Search

This study examines the influence of digital government initiatives on corporate total factor productivity (TFP). Employing a difference-in-differences (DID) methodology and analyzing data from publicly listed companies spanning the period 2010 to 2020, we investigate the impact of digital governance on corporate TFP. Our findings reveal a noteworthy positive effect, with an average TFP increase of 5%. Further exploration through heterogeneity analysis indicates that this impact is particularly pronounced in regions with robust network infrastructure, increased marketization, and decreased economic uncertainty, particularly among privately-owned enterprises. Moreover, we identify key mechanisms through which digital governance fosters this enhancement in TFP, including the facilitation of technological innovation, efficient allocation of high-skilled labor, and improved investment efficiency. Our research underscores the significant role of digital government initiatives in bolstering corporate TFP and contributes to a deeper understanding of the mechanisms underlying this relationship. [ABSTRACT FROM AUTHOR]

As China's second-largest source of greenhouse gas emissions, agriculture is essential to achieving the goal of "carbon peak" and "carbon neutrality." Based on the measurement of agricultural carbon emissions (ACE) and agricultural carbon intensity (ACI) in 19 regions along the Yangtze River Economic Belt (YEB) and Yellow River Basin (YRB) in China from 2001 to 2020, this paper first uses the super-efficiency SBM model to measure ACE efficiency from static and dynamic perspectives. Then, the coupling coordination degree (CCD) between ACE efficiency and green finance in each region of the two basins is explored. Finally, Grey Relation Analysis (GRA) is used to obtain the influencing factors of CCD. The following conclusions are drawn: (1) The ACE in the YEB is almost twice that of the YRB. The ACE of the two basins generally experienced a trend of first growth and then declined, but the peak time was different. The ACI of the two basins showed a trend of continuous decline, and the decline rate of the YRB was faster. (2) The ACE efficiency of the two basins showed an overall upward trend, and the growth degree of different regions was vastly different. From the factor decomposition, the technological progress (TP) of the two basins significantly impacts the total factor productivity (TFP). (3) The CCD of ACE efficiency and green finance in the two basins increased from near imbalance to barely coordination level, and the CCD of the YEB increased slightly faster. The CCD of the two basins has a spatial difference of "downstream > midstream > upstream." (4) Among the influencing factors of the CCD of the two systems, the influencing degree of the factors is as follows from large to small: quality of human capital, level of economic development, government regulation, scientific and technological innovation ability. [ABSTRACT FROM AUTHOR]

The difficulty in transforming old industrial areas constitutes a significant factor contributing to regional development imbalances. Can regional tax incentives, as a crucial component of regional policies, polish the "rust belt" regions? This study leverages the inaugural Value-Added Tax (VAT) reform in China as an opportunity to explore the potential of regional tax incentives in achieving sustainable development in traditional industrial areas. Drawing upon a comprehensive industrial enterprise database, we employ a Propensity Score Matching-Difference in Differences (PSM-DID) approach to examine the efficacy of these tax incentives. Our findings reveal that: (1) Regional tax incentives primarily enhance firms productivity by stimulating investment in enterprises, yet they do not contribute to improved investment efficiency or spur innovation within firms. (2) Regional tax incentives have alleviated financing constraints for enterprises in old industrial bases, significantly enhancing the Total Factor Productivity (TFP) of firms with higher financing constraints. This policy has had an even stronger impact on improving the TFP of state-owned and monopolistic enterprises. (3) Regional tax incentives have impeded productivity growth by preventing the exit of low-efficiency firms and the entry of high-efficiency ones. These incentives also increased the likelihood of "zombie firms" forming and failed to promote endogenous economic growth in the Northeast region. Additionally, they have distorted the allocation of resources towards capital and technology-intensive industries in that area. In China's old industrial bases, regional tax incentives should be coordinated with market-oriented reforms; these regional tax incentive policies should also be further enriched. [ABSTRACT FROM AUTHOR]

Pilot Free Trade Zones (PFTZs) are a crucial new platform for China to build a more open economic system. Existing literature primarily focuses on the 'Bring In' effect of PFTZs, often overlooking the importance of 'Going Out' aspects. To bridge this gap, this paper uses data from China's Shanghai and Shenzhen A-share listed enterprises from 2007 to 2021 and constructs a time-varying difference-in-differences (DID) model to test the impact of establishment of PFTZs on international expansion of enterprises. The study finds that establishment of PFTZs can significantly promote international expansion of enterprises, with a more pronounced effect on the scope of international expansion than on its depth. Mechanism analysis reveals that PFTZs can facilitate international expansion of enterprises by driving digital transformation, enhancing total factor productivity and management efficiency, and alleviating financing constraints. Notably, senior managers with overseas work experience play a crucial role in enhancing this relationship. Further, PFTZs not only have a linkage effect with the Belt and Road Initiative but also a radiation effect on neighboring cities. This study provides an analytical perspective and empirical evidence for evaluating policy effects of PFTZs and offers valuable insights that will enable PFTZ policies to be refined and facilitate successful implementation of the 'Going Out' strategy. [ABSTRACT FROM AUTHOR]

The key to high-quality development in the textile and apparel industry lies in enhancing technological innovation and optimizing the efficiency of technological innovation. Based on data from 60 A-share listed companies in the textile and apparel sector in China from 2013 to 2022, this study employs a three-stage DEA model and the Malmquist index model to measure changes in technological innovation efficiency from static and dynamic perspectives. Additionally, it uses a Tobit model to analyze the impact and mechanisms of management and financial factors on technological innovation efficiency. The results indicate that: (1) Compared to the manufacturing industry and its sub-sectors, the overall technological innovation efficiency of listed textile and apparel companies was relatively low and showed a declining trend between 2013 and 2022; (2) Over the decade, the average total factor productivity of these listed companies increased by 1.7%, exhibiting a "W" shaped fluctuation, with technological progress, pure technical efficiency, and scale efficiency all showing weak improvement; (3) Management and financial factors significantly influence technological innovation efficiency. Specifically, employee quality, profitability, and operational capability are positively correlated with technological innovation efficiency and have long-term effectiveness, while firm age, management costs, equity concentration, development ability, and debt repayment capacity are negatively correlated with technological innovation efficiency; (4) Different types of enterprises show differences in the significance of management factors, while whether the same person holds both managerial positions significantly affects financial factors. [ABSTRACT FROM AUTHOR]

As a new business model, E-commerce brings new changes to the global economy and society. So, can E-commerce development policies promote high-quality agricultural development? This article regards the pilot construction of national e-commerce demonstration cities as a quasi-natural experiment for the development of e-commerce. Based on the E-commerce pilot and economic and social development data of national prefecture-level cities from 2004 to 2018, the agricultural total factor productivity calculated by the Fare-Primont index method is used as the characterization of the quality of urban agricultural development, and an empirical model is constructed under the progressive Differences-in-Differences framework. This paper empirically tests the overall impact of E-commerce development on the high-quality development of agriculture and its sources, analyzes the heterogeneity and dynamics of the impact, and investigates the possible impact mechanism. The result shows that from the overall impact and its sources, the development of E-commerce in cities has a positive impact on the high-quality development of agriculture, and the impact is mainly due to its role in promoting technological innovation and economies of scale. From the perspective of heterogeneity, the larger the population size of a city, the more significant the level of e-conomic development or Internet development. From the perspective of the dynamic impact, the positive impact of e-commerce development becomes more significant over time. With the passage of time, the impact of E-commerce on high-quality agricultural development policies shows a trend of first increasing and then decreasing. Overall, this study provides empirical evidence for the rationality and effectiveness of policies and measures related to E-commerce to promote the high-quality development of agriculture. [ABSTRACT FROM AUTHOR]

