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Green total factor productivity mismeasurement without considering intangibles: Evidence from China

Author

Listed:
  • Qing Li

    (Department of Economics and Finance, SILC Business School, Shanghai University)

  • Kexing Yu

    (Department of Economics and Finance, SILC Business School, Shanghai University)

  • Yanrui Wu

    (Business School, The University of Western Australia)

Abstract

This paper aims to re-estimate green total factor productivity (GTFP) with the consideration of intangible capital in Chinese provinces during 2003 and 2017. Intangible capital is broadly defined and categorised into computerised information, innovative property and economic competency property. The finding suggests that the conventional GTFP is underestimated especially during the post-financial crisis period in China. It is also found that technical efficiency, which shows the trend of deterioration without capitalising intangibles, improves steadily and jointly with technological progress contributes to the improvement of productivity. The mismeasurement of GTFP is more severe in developed regions in China where intangible investment is more emphasised. Furthermore, regional GTFP shows the trend of convergence after intangible capital is incorporated and the rate of convergence turns to be faster in coastal regions than that in the interior.

Suggested Citation

  • Qing Li & Kexing Yu & Yanrui Wu, 2023. "Green total factor productivity mismeasurement without considering intangibles: Evidence from China," Economics Discussion / Working Papers 23-13, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:23-13
    Note: MD5 = 6b04307140c5dcea7009bb7064a9a65f
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    More about this item

    Keywords

    Green total factor productivity; intangible capital; data envelopment analysis; China;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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