On the contribution of technological advancement of economic growth in Heilongjiang province

The efficiency of the economics has been the core part of the economics performance and it has achieved the great attention by all the economists ever since 1960s. There is no doubt that the technology has played an important role in the process of the economic operation. Taking the Solow residual value into the analysis of the technological advancement for economic growth, this paper brings forward a new economic growth model, which aims analyzing the hereof technological advancement contribution for the economic growth. Based on the hereof advanced model, this paper reaches the conclusion that the technological advancement occupies the great part of the growth and determines the economic growth path. All the conclusions here mentioned have been confirmed by the empirical analysis of Heilongjiang province of China.