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

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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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  -