New Estimates of China's Infrastructure and Non-Infrastructure Capital Stocks and Their Output

• 作 者: 金戈
• 机 构: School of Public Finance and Taxation,Zhejiang University of Finance and Economics,Graduate School o
• 出 处: China Economist
• 发表日期: 2017年02期
• 关键词: infrastructure stock sector estimates provincial asset return Asset panel instan

This paper classifies total fixed capital into three categories,namely,economic infrastructure capital,social infrastructure capital and non-infrastructure capital,and then offers complete and detailed estimates of the national time series data(1981-2012) and the provincial panel data of 31 administrative regions(1997-2012).On this basis,this paper estimates the output elasticities of the three categories of capital and then tests whether or not the production function of China shows constant returns to scale.

This paper classifies total fixed capital into three categories, namely, economic infrastructure capital, social infrastructure capital and non-infrastructure capital, and then offers complete and detailed estimates of the national time series data (1981-2012) and the provincial panel data of 31 administrative regions (1997-2012). This paper estimates the output elasticity of the three categories of capital and then tests whether or not the production function of China shows constant returns to scale.