Open AccessThe Application of Douglas Production Function in Urban Local Economic Growth Management Under Computer Big Data
Author(s) -
Liwei Wang
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1578/1/012117
Subject(s) - cobb–douglas production function , production (economics) , function (biology) , production function , cobb , function model , economics , urban economics , growth model , term (time) , operations management , microeconomics , genetics , business process modeling , evolutionary biology , biology , business process , work in process , physics , quantum mechanics
Cobb Douglas production function also has unique advantages in quantitative analysis of the factors that influence urban economic growth, as well as the short-term and long-term effects and adjustments of various resource inputs on urban economy. Cobb Douglas production function combined with computer technology, the data analysis is more targeted. Therefore, it has been more and more widely used in the study of urban local economic growth management. This paper first analyzes the cobb-douglas production function theory, and then studies the practical application of the cobb-douglas production function model in urban local economic growth. Finally, through the estimation and adjustment of the Cobb Douglas production function model with computer technology, the influence and effect of different variables on the local economic growth of the city were analyzed.