scholarly journals Research on the Interaction between Rural Financial Development and Agricultural Total Factor Productivity—Empirical Analysis Based on the Method of DEA and VAR Model

2016 ◽  
Vol 05 (03) ◽  
pp. 55-69
Author(s):  
路军 周
Keyword(s):  
Total Factor Productivity ◽  
Empirical Analysis ◽  
Financial Development ◽  
Var Model ◽  
Factor Productivity

scholarly journals Research on Environmental Regulation and Green Total Factor Productivity in Yangtze River Delta: From the Perspective of Financial Development

2021 ◽  
Vol 18 (23) ◽  
pp. 12453
Author(s):  
Jia Li ◽  
Decai Tang ◽  
Acheampong Paul Tenkorang ◽  
Zhuoran Shi
Keyword(s):  
Environmental Regulation ◽  
Total Factor Productivity ◽  
Financial Development ◽  
Yangtze River ◽  
Foreign Capital ◽  
Yangtze River Delta ◽  
Factor Productivity ◽  
Control Variables ◽  
Financial Cooperation ◽  
The Yrd

This paper employs the global Malmquist Luenberger (GML) index and the System Generalized method of moments (GMM) estimation method to investigate the influence of both environmental regulation and financial development on green total factor productivity in 41 cities of the Yangtze River Delta (YRD) in China from 2003–2019. We select the relevant input-output data to measure the green total factor productivity (GTFP) and its decomposition index including undesirable output. The results show that the GTFP and its decomposition index in the YRD have a slow fluctuating upward trend. The YRD mainly depends on improving the level of technological progress and environmental governance to promote the improvement of regional economic green development level. The empirical research results show that there is an inverted U relationship between environmental regulation and GTFP in the YRD, too strict environmental regulation will inhibit the growth of green total factor productivity. By adding control variables, the inflection point of environmental regulation is 0.5034, which is lower than that without control variables. There is a strong interaction and superposition effect between financial development and environmental regulation, which is closely related to the established financial cooperation mechanism, perfect financial system arrangement and cross-regional financial cooperation platform in the YRD. Government intervention should be reduced, the introduction of foreign capital should be controlled appropriately, foreign capital should be guided to green industries, and the use efficiency of foreign capital should be improved. This paper holds that we should pay attention to the strength of environmental regulation, prevent overcorrection, increase the guidance of credit funds, deepen the reform of the financial system, appropriately intervene in the market by the government, strengthen the guidance of foreign capital, and promote the development and transformation of the green economy in the YRD region with the help of several policies.

scholarly journals TEKNOLOGI DAN PERTUMBUHAN EKONOMI

2007 ◽  
Vol 2 (2) ◽  
pp. 161
Author(s):  
Eni Setyowati
Keyword(s):  
Total Factor Productivity ◽  
Empirical Analysis ◽  
Technology Innovation ◽  
The Other ◽  
Factor Productivity ◽  
Development Technology ◽  
National Production ◽  
Capital Development ◽  
The Empirical Analysis ◽  
Capital Intensive

People efficiently aware that exploitation of development technology gives significant economy advantage. This such of awareness supports the development of competition in technology innovation and the competition of exploitation technology to reach bigger economy advantage. The economical impact of the exploitation of technology constitutes occurring of management and organization transition in various companies both of a capital intensive and labour intensive. The writer also analyses an opinion of neoclassic economist about advancement of technology. The empirical analysis points out that national production (Y) is not only caused by capital development (K) and the growth of employee (L), but also caused by the other factor, which at the beginning are considered as residual factor. It is called Total Factor Productivity (TFP).

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