地方政府财政压力对绿色全要素生产率的影响:从政府行为的角度探索机制

IF 4.8 2区 经济学 Q1 BUSINESS, FINANCE International Review of Economics & Finance Pub Date : 2024-11-01 DOI:10.1016/j.iref.2024.103702
Song Nie , Gang Zeng , Hongying Zhang , Jianwen Ji
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引用次数: 0

摘要

地方政府的财政压力可以改变政府行为,进而在一定程度上影响企业绩效。然而,有关财政压力如何影响绿色经济的研究却很少。我们采用城市级绿色全要素生产率(GTFP)指数来衡量中国的绿色经济,并从政府行为的新视角来验证财政压力对 GTFP 的负面影响。我们发现,财政压力会导致政府短视行为,抑制产业升级,降低绿色创新能力,从而降低全要素生产率。此外,这种负面影响随经济发展水平和地理位置的不同而存在差异。此外,绿色金融、轻税负和财政分权可以减轻财政压力对 GTFP 的负面影响。本研究不仅为财政治理提供了指导,也为发展中国家协同推进环境治理与经济发展提供了参考。
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The local government fiscal pressure's effect on green total factor productivity: Exploring mechanisms from the perspective of government behavior
Local government fiscal pressure can change government behavior, which in turn affects corporate performance to a certain extent. However, the research on how fiscal pressure affect green economy is scarce. We adopt the city-level green total factor productivity (GTFP) index to measure the green economy in China and verifies fiscal pressure's negative effect on GTFP from the new perspective of government behavior. We find that fiscal pressure reduces GTFP by leading to short-sighted government actions which inhibit the industrial upgrading and reduce green innovation capacity. In addition, the negative impact varies heterogeneously with different economic development and geographic location. Furthermore, green finance, slight tax burden, and fiscal decentralization can alleviate the negative impact of fiscal pressure on GTFP. This study not only provides guidance on fiscal governance, but also provides a reference for the synergistic promotion of environmental governance and economic development in developing countries.
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来源期刊
CiteScore
7.30
自引率
2.20%
发文量
253
期刊介绍: The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.
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