A Study On The Factors Of Economic Growth In Guangdong

This paper tbcuses on some important factors Which influence Guangdong'seconomic groed during the trapsition from a tr8dihonal planned economy tO amarket economy From investigaing the period of economic development from 1980to l998, the author holds that Physical capital formation and labor inPu haVe playedimPOrtam roles in GuangdOng's economic take -- off and tha it should flO beneglected that accumulations ofhaman caPital, tw(foreign hade and domestjc trade )and institotional change are decisive factors to lasting growth of Guangdong.Borrowing ideals from various theories of growth and the theory of economctrics, thepaper tries to measure the contribulion quotas of above -- mefltioned factors toGuangdong's average growth rflte during the period form l980 tO 1998,and toexpound how they have affected and will affect the growth. At further step the PaPermakes some suggestions on making policies.