This paper estimates the respective contributions of physical capital,labor,human capital and technical progress to the economic growth in the eastern China by the meta production function approach.Of the four sources...This paper estimates the respective contributions of physical capital,labor,human capital and technical progress to the economic growth in the eastern China by the meta production function approach.Of the four sources of growth,physical capital is the most important after the introduction of the reform and open door policies,followed by technical progress and human capital while labor is the least important.This study clearly indicates that human capital has a large,positive and statistically significant effect on output.展开更多
文摘This paper estimates the respective contributions of physical capital,labor,human capital and technical progress to the economic growth in the eastern China by the meta production function approach.Of the four sources of growth,physical capital is the most important after the introduction of the reform and open door policies,followed by technical progress and human capital while labor is the least important.This study clearly indicates that human capital has a large,positive and statistically significant effect on output.