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


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

March 27, 2022
June 22, 2022
September 20, 2022
factor-output elasticity, production function model, spatial panel varying coefficient model, dynamic evolution

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.
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Last updated on Sep. 22, 2022