Can Environmental Regulation Improve China's Regional Green Total Factor Productivity?:Insight from the Perspective of Factors Allocation
Taking four major regions in China from 2003 to 2017 as the research object and considering re-gional factor allocation patterns,this paper uses systematic generalized moment estimation to analyze the im-pact of different types of environmental regulations on regional green total factor productivity.The empirical re-sults show that the overall environmental regulation driven by factor allocation has a U-shaped impact on green total factor productivity.Different types of environmental regulations have significant effects on regional green total factor productivity,but the specific manifestations present different in different regions.Compared with developed regions,the output level of less developed regions is low,and the green total factor productivity lags behind.The improvement of green total factor productivity in less developed regions requires accelerating the improvement of the regional factor allocation pattern,focusing on the use of command-and-control envi-ronmental regulation instead of voluntary participation-based environmental regulation,and enhancing the synergistic effect of market participation-based environmental regulation and voluntary participation-based environmental regulation.
environmental regulationgreen total factor productivityfactor allocationsystematic generalized moment estimationregion