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<p>In the knowledge economy, digitalization turns data and knowledge into key production factors, stimulating market vitality, advancing marketization, and improving green total factor productivity (GTFP). China, with its rapid marketization and advanced digital economy, offers valuable insights for other emerging economies facing similar sustainable development challenges. Using prefectural-level city data from 2009 to 2020 in China, the Epsilon Based Measure-Global Malmquist Luenburger (EBM-GML) method was used to calculate GTFP. This study constructs the moderating effect model and threshold effect model to investigate the effect of marketization on GTFP and the role of the digital economy in regulating this correlation.The findings show that marketization significantly enhances GTFP, and the digital economy acts as a positive moderator, further strengthening this effect. Further analysis shows that green technological innovation and industrial structural upgrading are key channels through which marketization and its interaction with the digital economy influence GTFP. Moreover, the impacts of marketization and the moderating influences of the digital economy are more prominent in non-western cities, cities included in urban cluster planning, cities with higher levels of rule of law, and cities with a larger population.</p>

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Marketization and Green Total Factor Productivity Growth: The Perspective of Digital Economy

  • 期刊论文

  • 发表日期：

    2026年6月18日

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  • Meizhe Song,
  • Yuling Liao

摘要

In the knowledge economy, digitalization turns data and knowledge into key production factors, stimulating market vitality, advancing marketization, and improving green total factor productivity (GTFP). China, with its rapid marketization and advanced digital economy, offers valuable insights for other emerging economies facing similar sustainable development challenges. Using prefectural-level city data from 2009 to 2020 in China, the Epsilon Based Measure-Global Malmquist Luenburger (EBM-GML) method was used to calculate GTFP. This study constructs the moderating effect model and threshold effect model to investigate the effect of marketization on GTFP and the role of the digital economy in regulating this correlation.The findings show that marketization significantly enhances GTFP, and the digital economy acts as a positive moderator, further strengthening this effect. Further analysis shows that green technological innovation and industrial structural upgrading are key channels through which marketization and its interaction with the digital economy influence GTFP. Moreover, the impacts of marketization and the moderating influences of the digital economy are more prominent in non-western cities, cities included in urban cluster planning, cities with higher levels of rule of law, and cities with a larger population.