Empirical Analysis of the Technology Development Factor in the Economic Growth of Shandong Province
Liping Wang
Abstract
Liping Wang
Abstract
This paper calculates the contribution of the technology development to the economic growth of Shandong province.The empirical analysis shows that the capital growth has the biggest contribution to Shandong's economic growth.The contribution of the technology development occupies the second place,and the labor growth has the least contribution.Shandong province's economic growth is mainly attributed to the capital input,and the extensive economic growth mode restricts the quality of its economic growth and the optimization of its economic structure.
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This paper calculates the contribution of the technology development to the economic growth of Shandong province.The empirical analysis shows that the capital growth has the biggest contribution to Shandong's economic growth.The contribution of the technology development occupies the second place,and the labor growth has the least contribution.Shandong province's economic growth is mainly attributed to the capital input,and the extensive economic growth mode restricts the quality of its economic growth and the optimization of its economic structure.
Key concepts: Economics, Capital (architecture), Economic system, Economic geography, Economic growth, Geography, Archaeology