ABSTRACT
During the international economic crisis, the transformation of the original economic growth model has become the fundamental issue for many countries to achieve economic recovery and sustainable development in the long-run. When considering the current depletion of resources, rise of energy prices, deterioration of environmental pollution and the abnormal changes of global climate, then low-carbon economic transformation becomes the important method to realize economic transformation and sustainable development. The preferable slacks-based measure-directional distance function-activity analysis model approach convinces us that the correspondingly estimated environmental total factor productivity growth quantifies the quality of economic growth more precisely and its contribution to output growth will become the more reliable indicator to evaluate the low-carbon economic transformation, as opposed to the previous studies. To obtain the composite indicator to precisely evaluate the low-carbon transformation process, the chapter focuses on several models according to the relationships among variables and their different sample size.
