Measurement of Economic Growth Contribution of Technological Progress in China’s First-tier Cities Based on Solow Residual Method

This study uses the Solow Residual method which is a tool to measure the productivity growth other than capital investment and labor input, and this productivity growth which can represent technological progress in long-term to construct a panel regression model for the four China’s first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen from 1992 to 2017 to measure the contribution rate of technological progress to economic growth, and conclude that the economic growth of first-tier cities mainly depends on technological progress.