The relationship between factor inputs and economic growth research based on dual threshold variables panel model
This paper is based on panel data from multiple countries and applies a dual thresh-old variables panel model to analyze the differential effects of material,human,and technological inputs growth on economic growth in different stages of the economic environment.We have found that there are significant dual threshold effects of inflation and economic growth in the impact mechanism of factor inputs on economic growth.When the economy falls into the range of high inflation and low growth rate,measures need to be taken to prevent it from entering a recession phase.During the post-pandemic era,global economic growth rates have generally declined,so controlling excessive inflation has become one of the important measures to stabilize the economy and regulate the markets.Furthermore,the dual threshold effects exhibit hetero-geneity based on the level of national development.Developing countries have relatively high dual thresholds,and economic growth still relies primarily on human capital input.In these countries,the range of high inflation and low growth rate is most unfavorable for their sustained economic development.However,the double thresholds in developed countries is generally lower,and the economic growth model in the double high range poses high risks for developed countries.Therefore,controlling inflation is currently a paramount concern for developed nations.
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