TY - JOUR
T1 - Market-Oriented Reforms and China’s Green Economic Development
T2 - An Empirical Study Based on Stochastic Frontier Analysis
AU - Chen, Xiude
AU - Li, Huiyang
AU - Qin, Quande
AU - Peng, Yulian
N1 - Publisher Copyright:
© 2020 Taylor & Francis Group, LLC.
PY - 2021
Y1 - 2021
N2 - The expanding of market-oriented reforms (MORs) over the past 40 years has provided steady momentum for China’s rapid economic growth. Based on the balanced panel data of 28 Chinese provinces from 1985–2015, an empirical analysis using stochastic frontier analysis was conducted to examine the impacts of MORs on the evolution of China’s green economic development. Energy efficiency is used to evaluate the degree of China’s green economic development. Results demonstrated that the average level of provincial energy efficiency was relatively low and the deviation of real energy efficiency from the optimal efficiency frontier was approximately 58%. This indicated China’s energy resources were extensively utilized. Provincial energy efficiency evolved dynamically in line with the degree of marketization. The MORs were the driving force of the improvements in China’s energy efficiency, and provided strong institutional support for China’s future green economy development.
AB - The expanding of market-oriented reforms (MORs) over the past 40 years has provided steady momentum for China’s rapid economic growth. Based on the balanced panel data of 28 Chinese provinces from 1985–2015, an empirical analysis using stochastic frontier analysis was conducted to examine the impacts of MORs on the evolution of China’s green economic development. Energy efficiency is used to evaluate the degree of China’s green economic development. Results demonstrated that the average level of provincial energy efficiency was relatively low and the deviation of real energy efficiency from the optimal efficiency frontier was approximately 58%. This indicated China’s energy resources were extensively utilized. Provincial energy efficiency evolved dynamically in line with the degree of marketization. The MORs were the driving force of the improvements in China’s energy efficiency, and provided strong institutional support for China’s future green economy development.
KW - energy efficiency
KW - green economic development
KW - Market-oriented reforms
KW - Q43
KW - stochastic frontier analysis
UR - http://www.scopus.com/inward/record.url?scp=85076416265&partnerID=8YFLogxK
U2 - 10.1080/1540496X.2019.1694885
DO - 10.1080/1540496X.2019.1694885
M3 - Article
AN - SCOPUS:85076416265
SN - 1540-496X
VL - 57
SP - 949
EP - 971
JO - Emerging Markets Finance and Trade
JF - Emerging Markets Finance and Trade
IS - 4
ER -
