绿色消费与战略性新兴产业全要素生产率——基于企业动态面板数据的实证研究

Green Consumption and Total Factor Productivity of Strategic Emerging Industries:An empirical study based on enterprise dynamic panel data

基于2010—2019年战略性新兴产业上市公司和30个省区市的动态面板数据,利用系统GMM估计模型检验绿色消费对战略性新兴产业企业全要素生产率的影响及作用机制。研究结果表明:总体而言,绿色消费能够显著提升战略性新兴产业企业全要素生产率水平,促进其高端化发展;中介效应模型进一步验证了绿色消费可以通过创新补偿效应和鲍莫尔效应倒逼企业技术创新、引导企业要素配置,从而促进战略性新兴产业企业全要素生产率水平提升;绿色消费对战略性新兴产业企业全要素生产率的促进效果存在一定的区域差异性。因此,加快推动消费绿色化转型升级、充分发挥绿色消费的创新引领和资源引导作用,有利于战略性新兴产业高端化发展。

Based on the dynamic panel data of listed companies in strategic emerging industries and 30 provinces,autonomous regions and municipalities from 2010 to 2019,systematic GMM estimation model is used to test the impact of green consumption on total factor productivity of enterprises in strategic emerging industries and its mechanism.The results show that in general,green consumption can significantly improve the total factor productivity of enterprises in strategic emerging industries and promote their high-end development.The mediating effect model further verifies that green consumption can force technological innovation and guide factor allocation of enterprises through innovation compensation effect and Baumol effect,so as to promote the level of total factor productivity of enterprises in strategic emerging industries.There are certain regional differences in the promotion effect of green consumption on the total factor productivity of enterprises in strategic emerging industries.Therefore,it is conducive to accelerate the transformation and upgrading of green consumption and give full play to the innovation-leading and resource-guiding role of green consumption for the high-end development of strategic emerging industries.