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Economic Change and Restructuring

Published in:

18-11-2021

Testing green fiscal policies for green investment, innovation and green productivity amid the COVID-19 era

Authors: Linhao Zhao, YunQian Zhang, Muhammad Sadiq, Vu Minh Hieu, Thanh Quang Ngo

Published in: Economic Change and Restructuring | Issue 5/2023

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Abstract

This article measures renewable energy firm-level pure innovation efficiency, green productivity, technical efficiency, scale efficiency and total investment efficiency from micro input–output factors using Banker, Charnes and Cooper’s (BCC) data envelopment analysis (DEA) approach. Its main novelty is that it clearly explores the effective impacts of government subsidies and tax rebate policies on renewable energy firms’ investment efficiency using China’s renewable energy firm-level panel data. Our observational findings indicate that between 2001 and 2018, the aggregate degree of total investment performance from renewable energy firms rose steadily before declining. Renewable energy firms had larger ranges of total investment efficiency and size efficiency, and their levels of pure technological efficiency were both greater than 0.457%. At the 16% trust mark, current government subsidies and taxation rebates had dramatically positive effects on pure technological efficiency and total investment efficiency; additionally, government subsidies have a stronger positive impact on total investment efficiency and pure technical efficiency than taxation rebates. Furthermore, the ownership concentrations of renewable energy companies greatly encourage pure technological efficiency, size efficiency and total investment efficiency, and asset returns will significantly increase their average degree of total investment efficiency and pure technical efficiency.

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Title: Testing green fiscal policies for green investment, innovation and green productivity amid the COVID-19 era
Authors: Linhao Zhao
YunQian Zhang
Muhammad Sadiq
Vu Minh Hieu
Thanh Quang Ngo
Publication date: 18-11-2021
Publisher: Springer US
Published in: Economic Change and Restructuring / Issue 5/2023
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-021-09367-z

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