empirical analysis. In the empirical analysis, this paper usesone phase method of Stochastic Frontier Analysis (SFA) based on related data of ourcountry’s29provinces from2003to2009, and takes the green investment asinfluencing factors into the influencing factors model then construct StochasticFrontier Model, using Frontier4.1program to estimate the national, eastern, middlernand western influence degree of green investment on technology non-efficiency, andanalysis and comparison the relationship of green investment and technical efficiencyamong eastern, middlern and western region. Again, it draws conclusions according toanalyzing the empirical results. The empirical test’s results show that China’s greeninvestment promotes to economic growth efficiency in the scope of national, but thepromoting is small. From the perspective of the eastern, middlern and western region, there is regional difference among them. The middlern and western regions’ greeninvestment promots to its economic growth efficiency, and western region’scontribution of green investment to economic growth efficiency is greater thanmiddlern region’s. However, the eastern region’s green investment hinders itseconomic growth efficiency.Finally, this paper put forward the specific policy recommendations in theaboved theoretical analysis and the empirical results. The first is that the governmentshould increase green investment. The second is actively to promote the developmentof clean production technology, and developing environmental protection industry.The third is to increase the green investment intensity of eastern region and improveits proportion in GDP. The fourth is to formulate specific environmental propertyrights, to standardize enterprise behavior.