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Impact of Energy Price Distortion on Green TFP Based on Spatial Econometric Model

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  • Huayu Guan
  • Mengyue Xing
  • Sang-Bing Tsai

Abstract

With environmental regulation as the intermediary, this paper studies the influence mechanism and mediating effect of energy price distortion on green total factor productivity. On the basis of the panel data of 30 provinces in China (except Tibet, Hong Kong, Macao, and Taiwan), the research results from the study of panel and spatial metrology show that energy price distortion has a significant negative effect on the improvement of green total factor productivity. Different environmental regulation tools have different impacts, and the impact effect of fiscal energy conservation and environmental protection expenditure is better than that of pollution punishment. The transmission effect of energy price on environmental regulation policies is different when environmental regulation is the intermediary. The increase of the degree of energy price distortion will increase the financial expenditure of energy conservation and environmental protection, while the energy factor price will increase the green total factor productivity with the increase of pollution punishment.

Suggested Citation

  • Huayu Guan & Mengyue Xing & Sang-Bing Tsai, 2022. "Impact of Energy Price Distortion on Green TFP Based on Spatial Econometric Model," Mathematical Problems in Engineering, Hindawi, vol. 2022, pages 1-8, January.
    • Handle: RePEc:hin:jnlmpe:1117675
    DOI: 10.1155/2022/1117675
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