Abstract: This paper, based on 2004 to 2016 panel data of China's 282 prefectures, establishes a GMM model and spatial Durbin model to study the impacts and spatial overflowing effect of financial pressure and industrial structural adjustment on green economic efficiency from different areas, types and vicinities. Green economic efficiency is largely restrained by financial pressure, but boosted by appropriate industrial structure, and improved by financial pressure and upgraded industrial structure in the eastern and central China, but outstandingly restrained by upgraded industrial structure in the western China. Green economic efficiency is promoted by both industrial structuralrationalizations, also promoted by financial pressure and upgrading industrial structure in resource-based cities, otherwise in non-resource-based cities. Industrial structural rationalizing and upgrading industrial structure largely exert a spatial overflowing effect on green economic efficiency.

Key words: financial pressure, industrial structural adjustment, green economic efficiency, GMM Model, spatial overflowing effect

摘要： 基于2004—2016年全国282个地级及以上城市面板数据，构建GMM模型和空间杜宾模型，从不同区域、不同类型及不同邻近关系分析财政压力与产业结构调整对绿色经济效率的影响及空间溢出效应。结果发现：财政压力对绿色经济效率有显著抑制作用，产业结构合理化对绿色经济效率的提升具有显著促进作用；东中部地区财政压力和产业结构高级化对绿色经济效率有提升作用，西部地区产业结构高级化则对其有显著抑制作用；资源型城市财政压力、产业结构合理化及高级化对绿色经济效率均有促进作用，非资源型城市财政压力、产业结构高级化对绿色经济效率有负向作用，产业结构合理化则有显著促进作用；产业结构合理化及高级化对绿色经济效率的空间溢出效应显著。

关键词: 财政压力, 产业结构调整, 绿色经济效率, GMM模型, 空间溢出效应