The Characteristics Study of Element Marketization to Chinese Technology Progress
Journal of World Economic Research
Volume 5, Issue 5, October 2016, Pages: 83-90
Received: Dec. 9, 2016; Published: Dec. 12, 2016
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Author
Institute of Datong Securities Asset Management, Yongbao Ji, Department of Asset Management, Datong Securities, Shanghai, China
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Abstract
The paper studys the mathematical model between element marketization and technology progress though Chinese provinces data. Empirical test showed that capital and labor element marketization promote Chinese technology progress significantly. Finally, threshold model showed the existence of threshold range that capital and labor element marketization promoting TFP (total factor productivity) growth. When the two crossed a certain threshold, effects of element marketization on Chinese technology progress had shown. Based on this, the article shows that achieving economic growth from the consumption of material resources to relying on technological progress needs to promote the elements market-oriented reforms.
Keywords
Element Marketization, International Technology Spillovers, Technology Innovation, TFP
To cite this article
Institute of Datong Securities Asset Management, Yongbao Ji, The Characteristics Study of Element Marketization to Chinese Technology Progress, Journal of World Economic Research. Vol. 5, No. 5, 2016, pp. 83-90. doi: 10.11648/j.jwer.20160505.16
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