Research On The Impact Of Factor Biased Technological Progress On China's Economic Fluctuation

According to the Report of the Eighteenth National Congress of the Communist Party of China,taking economic construction as the center is the key to prosper the country and the development is still the key to solve all problems in our country,Developing is an unyielding principle,the stable,sustained and healthy development is the top priority.In this paper,the panel data of China's 30 provinces,municipalities and autonomous regions in 1993-2013 was investigated to explore the influence of technological progress's direction to our country's economy,which is very important to seek the effective ways to ease economic fluctuation and maintain stable economic growth.Article in the related literature at home and abroad were reviewed on the basis of summary and induction.First of all,article tries to analyze the internal mechanism and the result of the analysis is that under the effect of "price effect",Technological progress will increase the degree of capital during the depression and during the boom the labor's degree will be higher,which is beneficial to expanding investment demand and consumption demand in the economic depression to achieve economic recovery,and inhibiting excessive growth of social demand to prevent overheating in the boom.Then,the article firstly take use of Stochastic frontier production function model to analysis 30 provinces,municipalities and autonomous regions in China during 1993-2013 of technical progress factor to measure and calculate results show that China's technological progress for the capital to type,to capital level is higher than the inland and coastal areas;From the point of change trend,coastal areas to rise after the first reduction in capital,inland by contrast.On this basis,the article established econometric model,technical progress factor to the influence of the economic fluctuation by regression analysis to our country.Empirical analysis found that,in the sample range,technical progress towards the degree of capital volatility with our country economy exists a negative relationship stability,shows that technological progress towards the degree of capital volatility can play the role of pressed cycle economy in our country;Technological progress in discussion points region,coastal regions to the degree of capital fluctuations significantly slow the economy,the impact in the hinterland has certain hysteresis.In comparison,the technology progress level,measured by the total factor productivity of our country the influence of economic fluctuation is lower than technical progress factor to affect China's economic fluctuation.Finally,by combining theoretical and empirical analysis,the following policies were recommended:Firstly,furthering the reform of the factor market;Secondly,encouraging enterprises to carry out independent innovation of factor biased technology;lastly,building the database of factor biased technological progress.