Research On Low-carbon Industry Technical Efficiency And Financial Support

Low carbon economy is a hot topic of global economy and it needs sufficient funds todevelop. Theoretical, financial support can gather a lot of social wealth, spur economicdevelopment, provide a solid material basis for technical progress and the growth of theenterprise, thereby enhance the use of existing resources and improve technical efficiency ofproduction.Nowadays, China has an increasing financial support for low carbon economy. Ourlow-carbon economy is still in the incubation stage, small-scale, high-risk, backwardtechnology immaturity, and by strengthening financial support for low-carbon technologicalinnovation, the development of low-carbon growth of enterprises has important significance.Therefore, this paper estimates empirical analysis of the current level of technical efficiencyof low carbon businesses, and to analyze the efficiency of the financial impact of low-carbontechnological factors raise the efficiency of the financial support for low-carbon technologicalfeasibility of recommendations based on empirical results.This paper describes the financial deepening, financial constraints, endogenous finance,financial functions, such as the theory of financial support to promote the principles drawn onthe real economy, technological innovation theory expounded draw the importance oftechnological innovation for sustainable economic development, in this theory Discussion offinancial support for low-carbon economy based on the mechanism of action. Summaryabroad on technical efficiency and financial support, financial support low-carbon economyliterature, discusses the results of the current financial support for low-carbon industriesachieved.Based on the theory and previous research Technically, this paper explores the financialsupport for enterprise efficiency of the mechanism. Then at the forefront of productionanalysis Farrel (1957) proposed a framework, using beyond logarithmic Cobb-Douglasproduction function as a low-carbon enterprise production function, learn stochastic frontierproduction model Battese and Coelli (1995) proposed on50carbon listed companies fiveyears over2000samples of data, quantitative measure of the efficiency of a sample oflow-carbon technology companies, and the introduction of relevant variables affecting the technical efficiency of enterprises, focusing on exploring the financial support of thetechnical efficiency of the mechanism.The main conclusions of this paper are: Firstly, the technical efficiency of China’s lowcarbon enterprises are at a low level and there is great room to improve. Secondly, financialsupport can improve technical efficiency of enterprises. Thirdly, the scale of financial supporton low carbon industry in China is constantly increasing, but there is still many problemsneed solution.