An Analysis of Economic Growth Factors in Shenzhen:1979—2007——Based on the Perspective of Total Factor Productivity
基于索洛余值法计算深圳1979-2007年全要素生产率及其对经济增长的贡献,发现增长主要靠资本投入,属于粗放型增长,需向集约型转变。
Based on the Solow's residual method,this paper calculated the rate of TFP and the share of its contribution to the economic growth in Shenzhen from 1979—2007.Removing the abnormal data resulted from the first major adjustment of economic development in 1986,the results show that the average annual GDP growth rate is 28.81% coming from a large of capital investment.The average annual growth rate of capital is 24.05% ,and the capital played the 78.48% share role to the Shenzhen's economic growth ,while the rote of labor was not obvious ,contributing only 5.71% share,and the share of TFP was too low ,only 15.81% .So Shenzhen's development model belonged to the typical capital-driven extensive growth.Now,Shenzhen is facing more and more severe external and internal environment, as special policies are disappearing, land、resources、population and the environment are becoming a bottleneck.It is very important that Shenzhen Special Economic Zone needs to change the mode of economic growth from extensive to intensive growth as soon as possible and enhance the contribution of technological progress to economic growth.