ON THE EFFICIENCY OF PHYSICAL CAPITAL AND HUMAN CAPITALIN MAIN PROVENCES OF CHINA
基于经济增长理论和生产理论，分析了1980-1990年代中国20个省份物质资本与人力资本对经济增长的贡献率变化，发现主要贡献从物质资本转向人力资本，且多数省份资本效率较低但正在改善，通过提高效率可使GDP增长约24%。
Akeyissueforthe sustainable developmentisimprovingthe efficiency of resources ,especiallythe main productionresources—phys-ical capital and human capital .Based onthe Economic Growth Theory,the authors analyzedthe contributionrate of physical capital and humancapital to economic growthin 20 provinces andfoundthe main contributor to growth had changed fromphysical capital to human capital from1980s to 1990s .Further accordingtothe Production Theory,the highest efficiency of resources can be got whenthe marginal product revenuesof all inputs are equal .By calculating and comparingthe MPRs of physical and human capitals ,the authors concluded that the efficiency ofcapital in most provinces are lowbut improving.The potential GDP growthrate byimproving efficiencyis about 24 %.