The Research Production Function Based On The Labor Theory

Define the range of production and labor is important for solve existing problems. Study the nature of the relationship between productive labor and creation of wealth value has important theoretical significance. We should account into the leading role of the person when establish the production function. It has important practical significance for researching economic environment of socialism with Chinese characteristics.I have awareness to the traditional theory from two aspects of the productive labor theory and the production function. Then I have comment to this and find problems. There has a problem of the range of production function in traditional productive labor theory. The problem is that the traditional productive labor theory doesn’t consider the within economic activity of the residents and labor services for themselves. The form of production function doesn’t reflect the causal relationship of wealth creation accurately. We consider the lag of new productivity has impact on value inadequately. It hasn’t description the range of production function and causality of create wealth completely about choosing variables of production function. It handles capital personatly.I analysis the cause of these problems and have new understanding reasonably. From two aspects in range of productive labor and causality of create wealth, I think all labor with increasing social wealth as productive labor. The relationship of causality of create wealth that person as the main acting on object. We should choose variables of the production function basis the productive labor and create wealth theory. The production function should reflect the leading role of person. It should reflect the nature of productive labor and causality of create wealth.We should carry out an empirical analysis for production function. The productive labor which create wealth for the value include the original productive labor and new productive labor. There are two ways to select the explanatory variables. On one hand, it can react the original productive labor ability. On the other hand, it can embody the new productive labor ability. From the three aspects of the development of the tertiary industry, the speed of money circulation and control of capital to reflect the increase in productivity. I analysis the new productivity from three aspects of developing of tertiary industry, the speed of money circulation and control the capital. Then, I make principal component to three vectors that the sequence of first-order differential of the ratio of monetary and quasi monetary and gross domestic product, the sequence of first-order differential of the ratio of the added value of the tertiary industry and gross domestic product, the sequence of first-order differential of the ratio of capital per. At last, I can make comprehensive index of the new productivity. The assumption of the model is that the scale of laborers can reflect the original productivity. Select the economic activity population as another explanatory variable. Gross domestic product does not include transfer value. Therefore, select the gross domestic product (gross domestic product) to reflect the added value, as the explanatory variables of production function. Create autoregressive distributed lag nonlinear time series model and conclude that there is stable long-run equilibrium between added value, the original productivity and the new productivity. In the short term, the two lag fluctuations of the new productivity significantly influnce the the current fluctuations of added value. The previous period error significantly impact the current fluctuations of the added value.I analysis the empirical result from two aspects of the cause of selecting production quotas and empirical result. Then, I make appropriate recommendations from two aspects of improving the existing production capacity and new production capacity. They include that improving the scientific training system, strengthen the scientific knowledge of the mechanisms of learning and building a more open platform for workers in the aspect of improving the existing production capacity. I think our country should continue to increase investment in science and technology that include technology and scientific knowledge in the aspect of new production capacity.