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Capital inputs in the Chinese economy: Estimates for the total economy, industry and manufacturing

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  • Wang, Lili
  • Szirmai, Adam

Abstract

This paper presents new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953–2007), for the industrial sector (1953–2007) and for manufacturing (1985–2007). The capital input estimates for industry and manufacturing are also broken down by thirty regions. The paper makes a systematic attempt to apply SNA (System of National Accounts) concepts to the estimation of capital inputs, according to the Perpetual Inventory Method. It makes a clear distinction between capital services from a productivity perspective and wealth capital stocks. The paper provides a detailed analysis of the relevant Chinese statistical concepts and data. It provides an explanation of the procedures followed in constructing the new national and regional capital input series.

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Bibliographic Info

Article provided by Elsevier in its journal China Economic Review.

Volume (Year): 23 (2012)
Issue (Month): 1 ()
Pages: 81-104

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Handle: RePEc:eee:chieco:v:23:y:2012:i:1:p:81-104

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Web page: http://www.elsevier.com/locate/chieco

Related research

Keywords: Capital input; Capital services; Capital stocks; Regions; China; Industry; Manufacturing;

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References

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  1. Belton Fleisher & Haizheng Li & Min-Qiang Zhao, 2009. "Human Capital, Economic Growth, and Regional Inequality in China," Working Papers 09-01, Ohio State University, Department of Economics.
  2. repec:fth:harver:1487 is not listed on IDEAS
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  12. Holz, Carsten A., 2006. "New capital estimates for China," China Economic Review, Elsevier, vol. 17(2), pages 142-185.
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  14. Paul Schreyer & Pierre-Emmanuel Bignon & Julien Dupont, 2003. "OECD Capital Services Estimates: Methodology and a First Set of Results," OECD Statistics Working Papers 2003/6, OECD Publishing.
  15. Jefferson, Gary H. & Rawski, Thomas G. & Li, Wang & Yuxin, Zheng, 2000. "Ownership, Productivity Change, and Financial Performance in Chinese Industry," Journal of Comparative Economics, Elsevier, vol. 28(4), pages 786-813, December.
  16. Li, Kui-Wai, 2009. "China's total factor productivity estimates by region, investment sources and ownership," Economic Systems, Elsevier, vol. 33(3), pages 213-230, September.
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Cited by:
  1. Wu, Harry X., 2011. "Rethinking China.s Path of Industrialization," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).

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