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Land Finance, Producer Services Agglomeration, and Green Total Factor Productivity

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  • Rui Xie
  • Siling Yao
  • Feng Han
  • Jiayu Fang

Abstract

This study explores the effect of land finance (LF) and producer services on green total factor productivity (GTFP) according to spatial and agglomeration economic theories. Then, based on the spatial Durbin model, we employ panel data of 283 Chinese cities at the prefecture level and above from 2003 to 2015 to estimate the effect of LF and producer services agglomeration on GTFP. We find that specialized agglomeration of producer services promotes the GTFP of the city and its neighboring cities. While diversified agglomeration is advantageous to the GTFP in the city, it significantly reduces in neighboring cities. LF not only improves the GTFP of the city and neighboring cities but also weakens the promotion effect of the specialized agglomeration of producer services on the GTFP of the city and surrounding cities. Furthermore, we find that there exists industry and regional heterogeneities of the effect.

Suggested Citation

  • Rui Xie & Siling Yao & Feng Han & Jiayu Fang, 2019. "Land Finance, Producer Services Agglomeration, and Green Total Factor Productivity," International Regional Science Review, , vol. 42(5-6), pages 550-579, September.
    • Handle: RePEc:sae:inrsre:v:42:y:2019:i:5-6:p:550-579
    DOI: 10.1177/0160017619836270
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    References listed on IDEAS

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    Cited by:

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    4. Junwei Zhao & Yuxiang Zhang & Anhang Chen & Huiqin Zhang, 2022. "Analysis on the Spatio-Temporal Evolution Characteristics of the Impact of China’s Digitalization Process on Green Total Factor Productivity," IJERPH, MDPI, vol. 19(22), pages 1-21, November.
    5. Zhou, Lin & Tian, Li & Cao, Yandong & Yang, Linchuan, 2021. "Industrial land supply at different technological intensities and its contribution to economic growth in China: A case study of the Beijing-Tianjin-Hebei region," Land Use Policy, Elsevier, vol. 101(C).
    6. Mark D. Partridge & Yue Hua, 2019. "Introduction to the Seventh RUSE Special Issue," International Regional Science Review, , vol. 42(5-6), pages 371-373, September.
    7. Wei Zhang & Jing Cheng & Xuemeng Liu & Zhangrong Zhu, 2023. "Heterogeneous industrial agglomeration, its coordinated development and total factor energy efficiency," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(6), pages 5511-5537, June.
    8. Shicong XU & Abdoul G. SAM, 2021. "Diversity Or Specializarion? Understanding Knowledge Spillover Mechanisms In China," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 225-238, June.
    9. Xie, Rui & Yao, Siling & Han, Feng & Zhang, Qi, 2022. "Does misallocation of land resources reduce urban green total factor productivity? An analysis of city-level panel data in China," Land Use Policy, Elsevier, vol. 122(C).
    10. Xie, Rui & Fu, Wei & Yao, Siling & Zhang, Qi, 2021. "Effects of financial agglomeration on green total factor productivity in Chinese cities: Insights from an empirical spatial Durbin model," Energy Economics, Elsevier, vol. 101(C).
    11. Wang, Xuliang & Xu, Lulu & Ye, Qin & He, Shi & Liu, Yi, 2022. "How does services agglomeration affect the energy efficiency of the service sector? Evidence from China," Energy Economics, Elsevier, vol. 112(C).
    12. Yunyun Wu & Han Xu, 2023. "The Effect of FDI Agglomeration on Carbon Emission Intensity: Evidence from City-Level Data in China," Sustainability, MDPI, vol. 15(2), pages 1-20, January.
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    14. Liang, Chao & Wang, Qi, 2023. "The relationship between total factor productivity and environmental quality: A sustainable future with innovation input," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    15. Yaoshan Ma & Qingyu Yao, 2022. "Impact of Producer Service Agglomeration on Carbon Emission Efficiency and Its Mechanism: A Case Study of Urban Agglomeration in the Yangtze River Delta," Sustainability, MDPI, vol. 14(16), pages 1-23, August.

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