Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

Analysis on the Contribution of Zhejiang Economic Growth Factors Based on Solow Residual Method

Authors
Zhijian Lu1, *, Yiwen Shen2
1Xingzhi College, Zhejiang Normal University, Jinhua, Zhejiang, China
2Economy and Management School, Zhejiang Normal University, Jinhua, Zhejiang, China
*Corresponding author. Email: eywens@139.com
Corresponding Author
Zhijian Lu
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_171How to use a DOI?
Keywords
Solow Residual Method; Economic Growth; Total Factor Productivity (TFP); Contribution Rate; Zhejiang Province
Abstract

Based on Cobb Douglas production function, this paper uses Solow residual method and SPSS software to calculate the economic growth index of Zhejiang Province from 2003 to 2019. The results show that from 2003 to 2019, the average contribution rate of labor input to economic growth of Zhejiang Province is 70.82%, the contribution rate of capital input to economic growth is 33.00%, and the contribution rate of total factor productivity growth to economic growth is - 3.82%. It shows that the economic growth of Zhejiang Province is still a typical factor input driven economic growth mode.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
978-94-6463-030-5
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_171How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Zhijian Lu
AU  - Yiwen Shen
PY  - 2022
DA  - 2022/12/20
TI  - Analysis on the Contribution of Zhejiang Economic Growth Factors Based on Solow Residual Method
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 1679
EP  - 1687
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_171
DO  - 10.2991/978-94-6463-030-5_171
ID  - Lu2022
ER  -