To explore the relationship between air pollution and total factor productivity and new pathways, This paper examines the impact of air pollution on total factor productivity of A-share listed companies in Shanghai and Shenzhen between 2015 and 2019. It investigates this relationship by considering two pathways: investor sentiment and government attention. The findings indicate that air pollution suppresses total factor productivity of firms. However, air pollution stimulates investor sentiment, which in turn increases R&D investment and total factor productivity, reducing to some extent the dampening effect of air pollution on total factor productivity. There exists a notable positive correlation between air quality and government attention, acting as a mediating variable. This implies that air pollution has the potential to capture the attention of governmental entities, leading to the implementation of appropriate measures aimed at managing and mitigating the occurrence of air pollution caused by industrial enterprises.And the relevant governments should formulate a series of policies to meet the different needs of different enterprises. These two approaches have varying impacts depending on the type of enterprises, thus governments should develop laws to cater to the various demands of different types of enterprises. [ABSTRACT FROM AUTHOR]

With the predicament of sustainable improvement in traditional cities, the low-carbon city pilot policy (LCCPP), as a novel development mode, provides thinking for resolving the tensions of green development, resource conservation and environmental protection among firms. Using Chinese A-share listed companies panel data during 2007–2019, this study adopts the difference-in-differences model to explore the impact of LCCPP on firm green innovation. Based on theoretical analysis, LCCPP-driven environmental rules have the impact of encouraging business green innovation. The relationship between LCCPP and green innovation is strengthened by external media attention and organizational redundancy resources. The mechanism study shows that the incentive effect of LCCPP on firm green innovation is mainly due to the improvement of enterprises' green total factor productivity and financial stability. In addition, the heterogeneity analysis shows that the LCCPP has significantly positive effects in promoting green innovation in high-carbon industries and state-owned enterprises. This research contributes to the understanding of city-level low-carbon policies as a driving force for corporate green innovation, offering practical implications for policymakers and businesses striving for sustainability. [ABSTRACT FROM AUTHOR]

Intellectual property is crucial for the development of firms. At the micro level, firm comprehensive intellectual property ability involves abilities about intellectual property creation, utilization, protection, and management. In order to develop the comprehensive intellectual property ability of firms, the China National Intellectual Property Administration began to implement the national intellectual property demonstration advantage firm (NIPDAF) policy in 2013. Based on this exogenous policy shock, using data from listed companies from 2011 to 2020 as the research sample, the time-varying DID method is used to test the impact of the NIPDAF policy intended to cultivate comprehensive intellectual property ability on firm productivity. The results show that after policy implementation, the total factor productivity of NIPDAFs increased by about 3.3% compared to the control group. This finding is robust after a series of tests. Furthermore, the NIPDAF policy promotes firm productivity through stimulating technology innovation, improving investment efficiency, and enhancing competitive advantage. In addition, the NIPDAF policy has a more significant incentive effect on the total factor productivity of non-state-owned enterprises, firms in the eastern region, and firms in patent intensive industries. [ABSTRACT FROM AUTHOR]

With the increasing prominence of climate and energy issues, enterprises, as the micro-subjects of economic activities, need to pay attention to environmental responsibility to promote sustainable and high-quality economic development. However, one of the crucial controversies is whether enterprises will sacrifice efficiency to fulfill their environmental responsibilities. To try our best to answer the controversy, this paper explores the impact of ESG on total factor productivity and its mechanism. The research conclusion shows that Chinese enterprises fulfilling ESG responsibilities can improve staff efficiency, reduce financing costs, ease financing constraints, and increase innovation investment, thus effectively improving total factor productivity. Compared to non-state-owned enterprises, this effect is more significant in state-owned enterprises. In addition, the promotion of ESG construction on the total factor productivity of enterprises also presents specific acceleration characteristics. This shows that in the socialist market economy environment, there is an obvious "social responsibility dividend" in the implementation of the ESG concept by Chinese enterprises, which is helpful to enhance their long-term value and realize a win-win of social value and commercial value. The conclusions of this study help deal correctly with the relationship between business value and social value of enterprises and provide inspiration for promoting healthy and sustainable economic development. [ABSTRACT FROM AUTHOR]

In China, the number of senior citizens has grown, along with the burden of old age, and aging has hampered economic growth. The advent of the digital age has led to the emergence of the digital economy as a new engine for economic growth. This paper uses DEA-Malmquist index model to measure the total factor productivity growth rate of 31 provinces in China from 2011 to 2021, and uses the moderating effects model to empirically investigate the relationship between the digital economy, aging and total factor productivity, and to verify whether the development of the digital economy can mitigate the negative impact of aging on total factor productivity. The results show that aging inhibits total factor productivity growth, and the digital economy can promote total factor productivity growth. Digital economy can alleviate the negative impact of aging on total factor productivity growth, and has a moderating effect. Digital economy plays a moderating role by improving the level of human capital and facilitating technological progress. The regional heterogeneity analysis shows that the moderating effect of the digital economy exists in the eastern and western regions and the southern region, but not in the central region and the northern region. Furthermore, the digital economy has a moderating effect on both the high and low aging groups. The research in this paper not only helps to evaluate the productivity effects of the digital economy, but also has important implications for finding ways to mitigate the negative effects of aging. [ABSTRACT FROM AUTHOR]

The exploration of the agricultural carbon emission reduction effect of digital rural construction offers a promising path towards achieving dual carbon goals. This study establishes an evaluation system for digital rural construction and analyzes its impact on agricultural carbon emissions using various creative techniques including panel fixed effects, mediation effects, threshold effects, and spatial Durbin models based on provincial panel data from 2011 to 2021.It is found that: (1) The impact of digital rural construction on agricultural carbon emissions exhibits a "inverted U-shaped" pattern, with a nonlinear effect on emissions through promoting agricultural green total factor productivity and adjusting agricultural structure.(2) Digital rural construction has both promoting and inhibiting effects on agricultural carbon emissions, both locally and in adjacent areas. It also demonstrates a threshold effect, with rural human capital as the sole threshold. Once the threshold value 8.830 is surpassed, the agricultural carbon emission reduction effect becomes prominent.(3)Digital rural construction has a dual effect on local agricultural carbon emissions in terms of both promoting and then restraining the emissions, which has a spatial spill-over effect in the neighboring areas. This study contributes to our understanding of carbon reduction pathways by highlighting the comprehensive utilization of digital rural construction and expanding research on the dynamic context of its impact on carbon emissions. [ABSTRACT FROM AUTHOR]

