Research on the Influence of TFP on High-Quality Development in China

To promote high-quality economic development is the fundamental requirement for current and future development.Total Factor Productivity (TFP) which represents the degree of high-quality development is popularly researched and studied.Obviously, TFP is an important factor affecting high-quality development, but the system of high-quality development should be more detailed and comprehensive, and the specific relationship between the two is rarely studied in literature.Based on 2009-2017 panel data of China's 30 provinces (municipalities), this article empirically analyzses the impact of TFP on development of high quality.Firstly, from the perspective of the five concepts and of quality improvement, this article establishes the high quality development index evaluation system.It also measures the provincial TFP in our country.Secondly, it studies the impact of TFP on provincial quality and economic development of our country, using Data Development Analysis (DEA), Stata software based panels autoregressive model, and spatial econometric methods.Results show that: First, there is a causal relationship between TFP and high-quality development, and TFP has a positive impact on high-quality economic development.Second, the development of the financial sector also has a positive impact on high-quality development.Based on this, the paper puts forward policy suggestions to effectively promote the high-quality development of China's economy, so as to promote the long-term balanced and sustainable development of China's economy.