Study on total factor productivity Malmquist index of petrochemical industry from the perspective of China's industrial sector
Author of the article:HE Gang1, Dongphil CHUN1, LIU Haifeng2, ZHANG Xuepeng3, QI Fajin3, YIN Xu3, BAI Dongdong3, CHEN Biny
Author's Workplace:1. Graduate School of Management of Technology Pukyong National University, Busan, 48547, Korea; 2. Planning Department of PetroChina Southwest Oil & gas field company, Chengdu, Sichuan, 610051, China; 3. Kunming Oil and Gas Transmission Branch of Southwest Pipeline of State Pipeline Group, Kunming, Yunnan, 650500, China; 4. CPECC Southwest Company, Chengdu, Sichuan, 610041, China
Key Words:Petrochemical industry; Total factor productivity; China's industrial sector
Abstract:
Based on the
industry data of 35 sub-sectors in
the China's industrial sector
between 1998 and 2019, the total factor productivity of the petrochemical
industry is analyzed based on the efficiency evaluation method of data
envelopment analysis (DEA), using the total factor productivity Malmquist
index, taking into account energy and carbon emission factors. From the
perspective of the China's
industrial sector, the influence of the labor force, capital stock, the spatial
input level of CO2 emission, energy consumption, and output level of the
industry department on the total factor of energy efficiency is examined.
Through the component breakdown of total factor productivity of the
petrochemical industry, the analysis was conducted from the time span, industry
perspective, components that contributed to total factor productivity etc. It
is found that the petrochemical industry is at the productivity frontier of the
industry sector category in China and contributes to the productivity
improvement of China's
industrial sector. However, the average annual growth is only 0.8%, indicating
that there is a lot of room for improvement. The improvement in the total
factor productivity of the petrochemical industry benefits from technological
progress and progress in pure technical efficiency. The petrochemical industry
sub-sectors that are at
the frontier of efficiency are petroleum processing, coking and nuclear fuel
processing, and oil and gas production, in that sequence. Chemical fiber
manufacturing, chemical raw materials and chemical products manufacturing, and
rubber products and plastic products industries are in an ineffective state.
According to the analysis results, six-core
technologies are proposed to actively develop modern chemical technology for
processing of coal, new and advanced energy technology, new petroleum refining
technology, technology for new chemical material, new energy-saving and environmental protection technology,
high-end equipment and new
intelligent processing technology; to increase technological innovation,
digital structure transformation and industrial upgrading, strengthen
management, vigorously improve the utilization rate of resources, reduce carbon
emissions and energy consumption level, actively promote energy conservation
and emission reduction, build a circular economy industrial ecological chain
and other recommendations.