Abstract
The influence process of the land market on urban green total factor productivity (GTFP) is characterized by complexity and region. Based on the panel data of 271 cities in China from 2004 to 2016, this paper analyzes the impact of the land market on urban GTFP and explores the regulatory effect of the innovation investment level and the infrastructure investment level on the land market. The following conclusions are drawn: First, the land market restrains the improvement of urban GTFP, whether analyzed from the dimension of land transfer price or land transfer scale, and the influence degree varies in different dimensions. Second, there is regional heterogeneity in the inhibition effect of the land market on urban GTFP. Third, the level of innovation investment and the level of infrastructure investment have significantly different regulatory effects on the impact of the land market on urban GTFP; the level of innovation investment aggravates the inhibition effect of urban GTFP by the land market, while the infrastructure investment level weakens this inhibition effect.
Highlights
The marginal contribution of this paper is mainly reflected in the following three aspects: First, from the perspectives of land market transfer price and quantity, this paper explores the impact of land marketization on urban green total factor productivity (GTFP) at the city level and enriches and expands the research dimension in this field by combining with sustainable development and global carbon neutrality
Based on the data of 271 Chinese cities, except Hong Kong, Macao, Taiwan and Tibet from 2004 to 2016, this paper analyzed the impact of the land market on urban green total factor productivity, as well as the regulatory effect of the innovation investment level and infrastructure investment level on urban green total factor productivity
The following conclusions are drawn: (1) It is found that the development of the land market inhibits the increase of urban green total factor productivity from the perspective of land market price and scale, and the inhibition effect of land transfer scale is stronger than that of land transfer fee dependence
Summary
The special characteristics of the land market and the long-term nature of urban green development make the relationship between them very complicated This complex relationship makes it necessary to study the impact of the land market on urban green total factor productivity. The purpose of urban sustainable development is to establish a green garden city based on living capacity, which requires rational use of its own resources and attention to the efficiency of its use. The input indicators, such as human resources and capital, the expected output indicators, such as GDP, and the unexpected output indicators, such as environmental pollution, can be used to measure green total factor productivity to monitor urban sustainable development
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