Estimating the Contribution of Technical Change in Beijing

International Journal of Economics and Management Studies

© 2015 by SSRG - IJEMS Journal

Volume 2 Issue 3

Year of Publication : 2015

Authors : Wu Haijian, Li Zhi

10.14445/23939125/IJEMS-V2I2P102

How to Cite?

Wu Haijian, Li Zhi, "Estimating the Contribution of Technical Change in Beijing," SSRG International Journal of Economics and Management Studies, vol. 2,  no. 3, pp. 1-5, 2015. Crossref, https://doi.org/10.14445/23939125/IJEMS-V2I2P102

Abstract:

This paper estimates the contribution of technical change in Beijing with Cobb-Douglas function. The results show that the average contribution of technical change in Beijing is 29.03%. At the same time, capital contribution to economic growth is always in the leading position. In recent years, labor contribution to economic growth increases, capital contribution decreases, and the transformation of economic structure has been emerging

Keywords:

Capital input, Contribution of technological progress, Labor input, TFP

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