Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis
Based on the distinction of different types of environmental regulations, this paper attempts to test the threshold effect of environmental regulation on the total factor productivity (TFP) by employing a panel threshold model and a province-level panel data set during 2006–2016. Research results sh...
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| Format: | Article |
| Language: | English |
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Wiley
2019-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2019/9790545 |
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| _version_ | 1850167084783239168 |
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| author | Xubin Lei Shusheng Wu |
| author_facet | Xubin Lei Shusheng Wu |
| author_sort | Xubin Lei |
| collection | DOAJ |
| description | Based on the distinction of different types of environmental regulations, this paper attempts to test the threshold effect of environmental regulation on the total factor productivity (TFP) by employing a panel threshold model and a province-level panel data set during 2006–2016. Research results show that the influence of command-and-control and market incentive environmental regulation on the total factor productivity has a single threshold conversion characteristic of foreign direct investment (FDI) and financial scale, but the impact behavior and influence degree around the threshold are inconsistent. The effect of voluntary conscious environmental regulation on the total factor productivity has a single threshold conversion feature of human capital, and moderately enhanced intensity of environmental regulation is conducive to promoting the total factor productivity after crossing the threshold. Finally, in order to enhance the regional total factor productivity, relevant policy recommendations are proposed. |
| format | Article |
| id | doaj-art-dc105ffd0e3f4e648faf4bf2b27a0ea2 |
| institution | OA Journals |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2019-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-dc105ffd0e3f4e648faf4bf2b27a0ea22025-08-20T02:21:17ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2019-01-01201910.1155/2019/97905459790545Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect AnalysisXubin Lei0Shusheng Wu1School of Economics and Trade, Hunan University, Fenglin Road, 410079 Changsha, Hunan Province, ChinaState Grid Hunan Electric Power Company Limited, Xinshao Dong Road, 410004 Changsha, Hunan Province, ChinaBased on the distinction of different types of environmental regulations, this paper attempts to test the threshold effect of environmental regulation on the total factor productivity (TFP) by employing a panel threshold model and a province-level panel data set during 2006–2016. Research results show that the influence of command-and-control and market incentive environmental regulation on the total factor productivity has a single threshold conversion characteristic of foreign direct investment (FDI) and financial scale, but the impact behavior and influence degree around the threshold are inconsistent. The effect of voluntary conscious environmental regulation on the total factor productivity has a single threshold conversion feature of human capital, and moderately enhanced intensity of environmental regulation is conducive to promoting the total factor productivity after crossing the threshold. Finally, in order to enhance the regional total factor productivity, relevant policy recommendations are proposed.http://dx.doi.org/10.1155/2019/9790545 |
| spellingShingle | Xubin Lei Shusheng Wu Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis Discrete Dynamics in Nature and Society |
| title | Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis |
| title_full | Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis |
| title_fullStr | Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis |
| title_full_unstemmed | Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis |
| title_short | Improvement of Different Types of Environmental Regulations on Total Factor Productivity: A Threshold Effect Analysis |
| title_sort | improvement of different types of environmental regulations on total factor productivity a threshold effect analysis |
| url | http://dx.doi.org/10.1155/2019/9790545 |
| work_keys_str_mv | AT xubinlei improvementofdifferenttypesofenvironmentalregulationsontotalfactorproductivityathresholdeffectanalysis AT shushengwu improvementofdifferenttypesofenvironmentalregulationsontotalfactorproductivityathresholdeffectanalysis |