JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2010, Vol. 23 ›› Issue (3): 48-51.

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China-s Provincial Estimates of the Efficiency of Capital Use: 1981~2005

LI Rui-juan, SUN Lin-lin   

  1. School of Humanities and Social Sciences, Beijing University of Aeronautics and Astronautics, Beijing 100191, China
  • Received:2008-10-10 Online:2010-05-25 Published:2010-06-29

Abstract:

We estimated China-s 31 provinces in 1980~2005 in the construction and equipmen t capital stock by perpetual inventory method (PIM) with the latest data, and th en measured the marginal capital output ratio of China-s various provinces in 19 81~2005 with the GDP data. The capital accumulation in China-s eastern province s has been relatively saturated; Central provinces are at moderate level of capi tal stock; western provinces are still inadequate in capital accumulation and th eir capital efficiency is yet to improve, so they should continue to increase ca pital investment.

Key words: capital stock, the perpetual inventory method (PIM), the marginal capital output ratio

CLC Number: