The Analysis of Economy Growth Factors in Guangxi based on Douglas Production Function
Based on the Cobb-Douglas production function (Douglas),a economic development of Guangxi province from 1995 to 2012 model is established.R software was used to obtain the elastic coefficients of capital and labor.The coefficients are 0.81 and 0.19.Then use Solow growth rate equation to work out the rate of contribution of capital input,labor inputs and technical progress to economic growth of Guangxi.They are 141.8％,1.5％,-43.3％.The three factors helped fuel economic growth in excess of 15.8 percent,0.2 percent -4.8 percent respectively.It shows that capital input is a determining factor of the economic growth of Guangxi in the last decade and more.Labor inputs and technical progress make limited contribution to economic growth.Guangxi is still in very crude mode of economic development.
Guangxieconomic growthcontribution rate of technical progresslabor contribution ratescapital contribution rate
NETL
NSTL
万方数据
维普
