A Research on the Momentum of China’s Economic Growth——Based on the Data of 1978-2014

DOI

10.2991/icemc-16.2016.112How to use a DOI?

Keywords

Economic growth momentum; Trans-log production function model; Input-output elasticity; Correction of multicollinearity

Abstract

On the basis of the trans-log production function model, the paper analyses the economic data during 1978-2014 through the labor, capital and technical factors, and delivering a conclusion on the sources of China’s economic growth within this period. This paper adds the time trend variable(t= T—1978) into trans-log production function model and neutral technical progress in economic system considered into the production function. Based on all parameters of production function calculated through Eviews, labor input-output elasticity, capital input-output elasticity and technology input-output elasticity are work out. The conclusion of the specific sources of China’s economic growth has drawn from the three elasticity indictors.[1] Furthermore, the differences indicators of labor and capital technology progresses have obtained as well, so as to analyzing the growth rate of labor technology and capital.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Tingting Li
PY  - 2016/05
DA  - 2016/05
TI  - A Research on the Momentum of China’s Economic Growth——Based on the Data of 1978-2014
BT  - Proceedings of the 2016 International Conference on Education, Management and Computer Science
PB  - Atlantis Press
SP  - 545
EP  - 548
SN  - 1951-6851
UR  - https://doi.org/10.2991/icemc-16.2016.112
DO  - 10.2991/icemc-16.2016.112
ID  - Li2016/05
ER  -