Back to Search
Start Over
Local Government Debt and Green Total Factor Productivity-Empirical Evidence from Chinese Cities.
- Source :
-
International journal of environmental research and public health [Int J Environ Res Public Health] 2022 Sep 29; Vol. 19 (19). Date of Electronic Publication: 2022 Sep 29. - Publication Year :
- 2022
-
Abstract
- In recent years, the expansion of local government debt (LGD) in China has caused widespread concern. Enhancing green total factor productivity (GTFP) is an important way to coordinate resources, environment, and regional development and is an important indicator to realize the transformation of green economic development. Scientific assessment of the impact of LGD on GTFP helps promote the transformation of green economic development. This paper selects sample data from 271 cities in China from 2010 to 2019 and empirically investigates the mechanisms of LGD, green innovation, and financial market development on GTFP. The results show that (1) LGD expansion significantly suppresses GTFP in China; (2) green innovation mediates between the two, and LGD suppresses GTFP by reducing the level of green innovation; and (3) financial market development can mitigate the negative impact of LGD on urban GTFP. Therefore, the governance of LGD should be strengthened, the financial market environment should be optimized, the distortion of financial resources should be corrected, and innovative financing modes such as green finance and green credit should be encouraged to enhance GTFP.
- Subjects :
- China
Cities
Efficiency
Economic Development
Local Government
Subjects
Details
- Language :
- English
- ISSN :
- 1660-4601
- Volume :
- 19
- Issue :
- 19
- Database :
- MEDLINE
- Journal :
- International journal of environmental research and public health
- Publication Type :
- Academic Journal
- Accession number :
- 36231720
- Full Text :
- https://doi.org/10.3390/ijerph191912425