Research on the Relation of Transportation Infrastructure Investment and Economic Growth Based on Production Function Model

2012 ◽  
Author(s):  
Xie Zheng
Keyword(s):  
Economic Growth ◽  
Production Function ◽  
Transportation Infrastructure ◽  
Infrastructure Investment ◽  
Function Model

scholarly journals A Generalized Constant Elasticity of Substitution Production Function Model and Its Application

2016 ◽  
Vol 4 (3) ◽  
pp. 269-279
Author(s):  
Maolin Cheng
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
Production Function ◽  
High Speed ◽  
Elasticity Of Substitution ◽  
Function Model ◽  
Constant Elasticity ◽  
Constant Elasticity Of Substitution ◽  
Production Factors ◽  
Economic Growth Factors

AbstractThe constant elasticity of substitution production function describes the relationship between production results and production factors in the technological production process. The common production factors include capital and labor. In order to comprehensively reflect the input-output relationship, this paper generalizes the model and adds factors including energy, consumption, and import and export. With respect to estimating the parameters of the model, the paper proposes a high-precision and high-speed nonlinear regression method. The constant elasticity of substitution production function model is mainly used to calculate the contribution rates of economic growth factors, and this paper proposes a scientific and reliable calculating method. The final section of the paper proposes an empirical analysis of the contribution rates of Chinese economic growth factors.

scholarly journals A Grey CES Production Function Model and Its Application in Calculating the Contribution Rate of Economic Growth Factors

Complexity ◽  
2019 ◽  
Vol 2019 ◽  
pp. 1-8 ◽  
Author(s):  
Maolin Cheng
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
Production Function ◽  
Calculation Method ◽  
Function Model ◽  
Constant Elasticity ◽  
Constant Elasticity Of Substitution ◽  
Growth Laws ◽  
Random Fluctuations ◽  
Economic Growth Factors

In analyses of economic growth factors, people generally use the CES (Constant Elasticity of Substitution) production function model to calculate the contribution rates of the factors that influence economic growth. However, the traditional CES function model that is built directly from economic data often shows apparent errors in parameter estimation due to data fluctuations. Such a model also may cause a negative calculation of the contribution rates of economic growth factors, or it may create abnormal fluctuations for some periods, and thus it fails to meet economic growth laws. In this paper, we propose a grey CES production function that can eliminate the random fluctuations of data and make the estimated parameters more reasonable, and this model can reflect the relationship between inputs and outputs more accurately. With regard to model application, the paper puts forward a scientific calculation method to avoid the calculation deviations caused by the substitution of difference equation for a differential equation with Solow’s formula. With the grey two-level nested CES production function model and the calculation method proposed, the paper makes an empirical analysis of the contribution rates of factors that influence China’s economic growth.

Parameter Estimation of a Mixed Production Function Model Based on Improved Firefly Algorithm and Model Application

2018 ◽  
Vol 6 (4) ◽  
pp. 336-348
Author(s):  
Maolin Cheng ◽  
Yun Han
Keyword(s):  
Economic Growth ◽  
Parameter Estimation ◽  
Production Function ◽  
Firefly Algorithm ◽  
Elasticity Of Substitution ◽  
Function Model ◽  
Constant Elasticity ◽  
Factors Affecting ◽  
Constant Elasticity Of Substitution ◽  
Improved Firefly Algorithm

Abstract In the analysis on economic growth factors, researchers usually use the production function model to calculate and measure influencing factors’ contribution rates to economic growth. Common production functions include the CD (Cobb-Douglas) production function, the CES (Constant Elasticity of Substitution) production function, the VES (Variable Elasticity of Substitution) production function, and so on. In consideration of the diversity and complementarity of models, the paper combines the CD production function with the CES production function and then proposes a mixed production function. With regard to the parameter estimation of model, the paper gives an improved firefly algorithm with the high precision and a fast rate of convergence. With regard to the calculation of factors’ contribution rates, traditional methods generally have big errors and are not applicable to complicated models, so the paper offers a new method which can calculate contribution rates scientifically. Finally, the paper calculates the contribution rates of factors affecting Chinese economic growth and gets a good result.

A Modified CES Production Function Model and Its Application in Calculating the Contribution Rate of Energy and Other Influencing Factors to Economic Growth

2019 ◽  
Vol 7 (2) ◽  
pp. 161-172 ◽  
Author(s):  
Maolin Cheng ◽  
Guojun Shi ◽  
Yun Han
Keyword(s):  
Economic Growth ◽  
Production Function ◽  
Influencing Factors ◽  
Elasticity Of Substitution ◽  
Contribution Rate ◽  
Function Model ◽  
Constant Elasticity ◽  
Modified Model ◽  
Constant Elasticity Of Substitution ◽  
Economic Growth Factors

Abstract In the analysis of economic growth factors, the constant elasticity of substitution (CES) production function model is used to calculate the contribution rates of influencing factors to economic growth. However, the traditional CES production function model fails to consider the staged characteristics of economic growth. Therefore, this study provides a modified model of the CES production function. With regard to its application, a new method for calculating the contribution rates of energy and other influencing factors to economic growth is proposed using a modified CES production function model. This work concludes by calculating the contribution rates of Chinese energy and other influencing factors to economic growth.

Application of a New Superposition CES Production Function Model

2017 ◽  
Vol 5 (5) ◽  
pp. 462-472
Author(s):  
Maolin Cheng ◽  
Yun Han
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
Production Function ◽  
Influencing Factor ◽  
Research Field ◽  
Contribution Rate ◽  
Function Model ◽  
Modified Particle Swarm Optimization ◽  
Fast Convergence Rate ◽  
Economic Growth Factors

Abstract In the analysis on economic growth factors, calculating the contribution rate of influencing factor to economic growth using the CES production function model is a common and important research field. The CES production function model has a variety of forms, and the superposition CES production function model proposed in the paper is a new model. With regard to the model’s parameter estimation, the paper proposes a modified particle swarm optimization which has a fast convergence rate and a high precision. With regard to the calculation of factor contribution rate, the paper offers a new scientific calculation method with the superposition CES production function model. At last, the paper makes an empirical analysis on the contribution rate of Chinese economic growth factors and the result obtained consists with the reality.

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