A Research on the Momentum of China’s Economic Growth——Based on the Data of 1978-2014
Available Online May 2016.
- https://doi.org/10.2991/icemc-16.2016.112How to use a DOI?
- Economic growth momentum; Trans-log production function model; Input-output elasticity; Correction of multicollinearity
- 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. 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 PB - Atlantis Press SP - 545 EP - 548 SN - 1951-6851 UR - https://doi.org/10.2991/icemc-16.2016.112 DO - https://doi.org/10.2991/icemc-16.2016.112 ID - Li2016/05 ER -