The factor contribution to the Chinese industry growth: 1952-2007
Using the parameter estimation method and latent variable approach, this paper investigates China’s industrial output elasticity and TFP growth, and estimate the contribution of various factors to output growth from 1952 to 2007. The main findings are that the growth mode of industrial is extensive from 1952 to 2007. But the importance of each factors to growth have phased characteristics, especially between 1996 and 2007, the contribution of intelligence factors exceeded that of primary inputs in the first time. This shows that the growth mode start the transformation from extensive to intensive in China’s industry. In order to provide the continuous driving force for Chinese industry growth by technological progress, it is necessary to keep the elasticity of capital from falling. At the same time, we should fulfill the effect of human capital.
growthfactor totalfactorproductivity humancapital
Zeng Xian-feng Li Guo-ping
School of business Xi’an International Studies University Xi’an China School of Economics & Finance Xi’an Jiaotong University Xi’an China
国际会议
广州
英文
1-4
2011-05-13（万方平台首次上网日期，不代表论文的发表时间）