Analysing the Impact of Labour Force on the Economic Development of the Yangtze River Economic Belt

Abstract

The Yangtze River Economic Belt is an inland river economic belt with global influence, a coordinated development belt featuring interaction and cooperation between the East, the West and the East of China. Labour force has an impact on the economic development of the Yangtze River Economic Belt, but the contribution of labour force to the 11 provinces of the Yangtze River Economic Belt has different degrees of impact. The aim of this paper is to explain the difference of labour contribution to the economic development of 11 provinces. By using Cobb-Douglas production function and the data on the local economy and labour force, the paper gets these conclusions: First, except for the abundant and high-quality labour force in Shanghai, labour force has a relatively obvious promoting effect on other provinces. Second, in addition to the effect of labour force on the economy of Hubei Province is not so great, the promoting effect of other provinces is similar and great. Third, the influence of regional factors on the impact of labour on the economy is not obvious.