Economic Growth Factors Research of Hunan Province
Yang Yuan-pen
Abstract
Yang Yuan-pen
Abstract
This paper built a function of economic growth,and we conducted a theoretical analysis on the basis of this function.Then We started empirical analysis,based on Cobb- Douglas production function,taking the science and technology,human capital,urban structure,industrial structure and openness into the economic model,using 1992 to 2012 time-series data.Conclusions are:the economic growth of Hunan Province benefits from fixed capital,human capital investment and urbanization,which contribute to economic growth in fixed capital investment in the greatest;Hunan Province can promote economic growth better by continuing to promote the urbanization process;Openness and economic growth was a strong positive correlation;In addition,further propose appropriate policy recommendations are put forward in order to ensure sustained economic growth in Hunan Province.
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This paper built a function of economic growth,and we conducted a theoretical analysis on the basis of this function.Then We started empirical analysis,based on Cobb- Douglas production function,taking the science and technology,human capital,urban structure,industrial structure and openness into the economic model,using 1992 to 2012 time-series data.Conclusions are:the economic growth of Hunan Province benefits from fixed capital,human capital investment and urbanization,which contribute to economic growth in fixed capital investment in the greatest;Hunan Province can promote economic growth better by continuing to promote the urbanization process;Openness and economic growth was a strong positive correlation;In addition,further propose appropriate policy recommendations are put forward in order to ensure sustained economic growth in Hunan Province.
Key concepts: Openness to experience, Urbanization, Human capital, Investment (military), Economics, Production (economics), Capital (architecture), Order (exchange)