A time-varying elasticity production function model with urbanization endogenous growth: Evidence of China

Bing Xu, Junzo Watada

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    1 Citation (Scopus)

    Abstract

    This study provides a time-varying elasticity production function model with urbanization endogenous growth. Investigating how urbanization affects economic growth in China over 1978-2005, the study finds out some innovative results. First, the output elasticity of capital is higher than the one of labor during the whole period; unexpectedly, the curve of scale effect shows a highly similar trend with the varying trend of output elasticity of labor, not capital. Second, the growing trend of total factor productivity shows the efficiency of the small cities during the early stage of urbanization process, and it is also proved by the contribution analysis. Finally, it is careful to point out that the development of medium-sized and big cities contributes to the steady and sustainable economic development, that is, plays a role to enhance the contribution of TFP. Consequently, the shift of urbanization road from small cities to medium-sized and big cities is in time and valid.

    Original languageEnglish
    Title of host publicationSecond International Conference on Innovative Computing, Information and Control, ICICIC 2007
    DOIs
    Publication statusPublished - 2008
    Event2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007 - Kumamoto
    Duration: 2007 Sep 52007 Sep 7

    Other

    Other2nd International Conference on Innovative Computing, Information and Control, ICICIC 2007
    CityKumamoto
    Period07/9/507/9/7

    ASJC Scopus subject areas

    • Computer Science(all)
    • Mechanical Engineering

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  • Cite this

    Xu, B., & Watada, J. (2008). A time-varying elasticity production function model with urbanization endogenous growth: Evidence of China. In Second International Conference on Innovative Computing, Information and Control, ICICIC 2007 [4428017] https://doi.org/10.1109/ICICIC.2007.103