金融发展、环境规制与绿色全要素生产率--基于空间杜宾模型的实证分析

Financial Development, Environmental Regulation and Green Total Factor Productivity--An Empirical Analysis Based on Spatial Durbin Model

选择2006~2015年中国内地30个省、直辖市、自治区面板数据,运用DEA-BCC模型、熵值法测算绿色全要素生产率,采用空间杜宾模型研究金融发展和环境规制对绿色全要素生产率的空间溢出效应。研究结果表明:(1)中国省域绿色全要素生产率存在显著的空间溢出效应,即本地区绿色全要素生产率的发展会促进周边地区绿色全要素生产率;(2)单一的金融发展和环境规制对绿色全要素生产率有一定的促进作用;(3)现阶段,"金融发展-环境规制"相结合的模式抑制了绿色全要素生产率。为此,应不断深化金融体制改革,优化金融发展成效;完善环境规制体系,合理进行污染治理投资;制定适宜环境规制政策,结合考虑金融发展。

The panel data of 30 provinces, municipalities directly under the central government and autonomous regions in China's Mainland from 2006 to 2015 were selected to calculate green total factor productivity using DEA-BCC model and entropy method. Spatial durbin model was adopted to study the spatial spillover effect of financial development and environment on green total factor productivity. The results show that:(1)there is a significant spatial spillover effect of green total factor productivity in Chinese provinces.(2)single financial development and environmental regulation can promote green total factor productivity to some extent;(3)at the present stage, the mode of "financial development and environmental regulation" combined inhibits green total factor productivity. Therefore, it is necessary to deepen the reform of financial system and optimize the effect of financial development. Improve the environmental regulation system and make reasonable investment in pollution control;Formulate appropriate environmental regulation policies and consider financial development.