Study On The Influence Mechanism Of Environmental Regulation On Industrial Green Total Factor Productivity

The report of the 20 th CPC National Congress points out that we should stick to the theme of encouraging high-quality growth,expedite the creation of a modernized economic system,and concentrate on raising total factor productivity.However,China’s industrialization process has been accompanied by high energy consumption and emissions,and the function of green total factor productivity has not been completely taken into account.We must firmly establish the idea that green water and green mountains are the silver mountains,put it into practice,and enhance environmental governance if we want to increase industrial green total factor productivity.Environmental regulations are an important tool for reducing environmental pollution and promoting green economic development,and enhancing awareness of environmental regulations can help drive sustainable economic growth.The effectiveness of environmental regulation tools may be influenced by economic growth targets.Therefore,it is also necessary to study the effectiveness of environmental regulation on industrial green total factor productivity under the pressure of economic growth targets.Firstly,based on defining relevant concepts,sorting out relevant theories and literature,this thesis employs the method of data envelopment analysis to calculate the industrial green total factor productivity in China by provinces and decompose it into production efficiency,pollution emission and carbon emission according to the type of output,and analyze the time and regional characteristics of industrial green total factor productivity and each decomposition.Secondly,this thesis uses a time and location specific fixed effects model to empirically analyze the effects of market-incentivized environmental regulations and administrative regulations on industrial green total factor productivity,and heterogeneity analysis is done according to the level of economic development,ownership level and emission level.Thirdly,the mediating effect of environmental regulations affecting industrial green total factor productivity was examined by introducing technological innovation as a mediating variable.Fourthly,the effects of two types of environmental regulations on each decomposition component of industrial green total factor productivity are investigated to explore the deep-seated reasons why environmental regulations affect industrial green total factor productivity.In addition,this thesis introduces economic growth target pressure to analyze whether environmental regulation remains effective for industrial green total factor productivity under growth target pressure.Based on the above studies,this thesis concludes with the following:(1)China’s industrial green total factor productivity is rising on the whole,while production efficiency shows an upward trend and pollution and carbon emissions show a downward trend when decomposed,however,the performance characteristics are not consistent in different regions of the country.(2)Environmental regulations that are incentivized by the market can promote the growth of industrial green total factor productivity,whereas the promotional effect of executive-ordered environmental regulation is not significant.(3)Market-incentive environmental regulation is effective and administrative-command regulation is ineffective in economically developed and low emission level regions,while administrative-command environmental regulation is effective and market-incentive regulation is ineffective in economically underdeveloped and high emission level regions.Both types of regulations are effective in regions with developed state capital,but ineffective in regions with developed private capital.(4)The intermediary effect finds that the market incentive type environmental regulation can indirectly affect industrial green total factor productivity through technological innovation capability.(5)The decomposition effect regression finds that market-incentivized environmental regulations enhance industrial green total factor productivity by promoting production efficiency and suppressing industrial pollution emissions,while administrative-ordered environmental regulations only suppress pollution emissions,fail to enhance production efficiency and suppress carbon emissions,and therefore have no significant effect on industrial green total factor productivity.(6)Under the pressure of economic growth targets,market-incentivized environmental regulation enhances production efficiency gains,but growth target pressure boosts pollution emissions.