A novel method for calculating the contribution rates of economic growth factors

Author:

Cheng Maolin1,Liu Bin2

Affiliation:

1. School of Mathematical Sciences, Suzhou University of Science and Technology, Suzhou 215009, China

2. School of Business, Suzhou University of Science and Technology, Suzhou 215009, China

Abstract

<abstract><p>The common production functions include the Leontief production function, the Cobb-Douglas (C-D) production function, the constant elasticity of substitution (CES) production function, the variable elasticity of substitution (VES) production function and so on. With different elasticity of substitution of factor, the production functions have different ranges of applications. In the production functions, the C-D production function is used the most widely because of its simple form, while the CES production function and the VES production function have limitations in applications due to their complicated forms. However, the C-D production function has the elasticity of substitution of factors of 1, and the CES production function has the elasticity of substitution of factors which is not 1 but a constant, so the two production functions both have limitations in applications. The VES production function with the variable elasticity of substitution is more practical in some application cases. This paper studies the applications of the VES production function model and gives a method of calculating the contribution rates of economic growth factors scientifically. As for the parameter estimation of the model, this paper gives an improved Sine Cosine Algorithm (SCA) to enhance the convergence rate and precision. Finally, the paper makes an empirical analysis on the contribution rates of economic growth factors of Shanghai City, China, using the method proposed.</p></abstract>

Publisher

American Institute of Mathematical Sciences (AIMS)

Subject

General Mathematics

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3