ScholarLens Back to search
2011•Journal of Shanxi Finance and Economics UniversityRequires access

An Empirical Analysis of Economic Growth Factors In Central China——Based on the Time Series Data from 1978 to 2009

LI Dan-qing

Open publisher page 0 citations

Abstract

This paper firstly uses the Solow Growth Model to econometrically analyze the relationship between GDP and economic growth factors: capital,labor and TFP(total factors productivity) from 1978 to 2009 in central China.Then the paper calculates the elasticity of capital GDP and the elasticity of labor to GDP and the growth rate and contribution rate of each factor.The results show that the most part of the output comes from capital investment,while the contribution of labor and TFP are small in central China.As a result of the fact that economic growth is not sustainable if it is largely driven by extensive use of capital,central China needs to change the mode of promoting economic growth,so as to gradually realize intensive growth and the goal ofthe rise of central China.

About this research paper

What this paper is about

This paper firstly uses the Solow Growth Model to econometrically analyze the relationship between GDP and economic growth factors: capital,labor and TFP(total factors productivity) from 1978 to 2009 in central China.Then the paper calculates the elasticity of capital GDP and the elasticity of labor to GDP and the growth rate and contribution rate of each factor.The results show that the most part of the output comes from capital investment,while the contribution of labor and TFP are small in central China.As a result of the fact that economic growth is not sustainable if it is largely driven by extensive use of capital,central China needs to change the mode of promoting economic growth,so as to gradually realize intensive growth and the goal ofthe rise of central China.

Why it matters

A significance statement is not available in the OpenAlex record.

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

This paper firstly uses the Solow Growth Model to econometrically analyze the relationship between GDP and economic growth factors: capital,labor and TFP(total factors productivity) from 1978 to 2009 in central China.Then the paper calculates the elasticity of capital GDP and the elasticity of labor to GDP and the growth rate and contribution rate of each factor.The results show that the most part of the output comes from capital investment,while the contribution of labor and TFP are small in central China.As a result of the fact that economic growth is not sustainable if it is largely driven by extensive use of capital,central China needs to change the mode of promoting economic growth,so as to gradually realize intensive growth and the goal ofthe rise of central China.

Key concepts: Economics, Total factor productivity, China, Output elasticity, Macroeconomics, Time series, Capital (architecture), Capital accumulation

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
An Empirical Analysis of Economic Growth Factors In Central China——Based on the Time Series Data from 1978 to 2009 — Research Paper | ScholarLens