The Measurement Of TFP And The Institution Effect On It In China

Since the reform and opening up,China's economy has been in a state o f rapid development,but with the development of further deepening the econo mic but also encountered some problems: the gradual disappearance of the dem ographic dividend,capital utilization decreased,economic growth is slowing do wn.For the current economic situation,China's urgent need to change the mod e of economic development,the core is to put the number of growth to rising development by elements of productivity growth,therefore,the paper that Chi na's future economic growth depends on improving TFP.By total factor produ ctivity increase the transformation of economic growth mode,which largely tra nsformation of economic development,and thus TFP study it is very meaningf ul.Research studies on TFP at home and abroad are very rich.Many domestic scholars TFP were measured and analyzed,but the data used earlier data are relatively few studies of recent years,total factor productivity measure.In this paper,the country's 31 provinces,municipalities and autonomous regions from1995-2014 in 20 years of data were analyzed and summarized,draw conclusio ns and make policy recommendations,hope to accelerate economic growth,pro mote China's economic development mode and provide data to support the the ory reference.The full text of a total of five chapters,the first part is an introduction,mainly introduces the research background and the research results of this pape r,and the ideas and methods of using the full text of a brief narrative analysi s of the innovations and shortcomings of this article.References include the w ay research economic development and economic growth,but also include liter ature TFP and other aspects of institutional change.The second chapter is Total Factor Productivity and Economic Growth.T his chapter first on economic growth and economic development to define the basic concepts do analysis of their meaning and connection,China's economicgrowth and the current way of doing a rough analysis,we believe that the cur rent economic growth mainly relies on stimulating capital investment,economic growth also belong to the extensive growth mode,economic growth can not be sustained,we need to change the mode of economic growth and further tra nsformation of economic development.Based on TFP own connotation,study C hina's economic growth from the perspective of total factor productivity by inc reasing total factor productivity-led growth is sustainable,and to change the m ode of economic development is very favorable.From a certain level terms,C hina's economic development is the way to go to improve the development of TFP.The third chapter of the TFP to do empirical analysis is the core section of this article.This chapter uses econometric methods,particularly the use of the DEA-Malmquist index method.By calculation,showed total factor producti vity of 31 provinces and autonomous regions are low,by increasing the TFP g rowth rate,the economy there is still much room for growth.According to esti mates of the results of this paper were processed analysis,the China's economi c growth mode is still extensive growth of the last 20 years,but there are so me differences in different parts of the eastern provinces of total factor product ivity is relatively high,the country ranked in Shanghai first;the central region of the middle rank,total factor productivity in most provinces are in our mid dle level;most of the western provinces of TFP are ranked,ranking second in the country only in Chongqing.Nationally Overall,China's TFP volatility obvi ous,but after 2010 there is a clear upward trend,which shows that our transf ormation of economic development or made some achievements.The fourth chapter studies the impact of institutional changes on the TFP.To improve total factor productivity,institutional factors is critical.Substitution variables(denationalization rate and degree of market openness)by selecting t he system and control variables(infrastructure,human capital and technological investment)to build an alternative system of equations for institutional change on TFP empirical analysis.The fifth chapter combines the first four chapters of the analysis,the con clusion of the series: China's current economic development is also part of the extensive,and there is a certain gap between the various regions,institutional changes to improve China's TFP has a great role in promoting.The conclusi ons of line with economic laws,in line with the characteristics of the current development of China's economy.In this paper,the conclusion and the actual s ituation of our country put forward a series of policy recommendations,these policy recommendations is mainly aimed at improving TFP and transformation of economic development purposes,including raising the degree of market,exp anding openness,improve the scientific technical level,increase enterprise refor m and increase investment in human capital.