中共十九大报告指出，要素市场化配置是经济体制改革的重点。利用2003—2019年中国省际面板数据，采用面板固定效应模型和门槛回归方法，实证研究要素市场扭曲、绿色创新效率与高技术产业集聚之间的关系。结果表明，要素市场扭曲会阻碍绿色创新效率提升，高技术产业集聚能够显著促进绿色创新效率提升，并削弱要素市场扭曲对绿色创新效率提升的抑制作用。门槛效应表明，在高技术产业集聚程度较高的情况下，要素市场扭曲对绿色创新效率的抑制作用会被扭转。以上结果均表现出显著的区域异质性。
China has achieved rapid economic development at a huge environmental price. It is a widely-concerned issue of how to realize the "win-win" situation between economic development and ecological environment. Green innovation ensures the coordinated development of economic and environmental benefits, therefore it is vital to improve the national green innovation ability so as to meet the multiple demands of both ecological environment and development. The development of innovation activities is inseparable from the regulation of factor market，and China's factor market is seriously distorted due to the incomplete reform of factor market and the development of factor market still lags behind the development of commodity market，which has a certain negative impact on the flow obstacles of innovation factors and the allocation of innovation resources. Hence it is of great practical significance to explore the improvement of green innovation efficiency from the perspective of factor market.#br#In the above background，this paper takes the inter provincial green innovation efficiency as the research object，and comprehensively investigates the impact of factor market distortion on green innovation efficiency from the perspectives of labor factor market distortion and capital factor market distortion. At the same time，considering the characteristics of high-tech industrial agglomeration on the large-scale，intensive and efficient production activities，as well as the characteristics of knowledge and technology intensive and low energy consumption of high-tech industry itself，this paper discusses the role of high-tech industrial agglomeration in the relationship between factor market distortion and green innovation efficiency，which is also an effective supplement to factor market distortion and green innovation.It empirically studies the relationship among factor market distortion，green innovation efficiency and high-tech industrial agglomeration by using China's inter provincial panel data from 2003 to 2019 and panel fixed effect model and threshold regression method. It is found that factor market distortion will hinder the improvement of green innovation efficiency，while high-tech industrial agglomeration significantly promotes the improvement of green innovation efficiency，and it can weaken the inhibitory effect of factor market distortion on the improvement of green innovation efficiency. The threshold effect shows that under the high degree of high-tech industrial agglomeration，the inhibitory effect of factor market distortion on green innovation efficiency will be reversed，and the above results show significant regional heterogeneity.#br#Combined with the research conclusions，this study provides the following enlightenments. Firstly，it effectively guides the orderly flow of labor factors. The government should make greater efforts to promote the reform of the registered residence system，eliminate the negative impact of urban-rural dualization，gradually implement diversified population development policies，and promote the flow of labor. Secondly，the government should accelerate the market-oriented reform of capital factors. While comprehensively deepening the structural reform of the financial supply side，the government should comprehensively promote the marketization of interest rates，give play to the decisive role of market mechanism in the allocation of financial resources，and provide higher quality financial services for green innovation and development. Thirdly，the government should promote the integrated development of high-tech industries and actively support the construction of various high-tech industrial parks，actively break the market barriers and technical blockades among regions，and promote the development and integration of regional high-tech industries. At the same time, it is necessary to avoid the waste of resources and low efficiency caused by excessive agglomeration.#br#Compared with previous studies, this paper simultaneously brings factor market distortion，high-tech industrial agglomeration and green innovation efficiency into the research framework，analyzes the impact of factor market distortion on green innovation efficiency and the regulatory role of high-tech industrial agglomeration，which enriches the research on green innovation efficiency. Secondly，taking high-tech industrial agglomeration as the threshold variable，it analyzes the threshold characteristics of the impact of factor market distortion on green innovation efficiency，and it is conducive to further improving the accuracy and credibility of the research conclusion. Thirdly，by empirically exploring the linear and nonlinear effects of factor market distortion on the efficiency of green innovation on the overall and sub regional levels，this paper provides a new idea for improving the efficiency of green innovation in the stage of high-quality economic development.#br#
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