Research On The Effect Of Green Taxation On Industrial Eco-Efficiency

There exist remarkable economic achievements accompanied with the accelerating of industrialization in China.However,it has caused the excessive consumption of energy resources and the severe damage of eco-environment.The industrial development has fallen into the dilemma of excess production capacity and serious environmental pollution,so high-quality development which pays attention to green development is a necessary way of solving the problem.After entering a new stage of development,how to deeply implement sustainable development strategy,and then promote high-quality economic development has become a key issue on China’s path in the face of increasingly significant resource and environmental constraints.In order to achieve green industrical development,environmental pollution must be strictly controlled.Meanwhile,green taxation,as a vital tool for macro-control,plays an important role in promoting the comprehensive green transformation of industrial enterprise.So,claritying the development status of green taxation and industrial eco-efficiency,and analyzing the implementation effect and impact path of current are of great significance for improving the modern taxation system,optimizing the structure of the green taxation,and promoting the green transformation of industry.Based on the research results of domestic and foreign scholars on green tax policy and industrial eco-efficiency,this paper used panel data of 30 provinces in China from2005 to 2019 to study the effect of green tax on industrial eco-efficiency by combining theoretical analysis and empirical test.Firstly,combining the externality theory,Pigou tax theory and industrial ecology theory,this paper expounded the impact mechanism of green taxation on industrial ecological efficiency from a theoretical perspective.Secondly,on the basis of defining concepts and calculations,it analyzed the time-space relationship between green taxation and industrial ecological efficiency.Further,combined with the research object,the green tax was divided into three calibers: broad,medium and narrow in the empirical part,in order to test the effect of different types of green tax on industrial eco-efficiency.specifically,the FGLS model,the mediation effect model and the spatial econometric model were used to test the direct influence mechanism,mediation transmission mechanism and spatial effect mechanism of green taxation on industrial ecoefficiency.Finally,based on the above analysis,some suggestions are put forward to improve the green tax system and promote the green transformation of the industry.The conclusions are as follows:(1)On one hand,from the perspective of green taxation,both the total amount and the intensity of the narrow green taxation were at a low level in China,while the total amount and the generalized green taxation were relatively high and had a certain intensity.In general,the structure of the green tax system was constantly being optimized,but there might still be problems such as unreasonable tax collection scope,collection standards and intensity,and limited adjustment of energy conservation and emission reduction.On the other hand,from the perspective of industrial eco-efficiency,the industrial eco-efficiency showed a fluctuating upward trend as a whole during the sample period,and showed obvious regional differences and periodic characteristics.Specifically,the industrial eco-efficiency showed a basic trend of decreasing from the eastern region to the western region,but the differences between the eastern,central and western regions were steadily narrowing,and the western region had a "late-mover advantage",indicating that industrial economic structure was constantly being optimized and upgraded in China.(2)According to the FGLS regression,it could be found that the direct impact of green tax on industrial eco-efficiency is significantly positive.Specifically,the effect of green taxation in the broad and middle senses is significantly greater than that of the green taxation in the narrow sense,and there is a problem that the promotion effect of the green taxation in the narrow sense is weak.This conclusion holds true even with robustness and endogeneity tests.(3)According to the mediation effect model,it could be found that green taxation can have mediating effects on industrial eco-efficiency through the three major paths of industrial structure advanced transformation,green finance and green technology innovation,but there are significant differences.(4)According to the spatial measurement model,it could be found that green taxation has a strong spillover effect on industrial eco-efficiency.During the sample period,the broad and narrow green taxes have significant negative spatial spillovers on industrial eco-efficiency,while the neutral green taxes are more targeted to the industrial sector,indicating that the existing green tax system may have a "pollution shelter" effect rather than a "pollution co-governance" effect.Finally,based on the above conclusions,this paper puts forward specific suggestions from the aspects of improving the green tax system,encouraging green innovation of enterprises,building a pollution source supervision system,and strengthening regional governance coordination and cooperation.