Capital efficiency and economic growth

Author: Wang Hongwei
Publisher:
Publish Date: 2004-11-01
Features: The theoretical research of this book is based on the relationship between capital efficiency and economic growth discussed in the theories of capital and economic growth in Marxist economics and Western economics. It attempts to systematically analyze and establish the relationship between capital efficiency and economic growth on the basis of previous scattered research. The exchange theory from the core economic theory is introduced into the optimal allocation of capital to explore the conditions for the optimal allocation of capital. In empirical research, the method of cross-classification estimation of capital stock adopted by Li Jingwen and others is used to measure the capital of 29 industries in China. On this basis, an empirical study is conducted on the accumulation efficiency of capital, the output efficiency of capital, and the allocation efficiency of capital. Drawing on the analysis method of total resource allocation effect, the Gini coefficient method, and the basic ideas of Harvey Leibenstein's X-efficiency and "relative efficiency" to study the allocation effect of capital and its contribution to economic growth. From the perspective of domestic capital flow, it explores the flow of capital between developed and underdeveloped regions and the impact of capital allocation on economic growth and its differences. The overall analysis of this book is based on systematic logical analysis, divided into five chapters.