solow growth model China
54779422
A Localization of Solow Growth Model with Labor Growth Pattern in China
This paper investigates the Solow Growth Model on a country specific level by applying the demographic growth pat tern in China to it. To localize the neoclassic model, China population growth estimation function based on the Verhulst Population Model is introduced to transform the population growth rate from a constant to a function, altering the orig inal model assumption. By inserting the population growth function into Solow's work, an economy growth phase dia gram for China is obtained. MATLAB programming is used to depict the diagram in a three dimensional space and to show that the set of optimal capital labor ratio values lies in the intersecting line of two planes rather than in the inter secting point of two curves in the original model setting. An neoclassical aggregate feasible growth path for China's economy can be depicted based on a chosen optimal value. The dynamic equilibrium in this case should not be unique; instead, capital labor ratio together with population growth situation at a certain time point should be jointly taken into consideration to solve the optimization problem in the country's long term economy development.
Wang Wanxin Guo Zequn
157342201
Investigation into China's inter provincial inequality in income per capita the local solow growth model approach
Chongwu Xia Tian-yuan Liu
156397893
An Improvement of Analysis Methods for Economic Growth Rate and Its Sources Solow Growth Calculation Model with Regional Weight and Its Empirical Analysis of China
When previous scholars analyzed regional or national economic growth rate and their sources,they usually used Solow Growth Calculation Model to obtain mean value by making brief sum of economic growth rate and its sources of all regions but overlooked its proportion of each region to all regions or the whole country.Based on the related income function theory,when regional or national economic growth rate and its sources are analyzed,economic growth rate and its sources of each region should be calculated by weight and Solow Growth Calculation Model should be improved on the level of decision unit,subset and sylloge to get the proportion of regional total output to the output of all regions or the whole country on theoretical basis and by method of weight.According to the improved Solow Growth Calculation Model,this paper makes empirical analysis of China's economic growth rate and its sources since 2000,the results show that GDP growth rate is higher from the calculation by improved Model than by original Model and that labor contribution rate and TFP contribution rate are significantly underestimated for west regions of China but capital contribution rate is highly estimated by unimproved Model.
Chang Jian-xina
219799032
THE ANALYSIS OF THE DRIVING FACTORS OF CHINA'S ECONOMIC GROWTH BASED ON SOLOW MODEL
Xiaoxia Dong
156257544
Relationship between savings rate and economic growth Evidence of the applicability of the Solow growth model conclusions in China
In view of the problems of the savings rate affecting economic growth,based on 1978 2007 years of macro level data,using VAR model analysis the relationship between China's savings rate and economic growth is analysed.The results show that the effect of savings rate on economic growth is noticeble,However,the extent of the impact is relatively low.with our data as an example,the high savings rate brought about by high economic growth rate is not supported,The main conclusions of the Solow model is not applicable in our country.
Zhang Mao
214588878
Mechanisms and Countermeasures of Precise Poverty Alleviation in Contiguous Destitute Areas A Study based on Solow Swan Economic Growth Model
China has made achievements on world interest in anti poverty work since the reform and opening up, with a drastic decrease in rural poor population nationwide, but poverty presents new characteristics. Based on Solow Swan Model, this paper suggests that contiguous destitute areas are in low equilibrium and precise poverty alleviation is an external mechanism of introduction of capital, technologies and labor. Whether contiguous destitute areas, as the target of China's poverty relief program, can jump at the chance of precise poverty alleviation to acquire the capability of self development with the help of external forces and make great strides in development is the key to whether China can complete the building of a moderately prosperous society in all aspects by 2020. Finally, the paper brings forward four countermeasures based on international experience in poverty alleviation: efficient use and accurate management of invested capital, accelerated improvement of labor quality and strict control of fertility rates, precise technological support and establishment of central towns.
Zhengxia Tang
232374454
Measurement of Economic Growth Contribution of Technological Progress in China's First tier Cities Based on Solow Residual Method
This study uses the Solow Residual method which is a tool to measure the productivity growth other than capital investment and labor input, and this productivity growth which can represent technological progress in long term to construct a panel regression model for the four China's first tier cities in Beijing, Shanghai, Guangzhou and Shenzhen from 1992 to 2017 to measure the contribution rate of technological progress to economic growth, and conclude that the economic growth of first tier cities mainly depends on technological progress.
2020 Management Science Informatization and Economic Innovation Development Conference (MSIEID)
157817894
Spatial Perspective on Regional Growth in China: Evidence from an Extended Neoclassic Growth Model
ABSTRACT Following Ertur and Kock (2007) and Elhorst, Piras, and Arbia (2010) a spatially extended neoclassical Solow growth model is developed to explore the spatial characteristics of regional economic growth at the prefecture level over the period 1992 2010 in China. A Spatial Durbin Model with the spatial fixed effects is verified in empirical analysis. The results show that spatial spillovers exist not only among the economic growth of neighbors, but also among the initial economic levels of neighbors. Furthermore, the same analysis is conducted for a new specified sample by controlling spatial heterogeneity, and the results show that spatial spillover effects are enhanced and the velocity of convergence is greater. The empirical analysis verifies that the extended neoclassic growth model is a feasible foundation to explore the spatial characteristics of regional economic growth over the period 1992 2010 in China.
Xiangwei Sun Fei Chen Geoffrey J D Hewings
156228911
A Study on the Green Total Factor Productivity and Economic Growth of China Constrained by Carbon Emissions and Energy Consumption Analysis Based on an Expanded Solow Model
The traditional total factor productivity ignores the constrained problem of increasing carbon emissions as the undesired output. This paper estimates the green total factor productivity of China including the energy consumption and carbon emissions from 1978 to 2008, and develops an extended Solow model to find the contributing role and size of energy usage, carbon dioxide emissions and technological progress to economic growth. The results show that China's economic growth is driven by high energy consumption and investment, and pay a high price for abundant carbon emissions; the technological progress efficiency little contributes to the overall positive effect of economic growth; the negative impact of carbon dioxide emission is more significant as a proxy for the environmental costs of economic growth.
Dong Ye
156453721
Reflection on the Steady State Zero Growth Rate of Solow Economic Growth Model
The zero growth rate of steady state economy in Solow economic growth model conforms to the law of object motion revealed by the inertia law in physics;it is the inertia motion in the economic shape.To explain the zero growth rate of steady state economy with the inertia law and inertia property of objects,this paper draws the conclusion that the zero growth rate of steady state economy accords with the low carbon economy,and the smaller the economic entity the faster the development.Analyzed form the long term economic movement,the zero growth rate of steady state economy links two economic growth periods of different growth modes.Therefore,the zero growth rate of steady state economy should be made full use of in order to save resources and protect environment.In China,development strategies should be formulated with priority to develop small economic entities in the central and western regions.During the period of zero growth rate of steady state economy,close attention should be paid to the changes of economic growth mode and solutions to social and economic contradictions.
Luo Wen-ying