Font Size: a A A

Research Of The Pattern Of Economic Growth Based On Total Factor Productivity

Posted on:2017-04-11Degree:MasterType:Thesis
Country:ChinaCandidate:L T JiaoFull Text:PDF
GTID:2359330512474743Subject:National Economics
Abstract/Summary:PDF Full Text Request
At present,China's economic development faces a variety of resource constraints,such as natural resources,labor resources,capital resources and technical resources,etc..China's pattern of economic growth is still extensive composition too much and lack of intensive composition,resulting in China's industrial structure cannot form tthe service industry as the leading industry of the economic structure as soon as possible,which has fundamentally restricted the upgrading and transformation of China's industrial structure.To make China get rid of the dilemma as soon as possible,ideas of a macro perspective to study macro issues,to the intermediate perspective to study the meso,with microscopic view to study the microcosmic problems,which is less coordinated to running mechanism of modern economy.three issues often are intertwined together in Running mechanism of modern economy,and each have may trigger a global problem in the market mechanism of fast running process.in this context,the author tries to explore Hebei Province's total factor productivity having effect on local pattern of economic growth transformation from view of national economics.This paper is to study the transformation of the pattern of Hebei province's economic growth based on the perspective of total factor productivity.That is to explore the issue of economic growth in the meso region from a relatively macro perspective,which makes this paper both macro and meso research significance.From significance of the economics theory,this paper studys the specific issues of the pattern of Hebei Province's economic growth,which further verify that TFP could play a key role in regional economic transformation,the research results of this paper first summarizes something what is more suitable for study of the question of China that is related to economic growth theory and the theory of total factor productivity,followed by through theoretical research and modelling,which analyzes existence problem of the of pattern of Hebei Province's Economic Growth,finally,I puts forward my own views and thinking aiming at these problems.this paper mainly applys the methods of literature research,qualitative analysis and quantitative analysis,comparative analysis and empirical analysis and normative analysis,using Solow residual method to estimate the 1991 to 2014 total factor productivity numerical of Cities on the Prefecture Level in Hebei Province,and comes to value of the TFP growth rate and contribution rate,then makes a comprehensive economic analysis,the research conclusions show that extensive feature of the pattern of Hebei Province economic growth is more serious,and comprehensive technological progress situation is not optimistic.As can be seen from the literature review,the scholars' research in total factor productivity and the pattern of economic growth:its scope is more wide,such as the national level,regional level(East,middle and west regions),provincial level and city and so on.the angle is more diversified,such as estimation of the total factor productivity,estimation of total factor productivity growth rate and the contribution rate of total factor productivity growth rate in economic growth.There is a large amount of literature in view of the comprehensive research,such as the total factor productivity,the total factor productivity growth rate,the contribution rate of total factor productivity growth rate in economic growth,the two or three angles of which analyze the transformation of the pattern of economic growth.For the third to be estimated,the first two must be estimated.But at the comprehensive research level,the integration is relatively small,especially in the comprehensive research of Cities on the Prefecture Level and provincial level,and integrating the two levels of analysis is very necessary to study on the pattern of China provincial economic growth,Because most of China's provincial economies are equivalent to a moderate degree of economy,and the extent of the provincial economic development is different.However,applying the production function method to the total factor productivity,will inevitably face the conflict between stringent assumptions and the complex reality of the economic environment,the conflict will obviously affect the accuracy of the results.At the same time,applying the theory of total factor productivity(TFP)to study transformation problem of the pattern of the economic growth often faced with the inherent contradiction:Quantitative indicators to analyze qualitative issues usually exist in the presence of measurement errors and a part of the factors can not be measured,For example,the capital elements which contain the technical progress factor is not decomposed,so the final result of the empirical analysis to underestimate the role of comprehensive technical progress in the economic development of Hebei province.Also,due to the particularity of Chinese economic system,regional development of major economic power is used by the county government,for example,the county government often is the local investment principal part and the main operation of the land use right.Therefore,the study of regional issues should be deep into the county level,However,due to the large number of counties in Hebei province,Involving huge data,apparently not a master's thesis can grasp,which affects the accuracy of this study in a certain extent,in order to reduce this effect.In this paper,the trend analysis method is used to ensure the correctness of the research conclusion.
Keywords/Search Tags:Pattern of economic growth, Total factor productivity, Solow residual method, Comprehensive technological progress
PDF Full Text Request
Related items