The Variation Tendency Analysis on Contribution Rate to Economic Growth by Production Factor Input in China

Xuanyu LI

Abstract


The economic growth is influenced by two factors, input of production factors and social production efficiency. The input of production factors is the premise and foundation of economic growth. The previous academic studies generally use the production functions to derive quantitative description of contributions and all kinds of production factors input have contributed to economic growth. Based on translog production function, measuring the contribution rate of capital, labour and energy to economic growth in China, will absolutely be able to reveal their variation trendencies, as well as the changing path of the growth model in China.

Keywords


Production factors; Production Functions; Contribution rate; Variation Tendency

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References


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DOI: http://dx.doi.org/10.3968%2Fj.mse.1913035X20130702.1824

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