A Modified CES Production Function Model and Its Application in Calculating the Contribution Rate of Energy and Other Influencing Factors to Economic Growth
Maolin CHENG1, Guojun SHI2, Yun HAN3
1. School of Mathematics and Physics, Suzhou University of Science and Technology, Suzhou 215009, China;
2. School of Mathematics and Physics, Suzhou University of Science and Technology, Suzhou 215009, China;
3. School of Business, Suzhou University of Science and Technology, Suzhou 215009, China
In the analysis of economic growth factors, the constant elasticity of substitution (CES) production function model is used to calculate the contribution rates of influencing factors to economic growth. However, the traditional CES production function model fails to consider the staged characteristics of economic growth. Therefore, this study provides a modified model of the CES production function. With regard to its application, a new method for calculating the contribution rates of energy and other influencing factors to economic growth is proposed using a modified CES production function model. This work concludes by calculating the contribution rates of Chinese energy and other influencing factors to economic growth.
Supported by National Natural Science Foundation of China (11401418)
Cite this article:
Maolin CHENG,Guojun SHI,Yun HAN. A Modified CES Production Function Model and Its Application in Calculating the Contribution Rate of Energy and Other Influencing Factors to Economic Growth[J]. Journal of Systems Science and Information, 2019, 7(2): 161-172.
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