Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model

The discrepancy between global economic growth and environmental degradation has become increasingly pronounced, and the calculation of green economic efficiency has become a key issue. In response to the problem of traditional fixed effects models neglecting important heterogeneity factors in measu...

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Main Authors: Kaige Liu, Ze Fu, Yuxi Chai
Format: Article
Language:English
Published: IEEE 2024-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/10731664/
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author Kaige Liu
Ze Fu
Yuxi Chai
author_facet Kaige Liu
Ze Fu
Yuxi Chai
author_sort Kaige Liu
collection DOAJ
description The discrepancy between global economic growth and environmental degradation has become increasingly pronounced, and the calculation of green economic efficiency has become a key issue. In response to the problem of traditional fixed effects models neglecting important heterogeneity factors in measuring green economic efficiency, this study proposes an improved fixed effects model combined with long short-term memory neural network classification algorithm. The results showed that the model’s recall in the classification task was 0.9813, and the average area under the working characteristic curve of the subjects was 0.975, which was significantly better than the comparison algorithm; Multiple regression analysis indicted that capital stock had a remarkable negative influence on technical efficiency values, while energy consumption and financial agglomeration had a significant positive impact; Regions with per capita gross domestic product exceeding 60000 yuan, urbanization rate exceeding 60%, and tertiary industry proportion exceeding 50% generally had higher efficiency in green gross domestic product. The smallest value of the explanatory Variable for energy consumption intensity was 0.02, and the biggest value was 0.14, thus the fluctuation of energy consumption intensity in the sample was relatively small, which meant that most enterprises were relatively efficient in energy use. This model effectively improves the accuracy and explanatory power of green economy efficiency measurement, reveals the endogenous driving force of green economic growth, and support the policy formulation.
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spelling doaj-art-c888cf931cda4e1eb6ce287d517b77902025-08-20T02:14:27ZengIEEEIEEE Access2169-35362024-01-011216271416272810.1109/ACCESS.2024.348519010731664Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects ModelKaige Liu0Ze Fu1https://orcid.org/0009-0006-1576-3950Yuxi Chai2Yiwu Innovation Institute, Yiwu Industrial and Commercial College, Yiwu, ChinaYiwu Innovation Institute, Yiwu Industrial and Commercial College, Yiwu, ChinaNingbo Innovation Center, Zhejiang University, Ningbo, ChinaThe discrepancy between global economic growth and environmental degradation has become increasingly pronounced, and the calculation of green economic efficiency has become a key issue. In response to the problem of traditional fixed effects models neglecting important heterogeneity factors in measuring green economic efficiency, this study proposes an improved fixed effects model combined with long short-term memory neural network classification algorithm. The results showed that the model’s recall in the classification task was 0.9813, and the average area under the working characteristic curve of the subjects was 0.975, which was significantly better than the comparison algorithm; Multiple regression analysis indicted that capital stock had a remarkable negative influence on technical efficiency values, while energy consumption and financial agglomeration had a significant positive impact; Regions with per capita gross domestic product exceeding 60000 yuan, urbanization rate exceeding 60%, and tertiary industry proportion exceeding 50% generally had higher efficiency in green gross domestic product. The smallest value of the explanatory Variable for energy consumption intensity was 0.02, and the biggest value was 0.14, thus the fluctuation of energy consumption intensity in the sample was relatively small, which meant that most enterprises were relatively efficient in energy use. This model effectively improves the accuracy and explanatory power of green economy efficiency measurement, reveals the endogenous driving force of green economic growth, and support the policy formulation.https://ieeexplore.ieee.org/document/10731664/Green economyefficiency measurementfixed effect modelLSTMSBM model
spellingShingle Kaige Liu
Ze Fu
Yuxi Chai
Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
IEEE Access
Green economy
efficiency measurement
fixed effect model
LSTM
SBM model
title Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
title_full Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
title_fullStr Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
title_full_unstemmed Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
title_short Efficiency Calculation and Analysis of Green Economy Based on Improved Fixed Effects Model
title_sort efficiency calculation and analysis of green economy based on improved fixed effects model
topic Green economy
efficiency measurement
fixed effect model
LSTM
SBM model
url https://ieeexplore.ieee.org/document/10731664/
work_keys_str_mv AT kaigeliu efficiencycalculationandanalysisofgreeneconomybasedonimprovedfixedeffectsmodel
AT zefu efficiencycalculationandanalysisofgreeneconomybasedonimprovedfixedeffectsmodel
AT yuxichai efficiencycalculationandanalysisofgreeneconomybasedonimprovedfixedeffectsmodel