The Dynamic Factors of Guangdong's Economic Growth from the Perspective of Supply-side Reform

Abstract

Re-examining the overall economic situation and the industrial structure of Guangdong Province, the current sub-districts in Guangdong have insufficient development in supply and demand management, effectiveness review, factor-driven and elimination of uncertain factors, and urgently need to scientifically and rationally define regional management dilemmas. Through the introduction of the Cobb-Dauglas production function model, the total factor productivity of 21 districts in Guangdong Province are calculated. Concerned about the supply-side management elements and constant indicators of benefit in specific regions, efforts are made to promote Guangdong Province. The transformation of the economic and dynamic mechanism and the adjustment of its contribution rate are expected to effectively analyze the innovative path of economic development in Guangdong Province.