Calculating the Contribution Rate of Technological Progress to Chinas Railway Transportation Revenue Growth—Based on the Econometric Model of Grey System Theory
In this paper, we estimate the capital and labor input elasticity coefficients, by using the relevant panel data about Chinas railway transportation revenue, fixed assets, number of employees from 1995 to 2009, based on Solow Residuals and Gray Relational Analysis method. The method overcomes the deficiencies of other methods in parameter estimation, such as, the empirical method, the ratio method, regression analysis and so on. On this basis, we calculate each contribution rate of technological progress, capital and labor input to Chinas railway transportation revenue growth during the three consecutive Five-Year Plan. The results correspond with the actual situation. The results also show that the method has important guiding role for improving the levels of Chinas railway operation and decision, and grasping the interaction patterns and relationships among the technological progress, production factors and railway transportation revenue growth. This method is also applicable to other industries.
MA Xiao-fei WANG Xin
School of Economics, Renmin University of China, Beijing, P.R.China, 100872 School of Economics and School of Transportation, Beijing Jiaotong University, Beijing, P.R.China, 100044
国际会议
2011 International Conference on Public Administration(2011公共管理国际会议)
成都
英文
926-931
2011-10-18（万方平台首次上网日期，不代表论文的发表时间）