Does capital input contribute to green total-factor capital efficiency?

Ruifeng Zhang, Lishuang Zhao and Shuhong Song

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: Based on the analysis of the impact mechanisms of capital price distortions, deepening, and green total-factor capital efficiency, this paper employs data from Chinese provinces from 2001 to 2020. We utilize restricted cost functions, stochastic frontier analysis, and quantile regression for empirical analysis. The results indicate that capital price distortions and capital deepening in Chinese provinces suppress the performance of green total-factor capital efficiency. The impact of capital investment on green total-factor capital efficiency differs at various efficiency levels. The suppressive effect of capital deepening on green total-factor capital efficiency intensifies with the increase in efficiency levels. The paper concludes with recommendations for addressing these issues.

Keywords: Capital price distortions; Capital deepening; Green total-factor capital efficiency; Heterogeneity (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324001776

DOI: 10.1016/j.frl.2024.105147

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