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- W2380452932 abstract "This article firstly analyzes the relationship between consumption and capital density based on CES production function. The study has shown that capital deepening(shallowing)impact on consumption rate depends on elasticity of factor substitution.Secondly,based on the research of the Chinese factor substitution elasticity(greater than 1),we observe the inhibitory effect of capital deepening to consumption.More rigorous econometric analysis also shows that there is a negative relationship between consumption rate and density of capital growth,and this relationship is quite robust.Thirdly,based on the analysis of the deep-seated reasons for capital deepening,we know that besides the regular change of industrial structure,factor price distortions having various economic sectors prefer capital-intensive technology is a significant factor of capital deepening and consumption reduction in our country.Finally,this paper presents policy suggestions of correction factor price distortions and accelerate industrial structure adjustment." @default.
- W2380452932 created "2016-06-24" @default.
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- W2380452932 date "2015-01-01" @default.
- W2380452932 modified "2023-09-23" @default.
- W2380452932 title "The Relationship between Capital Deepening and Consumption Rate in China" @default.
- W2380452932 hasPublicationYear "2015" @default.
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