Capital Investment Drives Economic Growth in Suqian City, Labor Impact Minimal.
The economy in Suqian City grew mainly due to capital investment, with some contribution from technological progress and minimal impact from labor. The study used the Cobb-Douglas production function model to analyze data from 2000-2005. The findings suggest that focusing on improving industrial structure and promoting technological advancement can further boost economic growth, while also supporting labor-intensive businesses to create more job opportunities.