AN ANALYSIS ON THE GROWTH AND EFFECT FACTORS OF TFP UNDER THE ENERGY AND ENVIRONMENT REGULATION: DATA FROM CHINA
The School of Economics and Management, Chongqing Three Gorges University, Wanzhou, Chongqing, China, 404120
The paper analyses the growth and effect factors of TFP (Total factor productivity) under the energy and environment regulation with the data of China from 2002 to 2012. The results show that: in the past 10 years, without considering the energy and environmental regulation, the average annual growth rate of TFP is 3.2%, but it is 2.7% when considering them. The technological progress is the major contributor to TFP under the energy and environment regulation. From the comparison of various provinces, the growth difference of TFP was great. The TFP value in eastern coastal region is higher than that in the central and western regions. From the time trend, the average growth rate of TFP is in the lower. After the financial crisis of 2008, the TFP starts to decline and the average annual growth rate is -0.3%. The three variables of the FDI，environmental regulation intensity and industrial structure have a negative impact on TFP growth, but the two variables of R&D investment and energy consumption structure have a positive impact on it.