Total Factor Productivity Analysis Based on Revaluation of Provincial Capital Stock
YU Bin-li · Beijing Youdian Xueyuan xuebao · 2014
China's provincial capital stock from the year of 1978 to 2010 is calculated by using the perpetual inventory method. On this basis,the CD-type production function and the data envelopment analysis-Malmquist index are used to estimate the total factor productivity index of inter-provincial level from the year of 1979 to 2010,and the index is divided into two parts: technical efficiency and technological progress index. The results show that the practice decision-making ofthe transformation of economic development modehas its theoretical foundation,and how to speed up the exploration of intensive development path will affect the sustained and healthy development of economy.