Research on the Influence Mechanism of Factor Misallocation on the Transformation Efficiency of Resource-Based Cities Based on the Optimization Direction Function Calculation Method

Abstract

Reasonable evaluation of the transformation efficiency of resource-based cities can provide a reliable basis for correcting factor misallocation and optimizing factor allocation. This study improves the directional distance function from the aspects of direction vector endogeneity, relative distance and exogenous weight. Based on the improved model, the data of China’s prefecture-level cities from 2003 to 2018 are used to measure and compare the transformation efficiency of resource-based cities and non-resource-based cities. By setting different exogenous weights, the transformation efficiency considering the total factor and the transformation efficiency only considering the energy factor are obtained. Further comparative analysis shows that the two transformation efficiencies of resource-based cities are lower than those of non-resource-based cities, and the two keep the same change trend. Whether it is a resource-based city or a non-resource-based city, the level of transformation efficiency that only considers energy factors is lower. Further, this study decomposes the transformation efficiency of resource-based cities according to the three dimensions of transformation efficiency and finds that the energy efficiency, output efficiency and environmental efficiency of China’s resource-based cities are different, and the transformation efficiency in the three dimensions of energy conservation, economic growth and environmental friendliness is also different.