Improving agricultural total factor productivity is crucial for comprehensive rural revitalization and building a strong agricultural nation. Digital inclusive finance amalgamates the benefits of digital technology and inclusive finance, mitigating financial exclusion in agricultural production. It fosters rural revitalization and the modernization of agriculture by bolstering farmers' innovation, entrepreneurship, and agricultural technology advancements. Consequently, it significantly enhances overall agricultural total factor productivity. This study uses panel data from 2011 to 2020 to empirically investigate the impact and mechanism of digital inclusive finance on agricultural total factor productivity in Zhejiang Province, China. The research results show that digital inclusive finance significantly enhances agricultural total factor productivity in Zhejiang Province, which holds true even after a series of robustness tests. Analysis of the mechanism reveals that the integrated development of rural industries plays a crucial mediating role in empowering agricultural total factor productivity through digital inclusive finance. Furthermore, heterogeneity analysis indicates that the positive effect of digital inclusive finance on agricultural total factor productivity is more pronounced in the northeastern region of Zhejiang Province and in areas ranked in the second tier of agricultural development. Therefore, we recommend comprehensively enhancing the development of digital inclusive finance in rural areas, fostering a financial ecosystem that integrates rural industries, promoting the coordinated development of digital inclusive finance in different regions, and comprehensively improving agricultural total factor productivity. [ABSTRACT FROM AUTHOR]

Based on Resource-based theory and Internal Control (IC) theory, this study elucidates the impacts of corporate digital transformation on total factor productivity, and IC effectiveness, as well as the mechanism among digital transformation, IC and total factor productivity. The results show that digital transformation promotes total factor productivity and IC effectiveness. And effective IC has a significant mediating effect for the impact of digital transformation on total factor productivity. Heterogeneity discussion shows that compared with high-tech enterprises, in non-high-tech ones, digital transformation increases total factor productivity, and more significantly enhances IC effectiveness, presenting a mechanism that digital transformation facilitates IC, and increases total factor productivity. For non-high-tech enterprises, with higher heterogeneity of executive education backgrounds, digital transformation promotes IC effectiveness and total factor productivity, showing the transmission effect among digital transformation, IC and total factor productivity. Finally, it is suggested that the regulatory authorities advance digital infrastructure construction, to reinforce IC and risk prevention, thereby increase total factor productivity. And enterprises grasp the opportunity of digital economy development, promote the mechanism that digital transformation facilitates IC effectiveness, and increases total factor productivity. Non-high-tech ones motivate digital elements' governance efficacy, optimize executive structure, coordinately promote digital strategy, and help the national economy acquire high-quality development. The study provides enlightenments to achieve high-quality development. [ABSTRACT FROM AUTHOR]

Under the ongoing implementation of the "dual carbon" goal, research has focused on the impact of Environmental, Social, and Governance (ESG) initiatives on green innovation. However, few studies have analyzed in depth the mechanisms of ESG impact on green total factor productivity (green TFP). Here, we explored the impact of ESG performance on green TFP, green technical efficiency, and green technological progress using A-share listed companies in China's Shanghai and Shenzhen stock markets from 2011 to 2021. The results show that good ESG performance can significantly improve the green TFP of enterprises, and that this effect is more prominent in industries with lower environmental risks and enterprises in the growth and maturity stages. We identified the importance of the psychological account path and propose that the promotional effect of ESG performance on green TFP mainly derives from improving green technical efficiency, rather than from expanding green technological boundaries. These findings have practical implications for guiding companies to implement ESG concepts, strengthening the synergistic role of government regulation and professional supervision, and promoting micro-level implementation of innovation-driven and sustainable development strategies, thereby promoting high-quality development. [ABSTRACT FROM AUTHOR]

The development of information technology has created conducive conditions for the digital economy. The digital economy is regarded as a critical pathway for transforming traditional economic models. Green total factor productivity serves as an indicator for assessing the quality of economic development. During pivotal periods of economic transition, the digital economy and green total factor productivity have emerged as two prominent themes for achieving sustainable economic development. But the impact of digital economy on green total factor productivity is less discussed. Innovation environment refers to a confluence of conditions shaped by factors such as talent, funding, cultural atmosphere and government policies, all of which collectively support innovative activities within a region. The institutional environment encompasses the aggregate of economic, political, social, and legal rules. Currently, there is little discussion on bringing innovation environment and institutional environment into the impact of digital economy on green total factor productivity. To fill the research gap, this paper adopts the Slack based measure-Directional distance function model and Malmquist-Luenberger productivity index to measure green total factor productivity in each region based on the panel data collected from 30 provinces in China from 2004 to 2019. Generalized Method of Moments method is constructed to carry out an empirical study on the impact of digital economy on green total factor productivity. This paper constructs a panel threshold model with innovation environment and institutional environment as threshold variables. In further analysis, this paper employs panel quantile regression for the empirical analysis of the impact of the digital economy on green total factor productivity. Further analysis elucidates the evident disparities in the influence of the digital economy on green total factor productivity at various levels. The research results can provide a guide for discussing the green value of the digital economy and its role in fostering the development of a green economy. [ABSTRACT FROM AUTHOR]

The South-to-North Water Diversion Project (SNWDP) is believed to drive the next phase of sustainable productivity growth, meeting growing water demand, so as to address increasing environmental sustainability challenges. The Middle Route of SNWDP is regarded as an extremely large long-distance inter-basin water diversion project, which has benefited Henan, Hebei, Tianjin and Beijing since 2014 with great sustainable changes to the cities, groundwater, ecological environment, industrial structure and social development of the beneficiary areas. Taking the number of industrial enterprises above designated size (IEDS) in the water-receiving areas as the research object, this paper takes the year of policy implementation 2014 as the basic time point, evaluating the change of the number of IEDS in the beneficiary areas of the Middle Route of SNWDP through difference-in-difference model. The results show that: (1) The Middle Route of SNWDP promotes the additional growth of the number of IEDS in the beneficiary areas. (2) When the Middle Route of SNWDP promotes the growth of the number of IEDS in beneficiary areas, there is no regional difference for regions with different development levels. (3) The reasons why the Middle Route of SNWDP contributes to the additional growth of the number of IEDS are composed of promoting mixed ownership reform of enterprises in beneficiary areas, increasing water supply and increasing population. However, the Middle Route of SNWDP has not had a significant impact on the traditional total factor productivity or the components of production factors, technology and capital. From the final outcome, the South-to-North Water Diversion Project has played a facilitating role in the sustainable development of large-scale enterprises in the water-receiving areas. [ABSTRACT FROM AUTHOR]

The importance of digital transformation (DGT) for increasing productivity cannot be negated and Chinese firms are rapidly embracing the digital transformation for their sustainability. But the mechanism and impact of digital transformation on total factor productivity (TFP) of firms is still unclear and this study is intended to fill this gap using the data of 3112 listed firms of China during 2011 to 2022. We applied various econometric techniques like stepwise regression analysis, instrumental variable approach, differences in difference approach, and mediating analysis to determine the relationship between digital transformation and TFP and robustness of estimated findings. The findings indicate that DGT has a positive impact on overall TFP of firms in China while operating efficiency, cheaper costs, and a stronger capacity for innovation mediates this relationship. Moreover, it is explored that conventional information and communication technologies have not significant impact on TFP of firms. The findings of the study remain valid even applying many robustness checks and attempts to control the issue of endogeneity. To fully leverage the potential benefits of digital transformation on TFP, it is essential to focus on enhancing digital literacy and skills among the workforce. Governments and relevant stakeholders should prioritize and invest in comprehensive digital literacy and skills training programs to empower the workforce with the knowledge and expertise needed to navigate the digital age effectively. [ABSTRACT FROM AUTHOR]

