|
阿拉爾翻譯公司關鍵字：In (22) using kt, kt-1, f (kt) and n, 1952 to 2002 time series data, by regression of s and d can be estimated. We estimate based on existing data, the results shown in Table 3. The data in Table 3 shows, DW close to 2, a = 0.05 level by the test.
The regression analysis results are surprising, on average, China's savings rate of 42.5%. The results from this model M12 and Table 2 estimates about A = 0.287893, according to the
IV ConclusionChina is a country rich in labor, since the founding of the rapid accumulation of capital, making the hidden labor productivity has been released, so no matter how China's economic system, can ensure that China's rapid economic growth. Especially since China's reform and opening up the efficiency of resource allocation has been improved, so that China's economic growth further. However, recent data indicate that currently there are 14 million people to be China's urban employment, there are 150 million rural surplus labor, the labor force in these tremendous productivity, and productivity of this release to be a combination of labor and capital, which means more capital investment. In this sense, the main driver of China's economic growth is capital-driven. Based on the Chinese economy from 1952 to 2002, basic data analysis, found that China's economic growth trend of the data has the following characteristics: constant marginal product of capital, marginal product of labor is close to zero, a large number of surplus labor, the scale of economic change. As a starting point, the establishment of China's economic growth model of the five basic assumptions: Suppose H1: China 1952 to 2002 the production function for non-technical progress; hypothesis H2: China 1952 to 2002, the same marginal product of capital; hypothesis H3: China 1952 to 2002 the marginal product of labor the same (but smaller); hypothesis H4: Chinese production function is constant returns to scale (after entering the 1960s, capital-output ratio unchanged); hypothesis H5: labor unlimited supply. These assumptions derive mathematical China's economic growth is the AK-type economic model. Finally, econometric models and economic data through hypothesis testing. The results fully confirmed that China's economic growth is the main driver of capital-driven, leaving China's sustained rapid economic growth is fundamental to ensure that there is a high savings rate or investment rate.
|