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JACIII Vol.26 No.5 pp. 792-800
doi: 10.20965/jaciii.2022.p0792
(2022)

Paper:

Estimation and Dynamic Evolution of Provincial Factor-Output Elasticity in China

Zhengzhi Xu*, Xiujie Li**, Chaojie Zhang**, Jiani Zhu**, Shangfeng Zhang**, and Ke Lu***

*Modern Educational Technology Center, Zhejiang University of Water Resources and Electric Power
583 Xuelin Street, Xiasha Education Park, Hangzhou, Zhejiang 310018, China

**College of Statistics and Mathematics, Zhejiang Gongshang University
18 Xuezheng Street, Xiasha Education Park, Hangzhou, Zhejiang 310018, China

***College of Information Engineering, Zhejiang University of Water Resources and Electric Power
583 Xuelin Street, Xiasha Education Park, Hangzhou, Zhejiang 310018, China

Received:
March 27, 2022
Accepted:
June 22, 2022
Published:
September 20, 2022
Keywords:
factor-output elasticity, production function model, spatial panel varying coefficient model, dynamic evolution
Abstract

China is currently in a new phase of transition from high-speed growth to high-quality growth, and accurate estimation of element outputs is essential for the smooth progress of the transition. Using the back-fitting method, this study constructed a model of a spatiotemporal-varying elasticity production function to estimate the factor-output elasticity from 1993 to 2017 in 31 Chinese provinces. Nonparametric kernel density method was applied to describe the spatiotemporal evolution characteristics of factor-output elasticity. The results show that the factor-output elasticity of different provinces shows a nonlinear change trend over time and between regions. Overall, the elasticity of labor output shows a decreasing trend, the elasticity of capital output shows an increasing tendency, the eastern region has the lowest level of labor-output elasticity, but the highest level of capital-output elasticity. The western region has the highest level of labor-output elasticity but the lowest level of capital-output elasticity. On the whole, regions with higher resilience in labor output gradually shift towards the West, while capital shifts towards the East.

Cite this article as:
Z. Xu, X. Li, C. Zhang, J. Zhu, S. Zhang, and K. Lu, “Estimation and Dynamic Evolution of Provincial Factor-Output Elasticity in China,” J. Adv. Comput. Intell. Intell. Inform., Vol.26, No.5, pp. 792-800, 2022.
Data files:
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Last updated on Sep. 22, 2022