ScholarLens Back to search
2006•Jingji lilun yu jingji guanliRequires access

ESTIMATING THE OUTPUT ELASTICITY OF FACTORS IN CHINA

Zhiyun Zhao

Open publisher page 4 citations

Abstract

Output elasticity of factors are very important for analyzing the performance,characteristics,and sustainability of economic growth.The estimation of output elasticity of factors in China since reform from 1978 to 2004 is: the average output elasticity of capital is 0.56,that of labor is 0.44,and the output elasticity of capital is decreasing,while that of labor increasing;output elasticity of capital in eastern areas is higher than that in middle areas,which is higher than that in western areas;the average annual growth rate of total factor productivity is between 3.7% and 3.9%.

About this research paper

What this paper is about

Output elasticity of factors are very important for analyzing the performance,characteristics,and sustainability of economic growth.The estimation of output elasticity of factors in China since reform from 1978 to 2004 is: the average output elasticity of capital is 0.56,that of labor is 0.44,and the output elasticity of capital is decreasing,while that of labor increasing;output elasticity of capital in eastern areas is higher than that in middle areas,which is higher than that in western areas;the average annual growth rate of total factor productivity is between 3.7% and 3.9%.

Why it matters

OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Output elasticity of factors are very important for analyzing the performance,characteristics,and sustainability of economic growth.The estimation of output elasticity of factors in China since reform from 1978 to 2004 is: the average output elasticity of capital is 0.56,that of labor is 0.44,and the output elasticity of capital is decreasing,while that of labor increasing;output elasticity of capital in eastern areas is higher than that in middle areas,which is higher than that in western areas;the average annual growth rate of total factor productivity is between 3.7% and 3.9%.

Key concepts: Elasticity (physics), Output elasticity, Economics, China, Total factor productivity, Econometrics, Productivity, Microeconomics

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
ESTIMATING THE OUTPUT ELASTICITY OF FACTORS IN CHINA — Research Paper | ScholarLens