Study on the Contribution of Land Element to Economic Growth in China
Feng Lei
Abstract
Feng Lei
Abstract
The purpose of the paper is to construct an economic growth model of land element,analyze their contribution to economic growth and the influence mechanism of land element,and calculate and test the contribution with data of China.Methods employed include theoretical analysis and empirical approach.The results show that:(1) the Solow model including land element also has a balanced growth path;(2)the contribution of land to economic growth in China is significantly 11.01%;(3)the economic growth sources of different regions are different.The east area more relies on the contribution of capital(87.62%),while the central area more relies on the contribution of land element (17.66%)and the west area more relies on the contribution of labor(14.93%).It is concluded that land element is important for the economic growth in China,a well-made land policy is necessary to maintain the long-term steady growth of macro economy and the policy shall reflect the differences of resources in different regions to the largest extent.
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The purpose of the paper is to construct an economic growth model of land element,analyze their contribution to economic growth and the influence mechanism of land element,and calculate and test the contribution with data of China.Methods employed include theoretical analysis and empirical approach.The results show that:(1) the Solow model including land element also has a balanced growth path;(2)the contribution of land to economic growth in China is significantly 11.01%;(3)the economic growth sources of different regions are different.The east area more relies on the contribution of capital(87.62%),while the central area more relies on the contribution of land element (17.66%)and the west area more relies on the contribution of labor(14.93%).It is concluded that land element is important for the economic growth in China,a well-made land policy is necessary to maintain the long-term steady growth of macro economy and the policy shall reflect the differences of resources in different regions to the largest extent.
Key concepts: Element (criminal law), China, Economics, Economic geography, Macro, Growth model, Land use, Capital (architecture)