Application of improved Solow model for evaluating the social benefit of water-saving agriculture

Based on the Solow model, technological progress and capital input are divided, and an improved Solow model is established. This model is applied to calculate the contribution rate of all input factors to economic growth and to evaluate quantitatively the social benefit of water-saving agriculture i...

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Bibliographic Details
Published in2009 IEEE International Conference on Industrial Engineering and Engineering Management pp. 915 - 919
Main Authors Linlin Chu, Jing Chen
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.12.2009
Subjects
Agriculture
Calculus
Computer networks
contribution rate
economic growth
Network servers
social benefit
Solow model
Stochastic processes
Telecommunication traffic
Telematics
Time domain analysis
Traffic control
water-saving agriculture
Wireless networks
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Summary:Based on the Solow model, technological progress and capital input are divided, and an improved Solow model is established. This model is applied to calculate the contribution rate of all input factors to economic growth and to evaluate quantitatively the social benefit of water-saving agriculture in China from 1991 to 2005. It is concluded that the contribution rates of all input factors are obviously different. Among these factors, the contribution rate of technological progress in water-saving agriculture is greater than the capital input of water-saving agriculture. Although periodic fluctuations are evident, the social benefits of water-saving agriculture generally have a stable development process. Water-saving agriculture is currently playing an important role in China.
ISBN:1424448697
9781424448692
ISSN:2157-3611
2157-362X
DOI:10.1109/IEEM.2009.5372874