Transformation Of Economic Growth Pattern In Guangdong

Guangdong economy has made great progress since the Open and Reform Policy was implemenied.However,at the same time, it causes great attentions that urgent actions need to be taken in order to transform the economic growth pattern for sustainable consideration.This paper firstly analyzes the situations of the economic growth pattern and tranformation of Guangdong in detail,and then attempts to find out the effects,driving forces and reasons.In the field of researching on economic growth pattern at home and abroad,two main methods are referred to.One focus on finding out sources of economic growth by factorizing TFP factors on base of economy theories.The other one aims to evaluate the effects by establishing integrated evaluation index system. After making reasonable improvements of neoclassic economic growth theory,this article firstly ensures contributions that fixed capital stock, human capital storage and TFP are made to the economic growth,and secondly analyzes how related factors including average length of education,technology capital stock,reformation,industrial structure change and so on affect TFP.The finding indicates there is obvious characteristics that economic development of Guangdong is driven by factors.Both fixed capital stock and human capital accumulation make great contributions to the economy:fixed capital contributes at a rate of around 60%,and so does human capital accumulation which early relys on amount of labours increasing and later relys on average educational level rising.TFP plays a less important part because of a lower rate which is growing gradually,especially after 1998 it reaches to over 30%.The growing rate of TFP accounts for Guangdong economic growth is becoming concentratedly year by year,in another word, economic growth pattern of Guangdong is transforming.The growing rate of TFP is mainly driven by technology capital stock and human resource storage,and is also driven by other factors including industrial structure changing,reformation ,foreign investment and trade.Furthermore,this paper researches driving forces of transformation by establishing a game model considering actors of government and enterprise.At last,it points out that because of high innovation cost for enterprise and indexs used in performance appraise for government,both of them are less motivated. An the ending,specific suggestions are given for further economy development of Guangdong.