Empirical research on driving factors of regional economic growth based on Solow model(PDF)
《长安大学学报(社科版)》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2020年01期
- Page:
- 50-57
- Research Field:
- 区域经济
- Publishing date:
Info
- Title:
- Empirical research on driving factors of regional economic growth based on Solow model
- Author(s):
- HAN Jianyu; YANG Qiyan
- School of Economics, Anhui University, Hefei 230601, Anhui, China
- Keywords:
- supply-side structural reform; Anhui province; Solow model; supply side of labor; technological innovation driving force
- PACS:
- F061.5
- DOI:
- -
- Abstract:
- Under the background of supplyside reform, the driving factors of regional economic growth have significantly affected the high quality and sustainable development of the regional economy. Based on Solow’s growth mode, the relevant data of Anhui province’s economic development from 2003 to 2017 was used to carry out empirical analysis, and the contribution rates of various factors of capital input, labor input and technological progress to economic growth were estimated. Besides, the model is extended to study the longterm driving forces of Anhui’s economic growth, expounding the current and longterm momentum transformation. According to the empirical results, capital input is still the main driving factor of Anhui’s economic output at this stage. The economic driving effect of labor input is relatively small, and the driving force of technological progress is gradually enhanced. The longterm economic development of Anhui province mainly relies on technological innovation driving force. In view of these results, Anhui province should pay enough attention to scientific and technological innovation, optimize and adjust its industrial structure, integrate technological factors into the supply side of capital and labor, comprehensively deepen the supplyside reform with technology as the main focus, and accelerate the transformation driven by economic growth.
Last Update: 2020-03-26