Abstract It is difficult to avoid resource mismatch in the process of economic development, and reducing resource mismatch is the key to improve total factor productivity. Based on the panel data of 258 prefecture-level cities in China from 2007 to 2018, this paper uses the method of fixed effect analysis to investigate the impact of government intervention on total factor productivity from the perspective of resource mismatch.The research shows that capital mismatch and labor mismatch will seriously hinder the improvement of total factor productivity as a whole, while local government intervention not only has a U-shaped direct impact on total factor productivity. It also has an indirect impact on total factor productivity by reducing resource mismatch. From a regional point of view, government intervention in the eastern region can promote the improvement of total factor productivity by reducing the indirect effects of capital mismatch, while government intervention in the central region can promote total factor productivity through both direct and indirect effects. Government intervention in the western region can promote total factor productivity through direct effects. Through threshold analysis, it is also found that government intervention has a threshold effect on the impact of resource mismatch on total factor productivity. When the intensity of government intervention is less than the threshold value, the inhibitory effect of resource mismatch on total factor productivity will be significantly improved. Otherwise, it will increase the negative impact of resource mismatch on total factor productivity.
LIAO Changwen,ZHANG Zhidong. Local Government Intervention and Total Factor Productivity: From the Perspective of Resource Mismatch——Based on the Perspective of Resource Mismatch. Economic Survey, 2023, 40(2): 03.
2023, Vol. 40 
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