The Capital Stock's Analysis of Industry Transfer in the Western Regions of China: Evidence from Guizhou Province

Abstract

The development of China's eastern regions shows the characteristic that the industry transfers to inland in recent years. As the developing areas, the western regions of China must resolve an important question which is effectively undertake the various industries from the eastern regions and continue expands the economic cooperation with the central regions. The capital stock's estimation is the key indicator of analyzing economic growth, and is the premise that can help to undertake the industries for western regions. By introducing the different capital stock estimation's models, the author recalculates the capital stock level of Guizhou Province with different methods, compares and analyses the varied results by different approaches. Therefore, this comparison study can help us to understand the capital stock's level of different regions, and provides some solid basis to undertake the industries transfer from east regions for the west regions of China. Index Terms - Capital Stork, Fixed-capital price index, Inventory, Depreciation, Guizhou