新疆全要素生产率估算及其经济增长源泉分析

Abstract

Abstract: Research on the source of economic growth is one of the key issues in the study of macroeconomics and regional sustainable development. Total factor productivity(TFP)is the output growth due to technical progress,efficiency improvement and other factors,while remove the capital and labor inputs,which is the residual error after excluding the contribution of factor inputs. Total factor productivity(TFP)is an important tool to analyze the source of economic growth,and the analysis result is an important basis for government to formulate long-term economic growth policies. Meanwhile,total factor productivity is an important index to measure the quality of economic growth of a country or a region,and it is also one of the important goals of economic growth. With China's economy entered a new normal period,it will become an important issue for Xinjiang about how to achieve sustainable development. Based on the annual data of Xinjiang during1990-2015,this paper used Solow residual method to calculate the total factor productivity(TFP)of Xinjiang. Moreover,in order to explore the source of the sustainable development of Xinjiang,econometric analysis was applied to identify the role of each influence factor,such as technological progress and institutional change quantitatively. The results show as follows:(1)The momentum of economic growth is still derived from the capital and resource input in Xinjiang,and it is a typical economic growth model driven by factor input.(2)The total factor productivity of Xinjiang has a strong accumulation and path dependence. Technology transfer and transformation are the main reasons for the change of total factor productivity,while the impact of institutional improvement and the development of independent research on the total factor productivity of Xinjiang is not obvious.(3)The institutional development of Xinjiang is not complete,there are many factors that hinder the optimal allocation of production factors.(4)The R&D funding of Xinjiang is still low,the scale effect has not yet formed,thus it fails to effectively promote the improvement of total factor productivity(TFP). Finally,based on the conclusions of this paper,we draw some useful implications for the structural reform on the economic supply side of Xinjiang.

Key words: TFP, economic growth, technological progress, institutional change, Xinjiang

CLC Number:

F127

WANG Xing-min, WANG Qiang, DONG Jie-fang. Estimation of total factor productivity and the analysis of the source of economic growth in Xinjiang[J]., 2017, 40(4): 888-896.

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Estimation of total factor productivity and the analysis of the source of economic growth in Xinjiang

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