Analysis of green total factor productivity trend and its determinants for the countries along silk roads

Abstract

AbstractIn coping with increasing energy consumption and the consequential environmental pollution, green development is becoming an important part of social development. Since the inauguration of China’s Silk Road Economic Belt Initiative (BRI), economic cooperation between China and other countries along BRI has seen much growth. Therefore, it is of great significance to study the levels of green total factor productivity (GTFP) of the countries in the Silk Roads Economic Belt (B&R) and examine how these levels vary spatially and evolve temporally. In this paper, a panel regression analysis with DEA windows is used to study the spatiotemporal trends of the levels of GTFP. The results are: (1) The B&R countries have seen an increase in their overall levels of GTFP over time; (2) There are regional differences in the levels of GTFP, with higher efficiency in Western Asia and Central and Eastern Europe, and lower efficiency in Southeast and Central Asia; (3) The analysis of GTFP for countries in these regions shows that the efficiencies of most countries have been improving, with that of only a few countries have been decreasing; (4) By using regression analysis, we find that variables such as import, export, industrial structure, and urban affect the B&R countries with growing GTFP.