Setting of Production Function in Theories of Economic Growth and Its Application in China
LI Xue-lin1,2, LI Jing3
1.Institute of Economics, China Academy of Social Sciences, Beijing 100836, China; 2.School of International Business, Tianjin Foreign Studies University, Tianjin 300270, China; North China Institute of Science and Technology, Beijing 101601, China
Abstract The paper studies the difference of production function in the economic growth theories,which indicates that setting of production function is the key to study economic growth. A model based on extended Leontief production function can better explain the tipical facts in China's economic growth.
2012, Vol. 1 
|
