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A Modified CES Production Function Model and Its Application in Calculating the Contribution Rate of Energy and Other Influencing Factors to Economic Growth

Author

Listed:
  • Cheng Maolin
  • Shi Guojun

    (School of Mathematics and Physics, Suzhou University of Science and Technology, Suzhou, 215009, China)

  • Han Yun

    (School of Business, Suzhou University of Science and Technology, Suzhou, 215009, China)

Abstract

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.

Suggested Citation

  • Cheng Maolin & Shi Guojun & Han Yun, 2019. "A Modified CES Production Function Model and Its Application in Calculating the Contribution Rate of Energy and Other Influencing Factors to Economic Growth," Journal of Systems Science and Information, De Gruyter, vol. 7(2), pages 161-172, April.
    • Handle: RePEc:bpj:jossai:v:7:y:2019:i:2:p:161-172:n:5
    DOI: 10.21078/JSSI-2019-161-12
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    References listed on IDEAS

    as
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