Research On Determination Of Factor Contribution To Economic Growth In Hunan Province

In order to better understand the sources of economic growth in Hunan Province, and promote it to embark on sound and rapid development way. First, Analysis of the status quo of economic development in Hunan Province, Include of overview GDP growth, analysis of the main indicators of economic development in preliminary, and build a SWOT matrix to discuss Economic development, and comprehensive analysis of economic development environment for Hunan Province, we should use advantage and to make up for weaknesses in economic development, seize opportunities and meet challenges in economic development; Secondly, establishment of economic growth model based on Cobb-Douglas production function and derivation of the Solow growth equation, then effectively handle date and application eviews6software measured contribution rate of economic growth factors in Hunan, Determination of test result and the contribution rate is:Physical capital investment is the primary source of GDP growth; Labor input are important factors driving GDP growth; Human capital is a secondary factor in GDP growth; the technical elements did not take advantage of GDP growth; Institutional factors impact on GDP growth is not significant. According to the elements contribution rate trends, draw the various elements of economic growth development trend of Hunan. And correlation to analysis the rate of the economic growth factor, Obtain correlation is: Investment in Human capital and labor inputs can promote mutual; Technological plays an important role on physical capital investment; Human capital levels rise so reduce labor inputs. Finally, Propose relevant policies to promote economic growth, Targeted measures are proposed from labor, capital, human capital, technology and the system.