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2002•Unpublished venueRequires access

Factors of Production in Regional Economic Growth of China in the 1990s

Yang Xiaoguang

Open publisher page 3 citations

Abstract

The paper analyzed the influencing factors in the industrial GDP growth of each province in China. The results showed that the TFP due to both technological progress and resource optimization increasingly becomes the main power of regional economic growth. Conclusions are drawn as follows: (1) In the 1990s, the TFP is becoming the main reason to influence regional disparity, and it is the main force to promote economic growth. (2) The capital is the main force to promote regional economic growth in China, but, the labor force affect is not distinct. (3) In the 1990s, each province witnessed the increase of TFP as a consequence of economic growth in scale and labor productivity, however, the contribution of resource allocation and capital-output ratio for economic growth is very low.

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What this paper is about

The paper analyzed the influencing factors in the industrial GDP growth of each province in China. The results showed that the TFP due to both technological progress and resource optimization increasingly becomes the main power of regional economic growth. Conclusions are drawn as follows: (1) In the 1990s, the TFP is becoming the main reason to influence regional disparity, and it is the main force to promote economic growth. (2) The capital is the main force to promote regional economic growth in China, but, the labor force affect is not distinct. (3) In the 1990s, each province witnessed the increase of TFP as a consequence of economic growth in scale and labor productivity, however, the contribution of resource allocation and capital-output ratio for economic growth is very low.

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Available abstract

The paper analyzed the influencing factors in the industrial GDP growth of each province in China. The results showed that the TFP due to both technological progress and resource optimization increasingly becomes the main power of regional economic growth. Conclusions are drawn as follows: (1) In the 1990s, the TFP is becoming the main reason to influence regional disparity, and it is the main force to promote economic growth. (2) The capital is the main force to promote regional economic growth in China, but, the labor force affect is not distinct. (3) In the 1990s, each province witnessed the increase of TFP as a consequence of economic growth in scale and labor productivity, however, the contribution of resource allocation and capital-output ratio for economic growth is very low.

Key concepts: Total factor productivity, Economics, China, Productivity, Production (economics), Capital (architecture), Factors of production, Resource (disambiguation)

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