The Empirical Analysis on the Regional Difference of Economic Growth Influenced by Capital Accumulation in China
LI Hong-song, Tian Yixiang
Abstract
LI Hong-song, Tian Yixiang
Abstract
The pace of capital accumulation is one of the important factors.Based on the theorical analysis between capital accumulation and economic growth,this article infers a model by a product function,then obtains the contribution of physical capital and human capital to economic growth.The result indicates that the main reason for the difference between the east and the west is the imbalance of physical capital investment.In the end,the ways to fastern the western development is put forward.
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The pace of capital accumulation is one of the important factors.Based on the theorical analysis between capital accumulation and economic growth,this article infers a model by a product function,then obtains the contribution of physical capital and human capital to economic growth.The result indicates that the main reason for the difference between the east and the west is the imbalance of physical capital investment.In the end,the ways to fastern the western development is put forward.
Key concepts: Capital deepening, Physical capital, Pace, Capital (architecture), Capital accumulation, Investment (military), Economics, China