An Empirical Study of China’s Environmental Economic Policy and the Effect of Industrial Green Transformation—Based on Data Envelopment Analysis Model

Abstract

—As the world’s environmental problems become increasingly prominent, countries are paying more attention to the environment and energy. Under the background of the national "14th Five-Year Plan" strategy, China has successively introduced a series of environmental and economic policies aimed at key pollutant emission industries. Guide and encourage high-polluting and high-emission enterprises to develop a green economy, while various environmental and economic policies have different effects on the green transformation of enterprises in different regions. Therefore, Based on regional heterogeneity, the effects of environmental economic policies on the green transformation of the energy industry are investigated in this study. This is essential for enhancing the difference, coordination, complementarity, and pertinence of policies, contributing to comprehensively improving the promotion of environmental economic policies to the green transformation of the energy industry significance. Besides, Based on the panel data of 30 provinces in China from 2008 to 2019, this paper conducts in-depth data mining on it, filters useful information, uses data envelopment analysis (DEA) to calculate the total factor productivity of industrial green in each province, and determines the key driving factors for industrial green transformation .. Further use Stata 15.0 software to conduct regression analysis on the fixed effects of environmental economic policies on the efficiency of industrial green transformation, and build an environmental economic policy evaluation index system. The differences between the three regions of East, Middle, and West are analyzed. The results demonstrate that guiding and restricting policies have a significantly positive effect on the green transformation of the energy industry while the role-participating policy and the green tax system have a significantly negative impact. From the perspective of the regional differences of environmental economic policies to the green transition of the energy industry, guiding and restricting policies have a significant role in promoting the green transition of industries in the eastern and western regions but have a counterproductive effect on the middle region; role-participating policies have a different influence on the industrial green transformation in the western region than it has on the eastern and middle regions; the effect of the green tax system on the industrial green transformation in the three regions of the East, Middle, and West is in the same direction as the whole country, and the impact on the middle region is the most significant.