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Chinese Journal of Management Science ›› 2021, Vol. 29 ›› Issue (12): 203-214.doi: 10.16381/j.cnki.issn1003-207x.2021.1180

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Calculating the Rate of Quality Improvement and its Contribution Rate of Economic Growth in China

ZHOU Han-ting1, SONG Ming-shun2, CHENG Long-sheng1, ZHENG Su-li2, JIANG Jin1   

  1. 1. College of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, China;2. College of Economics and Management, China Jiliang University, Hangzhou 310018, China
  • Received:2021-06-11 Revised:2021-10-13 Published:2021-12-28
  • Contact: 程龙生 E-mail:cheng_longsheng@163.com

Abstract: In the context of economic globalization, factor mobility promotes the extension of factor connotations. Factor quality has become a major factor influencing factor income growth, and the difference in factor quality effects between primary and higher factors is becoming more pronounced. Although the contribution of factor quality to economic growth is objective, there are limitations and underestimation in the measurement of factor quality improvement rate. Stripping factor quality from the evaluation of factor quantity supply and measuring the factor quality improvement rate are difficult issues. However, it is an important guide for balancing the factor structure and improving the efficiency of factor supply.

Key words: structural equation model; Bayesian estimation; Bayesian imputation method; quality improvement rate; contribution rate of economic grow

CLC Number: