How Fast Has Chinese Industry Grown?--Measuring the Real Output of Chinese Industry, 1949-97
AbstractThe motivation of this study is to test the widely accepted but never tested hypothesis that Chinese official statistics on growth rates may contain serious upward biases. By adopting a Laspeyres quantity index approach to the recently available official physical output data at commodity level, we have constructed an independent output index for Chinese industry, and produced a unique data set for the value added of 17 major industrial branches at 1987 prices for the period 1949-97. This study has, for the first time, systematically tested this hypothesis with supportive results. It implies that any growth accounting study using the official growth rates may have exaggerated the productivity performance of Chinese industry. Copyright 2002 by The International Association for Research in Income and Wealth.
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Bibliographic InfoArticle provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.
Volume (Year): 48 (2002)
Issue (Month): 2 (June)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
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- Holz, Carsten A, 2013. "Monthly industrial output in China since 1983," MPRA Paper 43867, University Library of Munich, Germany.
- Liu, Tung & Li, Kui-Wai, 2012. "Analyzing China's productivity growth: Evidence from manufacturing industries," Economic Systems, Elsevier, vol. 36(4), pages 531-551.
- Harry X. Wu, 2006. "The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese Economy Grown?," Hi-Stat Discussion Paper Series d06-176, Institute of Economic Research, Hitotsubashi University.
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