Low Carbon Economy Performance Analysis with the Intertemporal Effect of Capital in China

Xinna Zhao and Chongwen Zhong
Additional contact information
Xinna Zhao: School of Economics & Management, Beijing Institute of Petrochemical Technology, 19 Qingyuan Road, Beijing 102617, China
Chongwen Zhong: School of Economics & Management, Beijing Institute of Petrochemical Technology, 19 Qingyuan Road, Beijing 102617, China

Sustainability, 2017, vol. 9, issue 5, 1-18

Abstract: The “New Normal” of Chinese economy represents the importance of economic performance. To analyze the provincial performance of the low-carbon economy in China, this paper constructed a three-stage dynamic Malmquist model considering the evolutionary promotion of productivity and technical progress. This paper incorporates the lag effect of capital accumulation into the performance evaluation to ensure transitivity and continuity. Furthermore, the inefficiency of the low-carbon economy arises from the disadvantages of resources endowments; therefore, it is necessary to eliminate these to evaluate managerial performance. This paper not only evaluates the provincial performance of the low-carbon economy but also suggests the sources and impetus of regional low-carbon economy development to find feasible transition paths. The empirical results reveal that the performance of the low-carbon economy presents a gradient distribution with obvious distinctions among the eastern, central, and western regions. Tianjin and Hebei should emphasize the optimal allocation of their own resources. Jiangxi and Hunan, by contrast, should focus on the perfection of the resources endowments.

Keywords: low-carbon economy; total-factor productivity (TFP); data envelopment analysis (DEA); managerial performance; resources endowment (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/9/5/853/pdf (application/pdf)
https://www.mdpi.com/2071-1050/9/5/853/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:9:y:2017:i:5:p:853-:d:99188

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().