Capital Deepening, Heterogeneity of Technological Input and Growth of Labor Productivity-An empirical research on panel data of industry in China

摘要

This article uses the provincial panel data of large and medium-sized industrial enterprises in China in1999-2007, exploiting growth regression method, to empirically study the relationship between capital deepening, the heterogeneity of technological input and growth of labor productivity. The results showed that: capital deepening explains 50% of the growth in labor productivity; R&D not only directly raise labor productivity, but also through interaction with the level of capital deepening has contributed significantly to labor productivity growth.