关键词: 通用技术进步, 经济增长, 全要素投入指数, 全要素生产率指数

Abstract: The classical Solow?s total factor productivity accounting assumes that technical progress is Hicks neutral, which does not match the reality of world economic development. This paper expands the setting of technical progress to general technical progress framework, which can cover Hicks-neutral, Harold-neutral, Fei-Ranis-neutral, and various biased technical changes. According to the principle of statistical index, this paper decomposes the output index into a total factor input index and a total factor productivity index, and adopts the standardized general factor-augmenting technology CES production function to derive the calculation methods of the total factor input growth index and the total factor productivity growth index, and constructs a new economic growth accounting model, then finds the compensation mechanism for diminishing marginal returns due to capital deepening from technical progress bias. The new model can measure TFP changes with economic statistics, rather than indirectly with Solow “residue”. If the factor substitution elasticity is 1 or there is no technical progress bias and factor allocation bias, then the new accounting model degenerates into the classic Solow growth accounting equation, as an exception of the model. The new accounting model can measure both the influence of total factor input growth and total factor productivity increase in economic growth, and the influence of factor input intensity and factor allocation bias in the growth rate of total factor input, and the intensity of technical progress and technical progress bias in the growth rate of total factor productivity. Therefore it is more accurate than classical method.

Key words: General Technical Progress, Economic Growth, Total Factor Input Index, Total Factor, Productivity Index