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CHINA's REFORM PERIOD ECONOMIC GROWTH: HOW RELIABLE ARE ANGUS MADDISON's ESTIMATES?

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Carsten A. Holz

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Abstract

Chinese economic growth statistics are controversial. In recent years they have been challenged on technical grounds as well as on suspicions of data falsification. Angus Maddison in a 1998 OECD study goes further in that he questions China's long-run growth statistics and proceeds to provide an alternative time series. His average annual real GDP growth rate for China in the reform period (1978 through 1995) is 2.39 percentage points below the official one. Angus Maddison's revisions were subsequently incorporated into the Penn World Tables; his GDP estimates for China, thus, have found their way into numerous cross-country studies. This paper critically examines the validity of Angus Maddison's revisions to official data. Copyright 2006 Blackwell Publishing Ltd.

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Article provided by Blackwell Publishing in its journal Review of Income and Wealth.

Volume (Year): 52 (2006)
Issue (Month): 1 (03)
Pages: 85-119
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Handle: RePEc:bla:revinw:v:52:y:2006:i:1:p:85-119

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  1. Alan Martina, 2007. "A Class of Poverty Traps: A Theory and Empirical Tests," ANUCBE School of Economics Working Papers 2007-482, Australian National University, College of Business and Economics, School of Economics. [Downloadable!]
  2. Gupta, Abhay, 2007. "Comparing and contrasting growth of India with China," MPRA Paper 9743, University Library of Munich, Germany. [Downloadable!]
  3. Alan Heston, . "What Can Be Learned About the Economies of China and India from Purchasing Power Comparisons?," Indian Council for Research on International Economic Relations, New Delhi Working Papers 229, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
  4. Barry Bosworth & Susan M. Collins, 2007. "Accounting for Growth: Comparing China and India," NBER Working Papers 12943, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Zheng, Jinghai & Bigsten, Arne & Hu, Angang, 2006. "Can China’s Growth be Sustained? A Productivity Perspective," Working Papers in Economics 236, Göteborg University, Department of Economics. [Downloadable!]
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