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What Factors are Crucial to Chinese Economic Growth? A Study Based on DEA and Panel Data

机译:哪些因素对中国经济增长至关重要?基于DEA和面板数据的研究

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This paper estimates total factor productivity of Chinese economy with a DEA Malmquist approach. The productivity is then used as a representative of technological progress in a growth model. The growth model analyse the effects of capital, labour, technology, globalisation, marketization and infrastructure on economic growth, based on provincial panel data. It is found that after 2002, productivity of Chinese economy reaches a positive growth rate and has a positive and relatively large output elasticity (0.54) for the economic growth. Technical change is a major contributor to the productivity growth. However, technical efficiency does not demonstrate significant growth during the focal period. The analysis also reveals that Chinese economic growth in the past years was mainly capital-driven, with a largest output elasticity of 0.61 and high growth rates of capital formation. The elasticity of labour, 0.47, is significantly large too, partially due to the migration of rural workers from agricultural sectors to industrial sectors and the improvement of labour quality. Infrastructure also has a positive impact on economic growth. The impacts of globalisation, marketization and FDI are insignificant.
机译:本文采用DEA Malmquist方法估算中国经济的全要素生产率。然后,将生产率用作增长模型中技术进步的代表。增长模型根据省级面板数据分析了资本,劳动力,技术,全球化,市场化和基础设施对经济增长的影响。研究发现,2002年以后,中国经济的生产率达到正增长,并且对经济增长具有正且相对较大的产出弹性(0.54)。技术变革是生产力增长的主要推动力。但是,在重点期间技术效率并未显示出显着增长。分析还显示,过去几年中,中国经济增长主要是由资本驱动的,最大的产出弹性为0.61,资本形成的增长率很高。劳动弹性为0.47,也很大,部分原因是农民工从农业部门向工业部门的迁移以及劳动质量的提高。基础设施也对经济增长产生积极影响。全球化,市场化和外国直接投资的影响微不足道。

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