This study utilizes panel data from 30 provinces in mainland China from 2011 to 2020 to investigate the impact of carbon-neutral development on economic high-quality development by constructing an economic high-quality development index and a carbon-neutral development index. Firstly, the study examines the effects of carbon-neutral development on economic high-quality development using baseline regression and spatial Durbin regression. The results indicate that carbon-neutral development has a positive direct effect on economic high-quality growth, but there are negative spatial spillover effects. Secondly, this study employs total factor productivity (TFP) as an intermediate variable in the mediation model regression. The findings demonstrate that carbon-neutral development significantly improves TFP, and the significant improvement in TFP promotes high-quality economic growth. Lastly, the study conducts regional heterogeneity analysis and finds a significant promoting effect of carbon-neutral development on economic high-quality development in the eastern and central regions of China, while it is not significant in the western region. Therefore, it is recommended that China, in the process of achieving carbon-neutral growth, consider the geographical connections between different regions to prevent negative spillover effects. Additionally, regional heterogeneity should be taken into account when formulating relevant policies to promote economic high-quality development. [ABSTRACT FROM AUTHOR]

Educational resource utilization efficiency (ERUE) and productivity growth are considered current global challenges that the modern world faces. This study evaluates the educational resource utilization efficiency, dynamic productivity change, and regional discrepancies in technologies involved in educational resource utilization in 35 European countries and four regions. DEA Super SBM, Meta frontier analysis, and Malmquist productivity index are employed to gauge the ERUE, technology gap ratio (TGR), and total factor education resources productivity change. A set of inputs and outputs is used from 35 European countries for the study period of 1998–2021. Results revealed that the average ERUE in European countries is 0.6312, Which indicates a 36.88% improvement potential in educational resource utilization. Southern Europe continuously exhibits superior average ERUE scores (0.6871) compared to other regions, indicating a higher efficiency in using educational resources. Luxembourg (1.0813), Czechia (0.9356), and Slovenia (0.8984) are found to be the top three performers in terms of ERUE level. The technology gap ratio value is highest in Southern Europe. It demonstrates that southern European countries used the most advanced technology in education resource utilization. The average Malmquist Index (MI) in European countries is 1.0349. It Indicates a 3.49% growth in educational resource utilization. Technology is the primary determinant of productivity growth, as Technological change is higher than efficiency change. Southern European countries showed the highest MI of 1.0542. Italy, Lithuania, and Serbia were found to have higher average MI scores over the study period (1998–2021). Finally, the Kruskal Wallis test proved that ERUE and TGR in 4 different regions of Europe are heterogeneous. In contrast, the MI in European regions isn't found to be significantly different. [ABSTRACT FROM AUTHOR]

China has the most minimal proportion of intermediate service inputs among the input-output datasets encompassing 43 countries and regions within the WIOD database. This study employs a non-parametric estimation methodology to compute the appropriate input levels for two distinct categories of intermediate goods. Furthermore, it evaluates the decline in total factor productivity resulting from distortions in intermediate input. The research findings are as follows: 1) China's producer services exhibit an output elasticity approximately twice that of industrial intermediate goods. However, the input for producer services is only about half of that for the latter. This points to a notable deviation of China's input for producer services from the optimal level. 2) Upon achieving an optimal level of input allocation for intermediates, the entire industry could experience an 11.48% boost in total factor productivity. In particular, the manufacturing sector could witness an impressive surge of 33.91%. 3) A positive correlation is discerned between intermediate input distortions and the import of intermediate products. [ABSTRACT FROM AUTHOR]

The spatial spillover of urban innovation has increasingly become an important factor affecting urban total factor productivity (TFP) growth. Based on the panel data of 108 cities in the Yangtze River Economic Belt from 2004 to 2020, this paper illustrates the spatial-temporal evolution trend of urban innovation and manufacturing total factor productivity and uses the spatial Dubin model to study the direct and indirect effects of urban innovation on manufacturing total factor productivity. The main conclusions are as follows:(1)Spatial correlation and heterogeneity between urban innovation and manufacturing total factor productivity prove to be significant in the Yangtze River Economic Belt;(2)Urban innovation has a significant positive impact on manufacturing total factor productivity and has a positive spillover effect on surrounding cities; (3)The effect of urban innovation on manufacturing total factor productivity varies with time and region;(4) Mechanism analysis shows that talent agglomeration significantly promotes the positive impact of urban innovation on manufacturing total factor productivity, while the spillover effect is insignificant. [ABSTRACT FROM AUTHOR]

Digital transformation plays a crucial role in improving the quality development of companies in this era of digital economy with ever-changing technologies. This paper empirically investigates the impact of corporate digital transformation on total factor productivity and the mechanism of action, using A-share listed companies in Shanghai and Shenzhen from 2011–2021 as the research sample, and found that the digital transformation of companies significantly improves total factor productivity, with the plausibility of the findings being verified by a series of robustness tests. Based on the heterogeneity study, it is found that such effect is stronger for private companies, non-high-tech companies, and companies with a high degree of industry competition. The mechanism test indicates that digital transformation facilitates total factor productivity through four ways: strengthening company technological innovation, reducing operational costs, increasing resource allocation efficiency, and improving human capital structure. The findings of this paper support a better understanding of the micro effects of digital transformation and provide empirical evidence for policy formulation and adjustment. [ABSTRACT FROM AUTHOR]

Innovation drive differs from investment drive and resource drive in that it focuses on knowledge and skills to promote productivity growth. By integrating technical standards within the framework of an innovation-driven development system in this work, theoretical implications for this development strategy may be revealed. Following our theoretical study, we built a PECM utilizing China's inter-provincial panel data from 2007 to 2020 to investigate the long and short-term relationships between standardization, R&D, and innovation-driven development. The following are the key findings: First, both standardization and R&D are the nation's critical engines of innovation-driven development. Second, standardization has the greatest impact on TFP through improving technical efficiency, whereas R&D drives both technical development and technical efficiency improvement. Third, while the influence of technical standard drafters' production scale on scale efficiency was insignificant from 2007 to 2013, it became substantial after 2014 with China's macroeconomic reform of "transforming the mode and changing the structure." [ABSTRACT FROM AUTHOR]

The long-term and stable development of agriculture is the key to China's economic development and social stability. Agricultural total factor productivity and the digital economy have become new kinetic energy and new engines driving agricultural high-quality development. It is of great significance to verify whether there are significant spatial and threshold effects in the process of high-quality development of agriculture and to explore the intrinsic relationship between high-quality development of agriculture and agricultural total factor productivity and digital economy. This paper takes 31 provinces in China from 2011 to 2020 as the research object. The coefficient of variation method is used to estimate the comprehensive evaluation index of agricultural high-quality development and digital economy. And Dea-Malmquist index method is used to estimate agricultural total factor productivity. On this basis, the spatial Durbin model and threshold regression model are constructed to explore the spatial and threshold effects of agricultural total factor productivity, digital economy and other factors and high-quality agricultural development. The conclusion is as follows: the high-quality development of agriculture has significant spatial autocorrelation. Agricultural total factor productivity and digital economy have significant direct effect and indirect spillover effect on the high-quality development of agriculture. Agricultural total factor productivity has stage differences in each range of digital economy level, but its influence on agricultural high-quality development shows a positive state. Based on this, the paper puts forward some countermeasures to promote the high-quality development of agriculture. [ABSTRACT FROM AUTHOR]

