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

作　　者：金戈 

机构地区：[1]School of Public Finance and Taxation, Zhejiang University of Finance and Economics, Hangzhou, China [2]Graduate School of Economics, Kyoto University, Kyoto, Japan

出　　处：《China Economist》2017年第2期98-112,共15页中国经济学人（英文版）

基　　金：the financial supports of the Natural Science Foundation for Distinguished Young Scholars of Zhejiang Province(Grant No.LR14G03001);the National Natural Science Foundation of China(Grant No.71673237)

摘　　要：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）. 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.

关 键 词：economic infrastructure capital social infrastructure capital noninfrastructure capital output elasticity 

分 类 号：F832.51[经济管理—金融学]