PDF(128 KB)
Application of a New Superposition CES Production Function Model
Maolin CHENG, Yun HAN
Journal of Systems Science and Information ›› 2017, Vol. 5 ›› Issue (5) : 462-472.
PDF(128 KB)
PDF(128 KB)
Application of a New Superposition CES Production Function Model
In the analysis on economic growth factors, calculating the contribution rate of influencing factor to economic growth using the CES production function model is a common and important research field. The CES production function model has a variety of forms, and the superposition CES production function model proposed in the paper is a new model. With regard to the model's parameter estimation, the paper proposes a modified particle swarm optimization which has a fast convergence rate and a high precision. With regard to the calculation of factor contribution rate, the paper offers a new scientific calculation method with the superposition CES production function model. At last, the paper makes an empirical analysis on the contribution rate of Chinese economic growth factors and the result obtained consists with the reality.
production function / economic growth / particle swarm optimization / contribution rate of factor {{custom_keyword}} /
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Supported by the National Natural Science Foundation of China (11401418), the National Statistical Research Program (2013LY133), Scientific Research Foundation of Suzhou University of Science and Technology (XKZ201309)
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