Research on the Allocation of Factors and the Policy of Industrial Upgrading under the New Normality

Research on the Allocation of Factors and the Policy of Industrial Upgrading under the New Normality


Leader Liu Weijiang

Team Jilin University Quantitative Economic Research Center

Published Date 2016,8

Keywords New normal;factor configuration;industrial upgrading;stable economic growth

Abstract

A Practical Study on the Effect of Factor Allocation and Industrial Upgrading on Stable Economic Growth or Total Factor Productivity in New Normal. The effects of factor allocation on the growth of total factor productivity were analyzed by using BHC, GR, FHK and DOPD decomposition models. The proportion of the first, second and third industries in the three industries was measured, The paper analyzes the relationship between the added value of the industry and the total economic output and the total factor productivity. The empirical study on the relationship between the industrial added value and the total factor productivity is analyzed, and the effect of the industrial structure adjustment on the economic growth is analyzed. Service industry, manufacturing industry and agriculture, and analyzes the relationship between the growth of industrial value chain and the total factor productivity.


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