World city growth model and empirical application of Beijing
World city growth model and empirical application of Beijing
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DOI：
10.1108/17506141211214031
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发表时间：
2012-03
影响因子：
2.2
通讯作者：
Yao Yongling;Shi Lu-shan
中科院分区：
文献类型：
--
作者：
Yao Yongling;Shi Lu-shan
目的-本文的目的是建立一个世界城市的增长模型，以确定政府和企业的角色。设计/方法/途径--本文通过三个假设来证明企业和政府投资对世界城市的贡献。然后在索洛增长模型中引入政府投资变量代替劳动力变量，建立了世界城市的增长模型。本文利用C-D函数，通过普通最小二乘回归建立了北京世界城市增长的实证模型。结果表明：企业经营盈余对世界城市增长的弹性大于政府支出对世界城市增长的弹性，表明私人部门的投资能力对世界城市增长具有更有效的效用。
Purpose – The purpose of this paper is to set up a growth model for a world city, in order to determine the roles of government and enterprises. With the model, the authors of this paper want to test the efficiencies between governmental and enterprise investment for the experience of Beijing.Design/methodology/approach – The paper proves the contributions of enterprise and governmental investment for a world city by three assumptions. It then sets up a growth model for a world city by taking the variable of governmental investment instead of the labor variable in the Solow Growth Model. With C‐D function, the paper sets up an empirical growth model of the world city of Beijing by ordinary least squares (OLS) regression.Findings – Results of OLS show that the elasticity of enterprises operating surplus to world city growth is bigger than the one of governmental expenditure to world city growth, which indicates that the investment ability of the private sector has more efficient effectiveness on a world ci...