Abstract
In this paper, Hicks-Moorsteen TFP index is employed to investigate regional efficiency and productivity of 21 cities in Guangdong province during 2000-2015. The findings demonstrate that the efficiency of the whole province first rises and then falls, and has rebounded in recent years. Technical efficiency and scope efficiency have increased, while regional scale efficiency has declined. The Pearl River Delta region has obvious competitive advantages, and scope efficiency alleviates the decline in the efficiency of the non PRD. Secondly, the results indicate that Shenzhen has strong regional development competitiveness, and the economic development efficiency which leads Guangdong province. Thirdly, although the total factor productivity of 21 cities in Guangdong province has increase 0.38 percent with an average level of 1.0165 during this period with a comparatively large fluctuation, the slow growth of technological progress hindered the progress of TFP to some extent. In addition, the TFP level in the PRD region has some advantages over the non PRD region. Finally, as the most efficient city, Shenzhen’s TFP level is in the middle and upper reaches and has great potential.
Highlights
Since the reform and opening up, China’s economy has achieved rapid growth by relying on extensive growth mode of factor input
The results indicate that Shenzhen has strong regional development competitiveness, and the economic development efficiency which leads Guangdong province
The Total Factor Productivity (TFP) level in the PRD region has some advantages over the non PRD region
Summary
Since the reform and opening up, China’s economy has achieved rapid growth by relying on extensive growth mode of factor input. As the comprehensive efficiency of input and output of production factors, Total Factor Productivity (TFP) is the core issue of development economics, and the key issue of studying the economic growth of a country or region. It plays an important role in explaining economic growth. The output-oriented non-parametric Hicks-Moorsteen TFP index proposed by O’Donnell [1] is used to measure and decompose the efficiency and total factor productivity of 21 cities in Guangdong Province in 2000-2015. The following contents of this paper include the relevant literature review in the second part, the methods and data of the Hicks-Moorsteen TFP index in the third part, the empirical research in the fourth part and the conclusion of the last part
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