Industrial And Aggregate Measures Of Productivity Growth In China, 1982-2000
AbstractWe estimate productivity growth for 33 industries covering the entire Chinese economy using a time series of input-output tables covering 1982-2000. Capital input is measured using detailed investment data by asset and labor input uses demographic information from household surveys. We find a wide range of productivity performance at the industry level. We then show how these industry growth accounts may be consistently aggregated to deliver a decomposition of aggregate GDP growth. For the 1982-2000 period aggregate TFP growth was 2.5 percent per year; decelerating from a rapid rate in the early 1980s to negative growth during 1994-2000. The main source of growth during the 1982-2000 period was capital accumulation, with a small negative contribution from the reallocation of factors across industries. Copyright 2009 The Authors. Journal compilation International Association for Research in Income and Wealth 2009.
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Bibliographic InfoArticle provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.
Volume (Year): 55 (2009)
Issue (Month): s1 (07)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6586
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- Masahiko Aoki, 2011. "The Five-Phases of Economic Development and Institutional Evolution in China and Japan," Development Economics Working Papers 23196, East Asian Bureau of Economic Research.
- Aoki, Masahiko, 2012. "The Five-Phases of Economic Development and Institutional Evolution in China and Japan," ADBI Working Papers 340, Asian Development Bank Institute.
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