Under the new development pattern, both "digital" and "low-carbon" development have entered the fast track, and digital transformation has become an important path to promote green development and enhance total factor productivity in agriculture. Based on the data of agricultural companies, this paper empirically verifies the impact of voluntary environmental regulations on total factor productivity. The empirical results show that voluntary environmental regulation has a significant positive impact on total factor productivity of agribusiness. In the mechanistic analysis, it is found that voluntary environmental regulations accelerate the digital transformation process of firms, which in turn increases their total factor productivity. In addition, the level of government environmental concern contributes to the increase of voluntary environmental regulations on firms' total factor productivity. The findings have practical implications for the sustainable development of agribusiness, providing empirical evidence for policy formulation and adjustment, and helping the agricultural economy to achieve high-quality development. [ABSTRACT FROM AUTHOR]

The efficient allocation of sports resources for optimal outcomes remains a pressing national endeavour in China. Over the past two decades, substantial investments by provincial and national governments have been directed toward sports infrastructure development. This initiative aims to foster sports talent, facilitate excellence, host major sporting events, and enhance national pride and soft power. This study employs a comprehensive methodology encompassing Data Envelopment Analysis-Slack Based Measure (DEA-SBM), Meta Frontier Analysis, and Malmquist Productivity Index to assess Sports Resource Utilization Efficiency (SRUE), Technological Gap Ratio (TGR), and Productivity Growth (MI) across China's 31 provinces and 3 distinct regions for the period 2010–2021. The findings indicate that China's average SRUE stands at 0.6307, revealing an inefficiency of 36.93% in sports resource utilization. Noteworthy efficiency was observed in Beijing, Chongqing, Henan, Shaanxi, Shanghai, and Tianjin during the study duration. Furthermore, a consistent upward trajectory in SRUE from 2010 to 2021 highlights gradual and sustained progress. Comparatively, the eastern region showcases higher technological advancement (average TGR of 0.7598) than the central and western regions. The Malmquist Productivity Index (MI), with an average value of 1.05391, highlights a substantial 5.39% productivity growth. Notably, technological advancement emerges as the primary driver of this productivity increase, evident through the higher Total Factor Productivity Change (TC) of 1.0312 compared to the Efficiency Change (EC) of 1.0209. The Central region's outperforming productivity growth is noteworthy relative to the Eastern and Western regions. Conclusively, the Kruskal-Wallis test confirms significant disparities in the average MI, EC, TC, and TGR among all three regions of China. [ABSTRACT FROM AUTHOR]

Goodwill has been a controversial issue in China since 2007 when the new accounting standards changed the subsequent measurement of goodwill from periodic amortization to impairment testing. Using the change in subsequent measurement of goodwill, this paper examines the impact of goodwill accounting on corporate M&A and industry development. The paper finds that adopting the goodwill impairment test significantly increases firms' M&A incentives, as evidenced by a significant increase in the frequency and probability of M&A and a significant reduction in the time interval between successive M&A at the industry level. From an industrial perspective, the impairment policy has significantly improved industry concentration, total factor productivity, and competitive advantage in international trade across Chinese industries. The positive impact of goodwill impairment policy on M&A is more pronounced among firms with asset-light characteristics or high P/E ratios, and its contribution to industry competitiveness is more pronounced in asset-light or high P/E ratios industries. From the perspective of promoting capital market mergers and acquisitions and industry competitiveness, the article finds that the current goodwill impairment policy can have positive economic consequences. Our study breaks through existing perspectives to provide compelling empirical evidence for the current theoretical and practical controversy over goodwill measurement standards. [ABSTRACT FROM AUTHOR]

We investigate the extent and nature of productivity growth in Sub-Saharan African countries using non-parametric frontier techniques. In this work, we examine agricultural total factor productivity (TFP) change in 44 countries in Sub-Saharan Africa (SSA), covering a period of fifty-nine (59) years (1961–2019). We make use of data drawn from the Food and Agriculture Organization of the United Nations. Due to the non-availability of reliable input price data, the study uses data envelopment analysis (DEA) to derive Malmquist productivity indices. The results demonstrate a decline in agricultural TFP growth in the region from 1961 to 2019. This notwithstanding, a general average growth was seen in some of the conventional inputs measured (land, labour, capital, and fertilizer) which are the main drivers of growth in the region. This finding implies that the increase in agricultural output over the past five decades in SSA is mainly due to an increased use of conventional inputs over time, including land, and not due to an increase in the ratio of output over inputs. As a generally acceptable and preferred indicator of technical and efficiency changes, we use TFP to calculate the Malmquist productivity index (MPI). [ABSTRACT FROM AUTHOR]

The negative impact of the financialization of non-financial firms cannot be ignored in China. However, existing studies neglect that the government environmental governance is an important influential factor in corporate investment decisions. Using a sample of China's non-financial listed firms from 2007 to 2020, we examine the impact of local governments' energy-saving target constraints on the financialization of local firms in terms of whether local governments set numerically specific energy-saving targets in the Government Work Reports. The main findings of this paper are as follows. First, local governments setting clear energy-saving targets inhibit local firms' financialization and the result holds even after a series of robustness tests. Second, the negative association between local governments' energy-saving target constraints and firm financialization is more pronounced among firms in eastern regions and green provinces. Third, the quality of firm information disclosure and local environmental public supervision enhance the inhibiting effect of local governments' energy-saving target constraints on firm financialization. Fourth, local governments' energy-saving target constraints restrain firm financialization by attracting more external analyst coverage and encouraging internal technological innovation. Moreover, this inhibiting effect can help reduce overinvestment and improve the total factor productivity of firms. Our study provides evidence supporting firm financialization studies from the novel perspective of government environmental governance. [ABSTRACT FROM AUTHOR]

Using the margin trading reform of China's stock market as a quasinatural experiment, this paper explores whether margin trading promotes the high-quality development of listed companies. The results show that total factor productivity (TFP) significantly decreases after listed companies are included in the underlying stocks of margin trading. In addition, the negative impacts are stronger for listed companies with higher financial leverage, lower cash asset holdings, lower shareholdings of financial institution investors, and less attention from securities analysts. Further research shows that the negative impacts of margin trading on TFP are closely related to the deterioration of the information environment and the tightening of financing constraints. When listed companies are included in the underlying stocks of margin trading, they use a lower proportion of their net profit for internal financing (and a higher proportion of their net profit for cash dividends) and significantly reduce external equity financing. The results of this study show that the margin trading reform in China's stock market may inhibit the high-quality development of listed companies to a certain extent. [ABSTRACT FROM AUTHOR]

Objectives: The improvement of the manufacturing industry's total factor productivity depends not only on innovation factor double circulation, but also on cross-border mobility to a large extent. Methodology: This paper constructs a model that demonstrates the impact of innovation factor double circulation and cross-border flow on the manufacturing industry's total factor productivity, and it seeks to estimate this impact by using panel data from China's manufacturing industry taken from the period 2009–2020. Findings: It finds the path dependence of innovation factors significantly increased their double circulation cost, and did not significantly improve the manufacturing industry's total factor productivity. Conclusion: It finds the path dependence of innovation factors significantly increased their double circulation cost, and did not significantly improve the manufacturing industry's total factor productivity. Cross-border flow improves the marginal efficiency of innovation factors, realizes the spatial agglomeration of high-end innovation factors and greatly promotes the double circulation of innovation factors in a way that effectively improves the manufacturing industry's total factor productivity. Implications: These conclusions have profound policy implications: cross-border flows can promote the incremental adjustment of innovation factors; fully release the development potential and toughness of the dual circulation of innovation factors; and are essentially conducive to improving the manufacturing industry's total factor productivity. [ABSTRACT FROM AUTHOR]

