Capital Deepening, Capacity Utilization and New Drivers of China's Economic Growth

DOI

10.2991/icmess-18.2018.370How to use a DOI?

Keywords

Time-varying Elasticity; Production Function; Output Elasticity; Capacity Utilization; New Drivers

Abstract

According to the production function method, this paper builds a time-varying elasticity production function and use the state space model to estimate the dynamic output elasticity of the get inputs where the capital output elastic shows a downward trend year by year. What is more, in accordance with the declining capacity utilization and phenomenon of excess production capacity, this paper analyses the reason for the capital output elastic decline year by year, and actively cultivates new economic growth momentum and the new growth point to provide high quality of economic growth.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhili Ren
AU  - Shuoxing Zheng
PY  - 2018/06
DA  - 2018/06
TI  - Capital Deepening, Capacity Utilization and New Drivers of China's Economic Growth
BT  - Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
PB  - Atlantis Press
SP  - 1674
EP  - 1677
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-18.2018.370
DO  - 10.2991/icmess-18.2018.370
ID  - Ren2018/06
ER  -