关键词: 绿色发展关注度, 绿色全要素生产率, 金融科技, 绿色技术进步

Abstract: Green development, aimed at increasing green total factor productivity (GTFP) is an essential pathway to reconciling the contradiction between economic development and environmental/resource constraints thereby facilitating high-quality economic development. Essentially, GTFP reflects a form of resource allocation efficiency that incorporates environmental factors. Shifts in local government’s attention to green development can lead to resource reallocation, which in turn affects GTFP. This paper employs textual analysis of local government work reports from 266 cities between 2011 and 2021 to explore the impact of local governments’ green development attention on local GTFP. The findings reveal that increased governmental focus on green development significantly improves GTFP, primarily by promoting green technological progress. Furthermore, the development of financial technology (fintech) positively moderates the relationship between green development and GTFP, enhancing the effectiveness of policy focus. The effect is more pronounced in large cities, resource-based cities, and those with higher levels of human capital accumulation. Overall, the government’s attention to green development not only promote environmental sustainability but also contributes to economic growth.

Key words: green development attention, green total factor productivity (GTFP), financial technology (fintech), green technological progress