Environmental Science
8 years ago

Technology-driven TFP growth revolutionizes economic development in Hubei province

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Empirical Analysis Which Based on Solow Residual Value Method to Estimate TFP Contribution Rate in Hubei
LI Jia-nib

Paper Summary

The article analyzes how technology impacts economic growth in Hubei province. By using the Cobb-Douglas production function and Solow residual value method, the researchers calculated the contribution of Total Factor Productivity (TFP) to economic growth. The study suggests ways to enhance TFP to improve overall economic performance.

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