TY - JOUR
AU - Jia, Liqun
AB -  In this study we estimate the Chinese aggregate, sectoral and small-scale industrial production functions based of three models, the CES(1), CES(2) and Cobb–Douglas production functions. Testing the estimated results we find that the Cobb–Douglas production function is the appropriate functional form for underlying Chinese industrial struture. The study indicates some serious structural and technological problems, such as decreasing returns to scale, unitary substitution between labour and capital, slow technical progress and low economic efficienty. The findings suggest that an intensive industrial development policy should be pursued in China. 
TI - A quantitative analysis of Chinese industrial structure and technological change: production functions for aggregate industry, sectoral industries and small scale industry
JF - Applied Economics
DO - 10.1080/00036849100000068
DA - 1991-11-01
UR - https://www.deepdyve.com/lp/taylor-francis/a-quantitative-analysis-of-chinese-industrial-structure-and-JsImWeZuGe
SP - 1733
EP - 1740
VL - 23
IS - 11
DP - DeepDyve
ER -