Research on the Three Industrial Structure and Economic Growth Empirical Based on the Cobb - Douglas Production Function

Qun Wei Wang; Gang Qiang Cha; Ji Chao Jia

doi:10.4028/www.scientific.net/AMR.869-870.706

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 869-870Research on the Three Industrial Structure and...

Research on the Three Industrial Structure and Economic Growth Empirical Based on the Cobb - Douglas Production Function

Abstract:

In this paper, the deformation of Cobb-Douglas production function was used to separate the Variable term, which the proportion of each industry affect economic growth, and further introduction of three industrial structure variables. The relationship between three industrial structures for 2001-2012 in Shaanxi and economic growth was analysis by the least squares estimation, the influence ratios, which industrial output value of share of GDP changes on effects of changes in economic growth can be acquired. The results showed that the adjustment of three industrial structure in Shaanxi conducive to economic growth, which meet the development of the three industrial structure in developed countries and consistent with the law in line with economic growth, namely a stable development of primary industry, optimizing the development of secondary industry, vigorous development of the tertiary industry.

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Periodical:

Advanced Materials Research (Volumes 869-870)

Pages:

706-709

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.869-870.706

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Online since:

December 2013

Authors:

Qun Wei Wang, Gang Qiang Cha, Ji Chao Jia

Keywords:

Cobb-Douglas Production Function, Structure Adjustment, Three Industrial

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