Impact of Investment and Technology Stock on Total Production: an Empirical Study of 35 Cities in China
In order to evaluate the impact of investment and technology stock on total production, a panel date model is used in this paper. By introducing investment in fixed assets as investments proxy, estimation of the number of in-force issued patents from 30 provincial capitals and 5 cities specially designated in the state plan as technology stocks proxy, the paper model can solve the problem of parameter quantification. Empirical results show that the investment and technology stock have positive impact on the total production, that the elasticity coefficient of investment is more than that of technology stock, that the total factor productivity(TFP) of the western cities is less than that of eastern coastal cities. Not only investment in fixed assets and innovation should be increased, but also the total factor productivity should be be increased in the process of Western Development.
investment technology stock total production
Gui-zhong ZHENG Jin-Ian LIU
School of Management,Tianjin University,Tianjin,China School of Management, Tianjin University,Tianjin,China
国际会议
厦门
英文
1666-1669
2010-10-29（万方平台首次上网日期，不代表论文的发表时间）