Study of Chinese Economic "Growth Drag" Caused by Land Resource in the Perspective of the Modified Two-Level CES Production Function

The purpose of the study is to measure the "growth drag" according to the characteristic of Chinese land resource.Romer model (2001) holds that every country is inevitably affected by the "growth drag" due to the limitation of land resource.So it's of profound strategic significance to measure the "growth drag" according to the character of Chinese land resource.Modified two-level CES production function was employed,and this paper modified the hypothesis of the model.The result indicates that the limitation of Chinese land resource casts shadow over the economic development of China,and the growth rate is 0.4618% lower than that without the limitation of land resource.Through implementing the land resource protection policy along with the technology improvement and the substitute effect of other factors to the land resource,China will keep a steady and balanced economic growth.

CONSTRUCTING EXAMPLES WITH 5 EQUILIBRIA FOR SYMMETRIC 3×2 CES /LES PURE EXCHANGE ECONOMIES

This paper explores the existence of multiple equilibria for symmetric 3 indi- vidual, 2 good CES / LES pure exchange economies. Analytically, we show that there are no more than 5 equilibria in such economies. The number of equilibria varies from 5 to 3 then to 1. We generalize our analytical results of existence of 1, 3, 5 equilibria for a wide range of parametrizations. We also provide concrete examples of 1, 3, 5 equilibria with parameter zones specified.

Exploring multiple equilibria for symmetric 2×2 CES/LES pure exchange economies

This paper explores the existence of 3 equilibria for symmetric 2-individual 2-good CES/LES pure exchange economies. For certain parameterizations in the economies, we show analytically that there are no more than 3 equilibria. We generalize our analytical results of existence of 3 equilibria for a wide range of parameterizations. Then we provide examples of 3 equilibria and parameter zones of 3 equilibria for CES and CES/LES economies.

Calculation and Measurement of China’s Human Capital after Comparing Human Capital with Technological Innovation

Human capital,as a synthesis of wisdom and physical fitness condensed in workers,is sometimes confused with technological innovation by existing literature.This paper makes comparisons between these two terminologies.Technological innovation is a short-term activity that attaches importance to economic benefits while human capital accumulation is a long-term strategic process with lifelong benefits,and human capital is the foundation of technological innovation.In empirical part,this paper adopts Solow Residual Method to calculate stock,elasticity and growth rate of human capital of 10 countries after eliminating physical capital,labor force and technological innovation.It is found that human capital stock in the United States is the largest and human capital growth in China is the fastest.Calculation is followed by measurement.We construct a comprehensive index of human capital by using Index Weight Assignment Method and Two-level&Three-factor CES Function to measure and predict human capital level in China.Both calculating and measuring results show that growth rate of China’s human capital is around 5%.In the future,for high-quality economic development,China should give priority to human capital development and comprehensively improve human capital competitiveness.

Dependence of Consumption Volume on the Labor-Force in One-Productive Models of Economic Dynamics

In the work one-productive model of economic dynamics the labor-force involved in production is investigated the case when or function with constant elasticity of substitution （CES） is studied. is considered. The dependence of the consumption volume on production function coincides with the Cobb-Douglas function