Rent-seeking,promotion pressure and green economic efficiency: Evidence from China |
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| Affiliation: | 1. Faculty of Economics and Management, East China Normal University, Shanghai 200062, China;2. Institute of New Structural Economics, Peking University, Beijing 100871, China;3. School of Social Development, East China Normal University, Shanghai 200241, China;4. School of Economics and Finance, South China University of Technology, Guangzhou 510006, China;1. National Research University Higher School of Economics, 11 Pokrovsky Bulvar, Moscow 109028, Russia;2. Central University of Finance and Economics, 39 South College Road, Beijing 100081, China;1. School of Public Administration, Southwestern University of Finance and Economics, Chengdu, China;2. IESEG School of Management, Univ. Lille, CNRS, UMR 9221 - LEM - Lille Economie Management, F-59000 Lille, France;3. School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, China;4. College of Arts and Science, The Ohio State University, Columbus, United States;1. Research Institute for Banking, Banking Academy of Vietnam, No.12 Chua Boc, Dong Da, Hanoi, Viet Nam;2. International Business Faculty, Banking Academy of Vietnam, No.12 Chua Boc, Dong Da, Hanoi, Viet Nam |
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| Abstract: | Focusing on the quality and sustainability of urban economic development and using a panel dataset of 263 cities in China from 2004 to 2015, this paper regards each city as a production unit and uses the Epsilon-Based Measure approach to measure green economic efficiency by innovatively regarding labor, capital, land and energy as input factors, GDP as a desirable output, and environmental pollution emissions and land finance as undesirable outputs. Further, this paper examines the effect of rent-seeking on green economic efficiency with a fixed effects model and explores the role of promotion pressure in the relationship between rent-seeking and green economic efficiency with a panel threshold model. Our study finds that: (1) Rent-seeking exerts a significant negative impact on green economic efficiency. (2) Compared to areas of higher promotion pressure, the negative effect of rent-seeking on green economic efficiency is greater in areas facing lower promotion pressure. (3) The relationship among promotion pressure, rent-seeking and green economic efficiency differs in areas facing different “green” promotion pressure. |
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| Keywords: | Rent-seeking Promotion pressure Green economic efficiency |
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