The Impact of New-Type Urbanization Policy on Urban Green Total Factor Productivity: New Evidence from China

21 Pages Posted: 22 Jul 2024

See all articles by Zhijun Li

Zhijun Li

Xidian University

Yuanyuan Shi

Xidian University

Michal Wojewodzki

Faculty of Business, Lingnan University

Yigang Wei

Independent

Meiyu GUO

Hong Kong Baptist University (HKBU)

Date Written: June 17, 2024

Abstract

China's new-type urbanization has been instrumental in fostering high-quality economic and social progress. This research explores the impact and underlying mechanisms of the newtype urbanization policy on urban green total factor productivity (GTFP) by analyzing a sample of 165 Chinese prefecture-level cities from 2009 to 2020. Utilizing the difference-indifferences (DID) approach, the study uncovers several key findings: (1) compared to non-pilot areas, the new-type urbanization policy significantly boosts urban GTFP by 43.5%, supporting a shift towards more sustainable and eco-friendly urban growth; (2) the analysis of impact mechanisms indicates that these policies enhance urban GTFP through technological innovation and environmental regulation; and (3) the urban agglomeration model test reveals that being part of an urban agglomeration amplifies the effects of the new-type urbanization policy on GTFP. These results underscore the significance of these policies in driving sustainable and high-quality urban development in China, offering valuable insights for policymakers to formulate and implement effective urbanization strategies.

Keywords: new-type urbanization, green total factor productivity, DID, influencing mechanisms, China

Suggested Citation

Li, Zhijun and Shi, Yuanyuan and Wojewodzki, Michal and Wei, Yigang and GUO, Meiyu, The Impact of New-Type Urbanization Policy on Urban Green Total Factor Productivity: New Evidence from China (June 17, 2024). Available at SSRN: https://ssrn.com/abstract=4870539 or http://dx.doi.org/10.2139/ssrn.4870539

Zhijun Li

Xidian University ( email )

Yuanyuan Shi

Xidian University ( email )

Michal Wojewodzki (Contact Author)

Faculty of Business, Lingnan University ( email )

8 Castle Peak Road
Tuen Mun
Hong Kong

Yigang Wei

Independent ( email )

Meiyu GUO

Hong Kong Baptist University (HKBU) ( email )

Department of Economics
Kowloon, Hong Kong
Hong Kong

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