Export,FDI And Green Total Factor Productivity Growth Of China's Manufacturing Industry

China's economy has been developing rapidly and created a miracle in the world during thirty years of reform and opening up.As a leading factor of national economy,manufacturing industry has gained huge success.However,these achievements were gained in sacrifice of damaging natural environment and consuming excessive energy which have aroused gigantic problems and blocked the way of further development.To solve those problems,it is imminent to transform the model of economic development,accelerate the green transformation and walk out a sustainable development road.As a matter of fact,the key to realize green transformation is to improve the total factor productivity which represents the"quality" of economic growth.But the traditional total factor productivity does not consider the energy consumption caused by economic growth,so it can not accurately measure its contribution to economic growth.Under this background,it is vital to calculate the green total factor productivity which considers the environmental factor and its contribution to economic growth.Based on the existing research,this paper first uses the latest production frontier analysis tool SBM directional distance function and Luenberger productivity index to measure the green total factor productivity growth and its components of China 's manufacturing industry during the period 2005-2013 while taking into account the factors of energy consumption and undesirable output.On the basis of the above analysis,this paper establishes an industry panel data econometric model and conducts an empirical analysis of the impact of exports and FDI on the green total factor productivity growth of China's manufacturing industry.The results show that the green total factor productivity of China's manufacturing industry has an average annual growth rate of 4.45%under the assumption of CRS and the technical progress is the main source of its growth.The regression results indicate that exports have a significant negative impact on the growth of the green total factor productivity of China's manufacturing industry,while FDI could significantly improve the green total factor productivity growth which doesn't support the Pollution Haven Hypothesis.This paper suggests that exports have caused serious environmental pollution induced by trade while boosting the rapid growth of China's economy.Finally,according to the empirical results,this paper puts forward some suggestions such as strengthening technological innovation,introducing foreign investment actively and using more clean energy.