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The heterogeneity impact of factor market distortions on GTFP: from the view of resource-based cities
Jiaming Wang1, Lianyong Feng2, Bo Li3
1School of Economics and Management, Chinese and Law, Shandong Institute of Petroleum and Chemical Technology, Dongying, 207061, China. upcjgyxwjm@163.com.
Abstract:
Improving the efficiency of factor allocation, breaking the resource curse, and achieving high-quality economic development are an urgent concern in resource-based cities. Using the panel data of 116 prefecture-level resource-based cities in China from 2005 to 2020, this paper constructs the data envelopment analysis-Malmquist index model to measure the level of high-quality economic development; to construct a resource misallocation growth accounting model based on the total production function to measure the distortion coefficient, the threshold panel model is employed to explore the threshold effect of factor market distortion on high-quality economic development. The results yielded three important findings: (1) The green total factor productivity of resource-based cities in China presents spatial heterogeneity and type heterogeneity. (2) Factor market distortion gradient standards are proposed innovatively, and the factor market distortion level shows the spatial heterogeneity and type heterogeneity. (3) The influence of factor market distortion on high-quality economic development in resource-based cities presents a double threshold effect. According to the above research conclusions, this paper gives several policy recommendations to promote the factor marketization allocation and high-quality economic development of resource-based cities.
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