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Calculation Model of Regional Economic Growth Efficiency by Intelligently Optimized Interunit Layout
Xiufeng Song1, Jingying Ke2, Huayan Shen3
1School of Economics and Management, Nanchang Normal College of Applied Technology, Nanchang 330000, Jiangxi, China.
Computational Intelligence and Neuroscience
|September 2, 2022
Summary
China
Area of Science:
- Economics
- Regional Development
- Economic Growth
Background:
- China's economic development post-reform and opening up relies on high-input, low-efficiency models.
- Regional economic development effectiveness is a persistent global economic debate.
- Previous countermeasures have not reversed the high growth, low efficiency paradigm.
Purpose of the Study:
- To analyze the dual components of economic development: factor quantity impact and efficiency.
- To assess the annual average efficiency of economic growth and factor contributions.
- To investigate the economic growth efficiency related to capital industry allocation.
Main Methods:
- Decomposition of economic development into factor quantity and efficiency impacts.
- Calculation of annual average economic growth efficiency.
- Analysis of factor contributions to economic growth over five years.
Main Results:
- The study quantifies the contribution of production factors to economic growth.
- Identified specific average annual contributions for various production factors.
- Reported economic growth efficiency figures for capital industry allocation changes.
Conclusions:
- Economic development in China continues to face challenges of high input and low efficiency.
- Understanding the efficiency of factor allocation is crucial for sustainable growth.
- Further research is needed to effectively reverse the low-efficiency growth pattern.
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