Abstract Selecting panel data from 30 provinces in China from 2012 to 2021, the paper examined the impact of market-oriented allocation of factors on green innovation efficiency in high-tech industries. The results show that market-oriented allocation of factors can significantly improve the efficiency of green innovation in high-tech industries. And after a series of robustness tests, this conclusion is still valid. The intermediary effect results indicate that market-oriented allocation of factors can improve the efficiency of green innovation in high-tech industries by promoting the flow of human capital and promoting the upgrading of industrial structure. The heterogeneity test reveal that the influence of market-oriented allocation of factors on the green innovation efficiency of high-tech industries is more significant in the eastern and central regions, resource endowment regions and high urbanization level. The spatial effect test show that the market-oriented allocation of factors has a significant positive spatial spillover effect on the green innovation efficiency of high-tech industries. Accordingly, governments at all levels should deepen the reform of market-oriented allocation of factors, stimulate the green innovation vitality of high-tech industries, accelerate the upgrading of industrial structure, and promote the construction of a unified national factor market. In addition, the government should formulate a differentiated allocation policy of factors and break down barriers to the circulation of factors between regions, in order to help improve the efficiency of green innovation in high-tech industries.
MA Lin,HUANG Lijun. The Impact of Market-based Allocation of Factors on the Efficiency of Green Innovation in High-tech Industries. Economic Survey, 2024, 41(4): 0108.
2024, Vol. 41 