Factor price distortions and resource misallocation are important sources of productivity differences between regions. Promoting the free flow of factors of production is conducive to giving full play to the decisive role of the market in allocating resources, which is crucial to helping a country's economy develop in a high-quality and sustainable manner. This paper proposes a new approach to measuring factor market distortions and establishes the relationship between factor price distortions and a country's economic growth. This paper examines the resource misallocation and efficiency loss of 31 provinces in China from 2004 to 2020, and proposes an analytical framework for resource misallocation among regions, with which the Total Factor Productivity (TFP) and the factor price distortion of provinces in China are calculated. The calculation results indicate that the TFP of China's provinces gradually declines from the eastern coast to the western inland. The resource allocation efficiency in the eastern and central areas is higher than that in the western areas, so is the factor price, and its distortion causes nearly 6% of loss of output value in China. China's economic growth is still reliant on the increase of factor input and technological development and the improvement of resource allocation efficiency has no significant effect on growth. [ABSTRACT FROM AUTHOR]

Whether the place-based industrial policy promotes regional economic growth is a hot issue in the field of regional industrial economic practice. As a major national strategy in China, the Beijing-Tianjin-Hebei industrial coordinated development policy has been implemented more than 8 years. Verifying its effect on regional economic growth and revealing the policy action path will help to further optimize the policy implementation process through feedback. In this paper, the policy effect and its differentiation are empirically studied from 'quality' and 'quantity' respectively by establishing a growth model using the Dual Differences method. The results show that the Beijing-Tianjin-Hebei industrial coordinated development policy improves total factor productivity by 2.26% in terms of 'quality', and reduces GDP growth rate by 4.65% in terms of 'quantity'. For the different region, the GDP growth rate increased by 1.28%, while total factor productivity decreased by 2.63% in Beijing, the GDP growth rate decreased by 3.17% and total factor productivity increased by 0.87% in Tianjin, and the GDP growth rate increased by 2.56% and total factor productivity increased by 1.58% in Hebei. The policy is mainly realized by fixed asset investment, capital deepening degree and enterprise scale expansion, while the effect of labor input, R&D investment and enterprise number is not significant. The policy is to give full play to the driving role of fixed asset investment such as "new infrastructure", increase investment in labor and research and development in the region, strengthen the construction of a competitive market environment, and stabilize the 'quality' and 'quantity' to further release policy dividends. [ABSTRACT FROM AUTHOR]

Measuring regional differences in agricultural green total factor productivity (AGTFP) provides a basis for policy guidance on agricultural green development in the Yangtze River Delta (YRD) region. By constructing a two-period Malmquist–Luenberger index under the carbon emission constraint, we measure the AGTFP of cities in the YRD region from 2001 to 2019. Furthermore, adopting the Moran index method and the hot spot analysis method, this paper analyzes the global spatial correlation and local spatial correlation of AGTFP in this region. Moreover, we investigate its spatial convergence. The results show that the AGTFP of 41 cities in the YRD region is on an increasing trend; the growth of AGTFP in the eastern cities is mainly driven by green technical efficiency, while this growth in the southern cities is mainly stimulated by green technical efficiency and green technological progress. We also find a significant spatial correlation between cities' AGTFP in the YRD region from 2001 to 2019, but with certain fluctuations, showing a U-shaped trend of "strong-weak-strong". In addition, absolute β convergence of the AGTFP exists in the YRD region, and this convergence speed is accelerated with the addition of spatial factors. This evidence provides support for implementing the regional integration development strategy and optimizing the regional agricultural spatial layout. Our findings offer implications for promoting the transfer of green agricultural technology to the southwest of the YRD region, strengthening the construction of agricultural economic belts and agricultural economic circles, and improving the efficiency of agricultural resource use. [ABSTRACT FROM AUTHOR]

The Chinese central government established eight pilot zones in five provinces for green finance reform and innovations (GFRI) in 2017. The pilot zones promote green finance development and explore the propagable and reproducible experiences regarding mechanisms and institutions. Adopting a sample of China's listed companies from 2012 to 2021, this paper constructed a quasi-natural experiment and investigated the GFRI policy's effect on firms' total factor productivity (TFP) using the difference-in-differences (DID) method to verify the implementation effect of the GFRI policy. Furthermore, heterogeneity analysis and mechanism analysis were conducted to identify the guidance effect and deep mechanisms of the GFRI policy. The empirical results demonstrated that firms' TFP in pilot zones increased substantially after implementing the GFRI pilot policy, confirming that the policy had a strong incentive effect. The corresponding promoting effect was particularly significant for non-state-owned companies, the eastern and central regions, and firms in the growth stage. Further mechanism analysis revealed that the GFRI pilot policy can stimulated firms' TFP by promoting technological innovation and improving resource allocation efficiency. This paper's empirical findings are essential in improving relevant policies and expanding the pilot zones. [ABSTRACT FROM AUTHOR]

Based on China's transaction-level trade data and firm-level production data during the period 2000–2006, this paper firstly estimates the export cutoff productivity by applying non-parametric ROC method. The results are as follows. First, under the full sample, the export cutoff productivity is 7.051. Second, the export cutoff productivity of home enterprises is relatively low, and that of foreign enterprises is relatively high. Third, the export thresholds of capital-intensive and technology-intensive industries are relatively high, while that of labor-intensive industry is relatively low. Fourth, the export threshold of western provinces is relatively high, followed by central provinces and eastern provinces. In addition, this paper investigates the dynamic change of export threshold. The result indicates that the evolution of export threshold is generally a horizontal S-shape during the sample period, and after China's accession to WTO in 2001, it is an inverted U-shape. [ABSTRACT FROM AUTHOR]

According to the standard of GB/T4754-2017 Classification of National Economic Industry and the characteristics of the textile and apparel industry, the textile and apparel industry is divided into three categories: textile industry, clothing industry and chemical fiber manufacturing industry. Based on the panel data of the textile and apparel industry from 2010 to 2019, this paper measures green total factor productivity (GTFP) by using the unexpected output super efficiency SBM model and the ML index. On this basis, this paper empirically tests the impact of digital economy on the GTFP of textile and apparel industry, and the dual intermediary effects of rationalization of industrial structure and advanced industrial structure are discussed. The results show that: (1) The GTFP of the textile and apparel industry shows a fluctuating upward trend, but it is in a state of low growth. (2) Digital economy has a significant effect on promoting the GTFP. Among them, it has a positive effect on the improvement of GTFP in textile industry, but has no obvious effect on the clothing industry, and has a restraining effect on the chemical fiber manufacturing industry. (3) In the process of the impact of digital economy on GTFP, the rationalization of industrial structure has a partial intermediary effect, and the level of effect reaches 35.81%, while the advancement of industrial structure does not necessarily have a "structural dividend", and its influence on GTFP is non-linear. This paper enriches the research on the influencing factors of GTFP, and is also an effective supplement to the research on digital economy. The conclusions provide a reliable empirical basis for digital economy to help the textile and apparel industry pollution control, and also provide policy references for giving full play to the green value of digital economy. [ABSTRACT FROM AUTHOR]

