Increasing Returns and the Sustainable Growth of China’s Economy

摘要：

The diminishing marginal revenue of production factor is the main obstacle to economic sustainable growth. Increasing returns attributed to technological progress, human capital and improvement of the resources allocation efficiency is the key to solve it. Using the state panel data from 1998 to 2005 and total factor productivity decomposition methods, Chinas economic growth can be decomposed into the contribution of production factor input, human capital, technological progress and improvement of the resource allocation efficiency in this paper. The research indicates that capital inputs contribute most to Chinas total output, reaching 60%; the contribution of TFP is the second, reaching 35%; while labor inputs contribute little, only 5%. In all factors of TFP, the efficiency of resource allocation contributes most to total output, the technological progress contributes small and the human capital plays a negligible role in it. Therefore, the sustainable growth of Chinas economy depends on the improvement of human capital and technological progress in the role of output increase.

关键词： the Sustainable Growth of Economy Increasing Returns Technological Progress Human Capital

作者: Wanghui Liu

作者单位: School of Economics, Hubei University of Economics, Wuhan, 430205, China

会议类型: 国际会议

会议名称: The Ninth Wuhan International Conference on E-Business(第九届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 1144-1151

在线出版日期: 2010-05-29（万方平台首次上网日期，不代表论文的发表时间）