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Abstract
Taking Water Ecological City Pilot (WECP) policy as a quasi-natural experiment, this paper adopts the PSM-DID method to investigate the impact of the WECP policy on the green total factor productivity (GTFP) of China’s prefecture-level cities. The results show that the implementation of the WECP policy significantly inhibits the improvement of GTFP. Furthermore, we find the implementation of the WECP policy has squeezed out government technological expenditures to some extent and aggravated the compliance cost of enterprises, which has not caused the “innovation compensation effect”, thus failing to improve GTFP. The heterogeneity analyses show that the policy effects vary with the imbalance of China’s regional development and resource endowments. Developed regions can better overcome the possible negative impact that comes with policy implementation. Governments need to formulate different policy strategies and plans from an overall macro perspective.
Highlights
This paper estimated the overall effect of the pilot policy of water ecological civilization city on green total factor productivity (GTFP) by a full sample estimation
The coefficients of other control variables are almost positive but insignificant, which means that the infrastructure, technological innovation, and industrial structure upgrading have no significant impact on GTFP
In the context of China’s economic green transformation and development, this paper takes the water ecological civilization city pilot policy as a quasi-natural experiment and uses the propensity score matching method (PSM)-difference in difference (DID) method to investigate the impact of Water Ecological City Pilot (WECP) policy on GTFP and draws the following conclusions
Summary
Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. Since the reform and opening up, China has achieved rapid economic growth relying on a model of high investment, high energy consumption, and high pollution. This rough development pattern has been accompanied by low efficiency in the use of natural resources and a continuous decline in environmental quality and environmental health [1]. The Chinese government has committed to exploring the path of high-quality economic development to transform the original rough development model
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