Urban economic development is crucial to regional economy and people's life, and enhancing the efficiency of urban economic development is of great significance to boost sustainable and healthy economic and social development. In this paper, from the perspective of sustainable development, data of 104 cities in China's Yangtze River Economic Belt (YREB) from 2004 to 2019 are selected, and the urban resource consumption index and urban pollutant emission index are synthesized as new input-output indicators using the Time Series Global Principal Component Analysis (GPCA), combined with the Global Malmquist-Luenberger (GML) Index Model, Standard Deviation Ellipse (SDE) Model to measure the total factor productivity index of urban economic development in China's YREB and analyze its spatial and temporal evolution. The results show that from 2004 to 2019, the total factor productivity index of urban economic development in China's YREB showed an overall fluctuating upward trend with an average annual growth of 5.8%, and the analysis by decomposing indicators shows that the growth of total factor productivity of urban economic development in China's YREB is mainly influenced by the growth of technological progress. Meanwhile, there are obvious regional differences in the efficiency of urban economic development in China's YREB, with the largest difference in the middle reaches of the Yangtze River, the second largest in the upper reaches, and the smallest in the lower reaches. From 2004 to 2019, the efficiency center of gravity of urban economic development efficiency in the YREB has always been located in the middle reaches of the Yangtze River region. The spatial distribution pattern of urban economic development efficiency in the YREB is dominated by the northeast-southwest direction and tends to be concentrated in the study time period. [ABSTRACT FROM AUTHOR]

Unveiling the main drivers of economic growth is of paramount importance. Previous research recognizes the critical role played by the factors of production: capital and labor. However, the exact mechanisms that underpin Total Factor Productivity (TFP) are not fully understood. An increasing number of studies suggests that the creation and transmission of knowledge, factor supply and economic integration are indeed crucial. Yet, the need for a systematic and unifying framework still exists. Nowadays capital and labor are embedded into a complex network structure through global supply chains and international migration. Recent research has established a link between network centralities and different types of social capital. In this work we employ the OECD's Multi-Regional Input-Output and International Migration datasets to build the network representation for capital and labor of 63 economies during 10 years. We then examine the role of social capital measures as drivers of the TFP adopting an extended Cobb-Douglass production function and addressing potential issues such as multicollinearity, reverse causality and non-linear effects. Our results indicate that social capital in the factors of production networks can significantly drive economic outputs through TFP. [ABSTRACT FROM AUTHOR]

Rural subjects, the agricultural industrial structure, public services and rural governance are fully empowered by digital villages. This empowerment effectively compensates for the urban-rural digital divide and promotes the equalization of urban-rural income, consumption, education, medical care, and governance. Based on the three-stage data envelopment analysis (DEA) model and Malmquist index, this article conducts an in-depth study of the static and dynamic efficiency trends of digital villages that empower urban-rural balanced development in 31 provinces in China from 2015 to 2020. The results show that comprehensive technical efficiency of 31 provinces is weak DEA effective, and that the scale efficiency is the main factor affecting comprehensive technical efficiency. The educational level, local finance and industrial structure optimization have a significant positive impact on efficiency evaluation, but technological innovation and the urbanization level have a significant negative impact. Total factor productivity shows diminishing marginal utility based on the Malmquist index and its decomposition change. Restricted by the change in technological progress, the efficiency of digital villages in China in enabling urban-rural equilibrium needs to be further improved. [ABSTRACT FROM AUTHOR]

As China's strategic support belt, the green development of industry in the Yangtze River Economic Zone is of great significance to promote the construction of China's ecological civilization, build a modern industrial system and accelerate high-quality economic development. The study of green total factor productivity of industry in the Yangtze River Economic Zone has important theoretical and practical value for exploring the green development path of China's industry. This Paper takes the Yangtze River Economic Zone, a key strategic region in China, as the research object, selects the input and output data of industrial production from 2006 to 2018, based on DEA model. To construct an MML index considering expected and unexpected output, and to quantitatively analyze the changes of industrial GTFP in the Yangtze River Economic Zone. The results show that: (1) During the sample period, the industrial green total factor productivity in the Yangtze River Economic Zone shows the spatial characteristics of differential growth and the temporal characteristics of volatile growth. It shows the fluctuation characteristics of "N" shape. (2) According to the order of "upper, middle, and lower" reaches, the spatial pattern of industrial green total factor productivity is characterized by "lower ladder". But the difference between the upper and middle reaches is small. (3) Cities with higher green total factor productivity and lower green total factor productivity each form the characteristics of "club convergence" of spatial agglomeration. (4) Technological efficiency and technological progress efficiency have heterogeneous effects on different river basins in the upper, middle, and lower reaches, and technological progress efficiency is conducive to promoting the evolution of green total factor productivity to a high level. According to the above empirical results, this paper finally puts forward the policy recommendations to improve the industrial green total factor productivity of the Yangtze River Economic Zone and the policy recommendations to reduce the industrial differences between the Yangtze River Economic Zone. [ABSTRACT FROM AUTHOR]

The pig industry occupies an extremely significant position in agriculture. The input cost, output income and the amount of pollution emitted by pig farming of different scales are unequal. It is of great practical importance to reduce pollutant emission by improving efficiency for the development of hog breeding industry in China. With the addition of undesirable output, this paper uses the Slack Based Measure- Metafrontier Malmquist Luenberger index model considering scale heterogeneity to explore the evolution characteristics of China's green total factor productivity of pig breeding (GTPB) based on the data of China's 17 major pig producing provinces from 2004 to 2018. The results indicate that: (1) From 2004 to 2018, China's large-scale GTPB is the highest, the medium-sized is the second, and the small-scale is the lowest. (2) In terms of regional distribution, China's GTPB in western region is the highest, in eastern region is the second, and in central region is the lowest. (3) China's GTPB shows efficiency growth and technological decline from 2004 to 2018. The pig breeding industry is generally fragile, which is greatly affected by emergencies. (4)The TGR of large-scale pig breeding is closest to 1, followed by middle-scale, and finally small-scale. According to the above empirical results, this text puts forward some policy suggestions to improve GTPB and environmental protection recommendations of hog breeding. [ABSTRACT FROM AUTHOR]

South Asia primarily consists of developing economies with diverse financial systems. The commercial banking industry plays a crucial role in each country's financial development in the region. This research aims to evaluate commercial banking industries' efficiency and productivity growth in the South Asian (SA) region over 6 years (2013–2018). In addition, the technology gap among the banking industries of all countries is also explored. Data envelopment analysis (DEA) Meta-frontier is employed to measure the technical efficiency (TE) and technology gap ratio (TGR) among the countries. Further Malmquist productivity index (MPI) is used for productivity change estimation. Results indicate that, on average, 147 commercial banks (CBs) have a technical efficiency score of 0.6208, while CBs in Nepal are the most efficient in the region with an average score of 0.7153. The Meta frontier analysis also confirms the presence of different production technologies in CBs. Nepal's CBs group frontier is closer to meta-frontier (technology gap ratio, TGR = 0.9361) While, Bangladesh, Pakistan, India, and Sri Lanka rank second, third, fourth, and fifth, respectively. The results of productivity contend that the total factor productivity change of all 147 CBs decreases by 0.8 percent on average over the study period. CBs have enhanced their productivity growth in Sri Lanka, Nepal, and Pakistan, but declining trends have been witnessed in Indian and Bangladesh's commercial banking industries. [ABSTRACT FROM AUTHOR]

