The Influence of Factor Price Distortions on Economic Structure – Based on Time-Varying Elasticity Production Function Model

Autor:	Lang Hu, Jingjue Xu, Shangfeng Zhang, Huiru Ren, Chun Zhu, Qi Fang
Rok vydání:	2020
Předmět:	Human-Computer Interaction Artificial Intelligence Computer science Function model 050204 development studies 0502 economics and business 05 social sciences Factor price Econometrics Computer Vision and Pattern Recognition 050207 economics Elasticity (economics)
Zdroj:	Journal of Advanced Computational Intelligence and Intelligent Informatics. 24:502-508
ISSN:	1883-8014 1343-0130
DOI:	10.20965/jaciii.2020.p0502
Popis:	Based on the time-varying elasticity production function model, we calculate factor price distortions, and study their influence on the rationalization and optimization of industrial structure. We find that the impact coefficient of capital, and labor factor price distortions on the rationalization of industrial structure are −1.2087 and −0.3147 respectively. Additionally, the impact coefficients on the optimization of industrial structure are −0.2333 and −0.0718 respectively. These results demonstrate that capital and labor factor price distortions are significantly negative for the rationalization and optimization of industrial structure. Therefore, it is imperative to reduce factor price distortions, and support industrial structure upgrades to promote supply-side structural reform.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9a4c1b344ea786c61275169a6f38a5e6 https://doi.org/10.20965/jaciii.2020.p0502 Zobrazit plný text záznamu