Research On The Impact Of Changes In Element Distribution Structures On Economic Growth

In recent decades,China’s economy has taken off and has become a miracle of economic growth.At the same time,with the continuous changes in the distribution structure of factors,my country’s distribution structure policies are also constantly changing.This change is clearly reflected in the distribution between capital and labor,which can be It is said that my country’s economic growth takes advantage of the high cost performance of labor,enabling China to achieve economic growth under the "Pareto improvement".This mode of economic growth is a socialist development path with Chinese characteristics formulated by our party that is suitable for China’s rapid economic rise.But unbalanced development is bound to change into balanced development along with economic development.As early as 2000,some scholars in my country pointed out that the proportion of labor compensation to GDP in China is much lower than that of developed countries,which needs attention.What is the current situation of my country’s factor distribution structure in recent years,and how to optimize the factor distribution structure to facilitate high-quality economic development is of great significance to the realization of the great rejuvenation of the Chinese nation in the future? As a developing country,the change of the factor distribution structure in my country also has important reference significance for the exploration of income distribution in developing countries,and also has important significance for the structural reform of the global labor market.Through empirical research,the author found that the change in the share of labor income showed a positive "U" trend,and the change in the share of capital showed a reverse "U" trend.It reached the highest value in 2011,and the share of the government did not change much.At the same time,the reasons for the increase in the labor share were speculated based on the factor distribution policy at that time:(1)The revision of the statistical caliber.(2)Changes in the economic situation.(3)Adjustment of corporate income tax policy.The reasons for the decline in the labor share:(1)The emphasis on property income has increased.(2)The crowding out of industrialization.In order to further study the impact of factor distribution structure on the economy,this paper establishes a fixed effect model,and uses instrumental variables and GMM method to correct the panel data to study the impact of labor compensation ratio on economic growth in 31 provinces,municipalities and autonomous regions across the country.In addition,due to the vast territory of my country and the vastly different natural conditions,it is necessary to divide the 31 provinces,municipalities and autonomous regions into four major economic regions for regression respectively,in order to summarize targeted suggestions.Through the regression analysis of the relevant factors of the distribution structure of factors,it is found that the share of labor income in my country is still relatively low relative to the share of capital,which reflects the disparity in the game forces between capital and labor factors.my country’s unique urban-rural dual structure and relational social structure have created a situation of "strong capital and weak labor".For the whole country,we should pay attention to the direction of human capital improvement,change the status quo of focusing on high-level education,and upgrade the quality of the labor force by optimizing the transformation and upgrading of education.Raise the minimum wage to ease the tendency of national income distribution to be skewed towards capital.The situations of the four major economic regions have both similarities and differences,requiring different policies for different situations.The central region should focus on increasing the proportion of labor remuneration,while increasing investment in science and technology;the western region should focus on improving physical capital Stocks,appropriately optimize the economic structure at the expense of fairness in income distribution,and promote economic growth;the Northeast region should continue to increase investment in advanced manufacturing and combine labor upgrading with economic transformation.