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- W2373647563 abstract "This paper discusses the relationship between the elasticity of substitution and economic growth in the CES production function,estimating China's industrial industry elasticity of substitution from 1979 to 2011 by the the Kmenta approximation method, and calculating China's industrial technological progress bias from 1979 to 2011 according to Acemoglu's definition. The results show that most sectors of the elasticity of substitution are greater than 0 and less than 1,and most of the industrial sectors' the capital growth rate of technological progress is less than the labor rate of technological progress growth; technological progress is roughly capital biased in the process of economic growth of the industry in China. At the same time,the elasticity of substitution and biased technical progress of the capital have a role in promoting the economic growth of the industry,but capital deepening has an inhibitory effect on the economic growth of the industry from 1987 to 2011." @default.
- W2373647563 created "2016-06-24" @default.
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- W2373647563 date "2014-01-01" @default.
- W2373647563 modified "2023-09-23" @default.
- W2373647563 title "The Elasticity of Substitution and Industrial Economic Growth" @default.
- W2373647563 hasPublicationYear "2014" @default.
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