Eco-Efficiency of Industrial Investment and Its Influencing Factors in China Based on a New SeUo-SBM-DEA Model and Tobit Regression | Zendy

Chuanjin Zhu | Zendy; Nan Zhu | Zendy; Wasi Ul Hassan Shan | Zendy

Open Access

Eco-Efficiency of Industrial Investment and Its Influencing Factors in China Based on a New SeUo-SBM-DEA Model and Tobit Regression

Author(s) -

Chuanjin Zhu,

Nan Zhu,

Wasi Ul Hassan Shan

Publication year - 2021

Publication title -

mathematical problems in engineering

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.262

H-Index - 62

eISSN - 1026-7077

pISSN - 1024-123X

DOI - 10.1155/2021/5329714

Subject(s) - tobit model , investment (military) , sustainable development , china , economics , secondary sector of the economy , value (mathematics) , environmental economics , business , econometrics , natural resource economics , economy , geography , mathematics , statistics , archaeology , politics , political science , law

Nowadays, eco-efficiency is one of the most widely used comprehensive indicators in many fields and sectors. Understanding eco-efficiency is of great significance to implement sustainable socioeconomic development for decision makers. To assess the comprehensive performance of industrial investment, the eco-efficiency of industrial investment (EEII) is constructed under the comprehensive perspective of economic benefits, energy consumption, and environmental impact in this paper. Then, a new superefficient undesirable-output slack-based measure DEA (SeUo-SBM-DEA) model is proposed and applied to assess the EEII of 30 provinces in China from 2015 to 2017, and its influencing factors are analyzed using the Tobit regression. The empirical results show the following: (1) the eco-efficiency of China’s industrial investment is generally low (0.613), and there exists a significant regional disparity; namely, the average value of EEII was the highest in the eastern regions (0.838), followed by the central regions (0.6) and western regions (0.397). (2) R&D expenditure, economic development level, and foreign direct investment all had a significant positive effect on the eco-efficiency of industrial investment, while investment in treatment of industrial pollution sources and total education funds all had a significant negative effect. Finally, this paper puts forward some suggestions to promote sustainable development of industrial investment based on our findings.

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