Studying the linkage between manufacturing industry and logistics industry is conducive to explore and improve the efficiency of the common development of them. In order to study the interaction of logistics industry on the development of manufacturing industry and the development of two-industry-linkage, it first calculates the high-quality development level of logistics industry and manufacturing industry, then uses the coupling coordination model to theoretically analyze and empirically test the coupling and coordinated development level of high-quality development of logistics industry and manufacturing industry from three aspects: coupling degree, coordination degree and coupling coordination degree, and based on the perspective of integration field theory, it takes the three basic synthetic fields of logistics integrator, logistics base-nuclear and logistics connection-key as the analysis dimension, PVAR model was introduced for in-depth analysis the impact of logistics industry on manufacturing industry and the level of the two-industry-linkage. It was found that the high-quality development of China's logistics industry and manufacturing industry is close on the whole, and the development trend is consistent, the high-quality development of them is mainly caused by the change of scale, but there is no obvious change in technical efficiency, which also provides a way for the high-quality development of the two-industry-linkage in the future. The two-industry-linkage mostly belongs to the situation of low-level mutual restriction, which has not yet reached a high level of mutual promotion, resulting in the overall coupling coordination degree basically in a state of barely coordination. The development of logistics industry and manufacturing industry need to go through certain practice and running in, when there is an error matching between the two, the logistics industry will inhibit the two-industry-linkage. When the economy develops to a certain extent, the expansion of the logistics system scale to the level of the two-industry-linkage is not necessarily beneficial, blindly exceeding the demand for logistics investment will cause a waste of resources, which is not conducive to the high-quality development of the logistics industry and the coupling and coordinated development of the two industries. In the long run, the change of the logistics basic-nuclear capacity, the logistics integrator scale and logistics connection-key level will have a positive impact on the change of green total factor productivity in manufacturing industry. [ABSTRACT FROM AUTHOR]

Improving total factor productivity (TFP) is the source of power for high-quality development. Industrial structure optimization is an important way to improve TFP. This paper constructed an econometric model of industry structure changes impacting on TFP in the marine fisheries and conducted an empirical test and analysis. The results showed that the industry rationalization, softening and processing coefficient of marine fishery had a significant "structural dividend" for improving its TFP; while the impact of industrial structure advancement and aquaculture-catching structure changes did not have "structural dividend", but it could be a combination of other factors to reduce these adverse effects.We believe that simply pursuing the advanced evolution of the industrial structure is not conducive to sustainable development of fishery. Under the pursuit of the rationalization of the marine fishery industry structure, by promoting the coordinated evolution of marine fisheries advancement, aquaculture-catching structure and other factors, the "structural dividend" effect can be enhanced and the fishery can achieve sustainable development. Finally, it proposed to promote the development of advancement and rationalization of marine fishery industry structure coordinately, adjust fishery science and technology transformation direction and key points, and accelerate the development of intensive processing industry by cross-border integration. [ABSTRACT FROM AUTHOR]

The transformation of China's economy from extensive growth to high-quality development is essentially an increase in green total factor productivity (GTFP). China currently has a range of environmental regulation tools, and the question of whether environmental regulation can promote improvement in China's GTFP requires theoretical and empirical analysis. This article first divides environmental regulation into three types: administrative, market-based and information-based. It then builds an empirical model of the effect of environmental regulation on GTFP. Slacks based measure-data envelope analysis (SBM-DEA) and the Malmquist index are used to measure the GTFP of 30 provinces in China from 2005 to 2018, and a measurement model of the impact of environmental regulation on GTFP is established. The results show that: (1) there are significant differences in GTFP in eastern, central and western China; (2) there is a non-linear relationship between environmental regulations and GTFP. [ABSTRACT FROM AUTHOR]

Objective: We aim to estimate the total factor productivity and analyze factors related to the Chinese government's health care expenditure in each of its provinces after its implementation of new health care reform in the period after 2009. Materials and methods: We use the Malmquist DEA model to measure efficiency and apply the Tobit regression to explore factors that influence the efficiency of government health care expenditure. Data are taken from the China statistics yearbook (2004–2020). Results: We find that the average TFP of China's 31 provincial health care expenditure was lower than 1 in the period 2009–2019. We note that the average TFP was much higher after new health care reform was implemented, and note this in the eastern, central and western regions. But per capita GDP, population density and new health care reform implementation are found to have a statistically significant impact on the technical efficiency of the provincial government's health care expenditure (P<0.05); meanwhile, region, education, urbanization and per capita provincial government health care expenditure are not found to have a statistically significant impact. Conclusion: Although the implementation of the new medical reform has improved the efficiency of the government's health expenditure, it is remains low in 31 provinces in China. In addition, the government should consider per capita GDP, population density and other factors when coordinating the allocation of health care input. Significance: This study systematically analyzes the efficiency and influencing factors of the Chinese government's health expenditure after it introduced new health care reforms. The results show that China's new medical reform will help to improve the government's health expenditure. The Chinese government can continue to adhere to the new medical reform policy, and should pay attention to demographic and economic factors when implementing the policy. [ABSTRACT FROM AUTHOR]

At present, the digital economy, which takes information technology and data as the key elements, is booming and has become an important force in promoting the economic growth of various countries. In order to explore the current dynamic trend of China's digital economy development and the impact of the digital economy on the high-quality economic development, this paper measures the digital economic development index of 30 cities in China from the three dimensions of digital infrastructure, digital industry, and digital integration, uses panel data of 30 cities in China from 2015 to 2019 to construct an econometric model for empirical analysis, and verifies the mediating effect of technological progress between the digital economy and high-quality economic development. The results show that (1) The development level of China's digital economy is increasing year by year, that the growth of digital infrastructure is obvious, and that the development of the digital industry is relatively slow. (2) Digital infrastructure, digital industry and digital integration all have significant positive effects on regional total factor productivity, and the influence coefficients are 0.2452, 0.0773 and 0.3458 respectively. (3) Regarding the transmission mechanism from the digital economy to the high-quality economic development, the study finds that the mediating effect of technological progress is 0.1527, of which the mediating effect of technological progress in the eastern, northeast, central and western regions is 1.70%, 9.25%, 28.89% and 21.22% respectively. (4) From the perspective of spatial distribution, the development level of the digital economy in the eastern region is much higher than that in other non-eastern regions, and the development of digital economy in the eastern region has a higher marginal contribution rate to the improvement of the total factor productivity. This study can provide a theoretical basis and practical support for the government to formulate policies for the development of the digital economy. [ABSTRACT FROM AUTHOR]

China's agricultural economy is developing rapidly, but the unbalanced regional development is still a key issue that needs to be discussed today. By studying the total factor productivity of green agriculture and its factors, this paper analyzes the regional differences in time and space changes between the eastern, central and western parts of China. In this paper, the total factor productivity of green agriculture is calculated and decomposed by Metafrontier Malmquist-Luenberger index based on directional distance function. The results are as follows: First, the total factor productivity level of green agriculture in China is increasing year by year, but the overall level is still at a low level and has greater volatility; Second, although the total factor productivity of green agriculture shows an upward trend, the three regions show a downward trend in turn, which has great differences; Third, there are obvious differences in technological efficiency, optimal production potential and technological gap between the eastern, central and western regions, and there are great differences in productivity among regions and provinces. Based on the results, this paper puts forward policy recommendations, according to the regional heterogeneity, from a number of angles to rely on the joint efforts of many parties to improve the level of total factor productivity of green agriculture. [ABSTRACT FROM AUTHOR]