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Growth Prospects in China and India Compared

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Author Info
Richard Herd
Sean Dougherty

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Abstract

This paper compares the growth prospects of China and India through a growth accounting analysis. Consistent time series for capital stock and employment are constructed using available survey data, and recent revisions to the national accounts for both countries are incorporated. The results allow for a discussion of the sources of growth in both countries, and a consideration of each country's rate of potential growth in light of the outlook for national savings, as demographic shifts occur in each country.

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File URL: http://eaces.liuc.it/18242979200701/182429792007040104.pdf
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Publisher Info
Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

Volume (Year): 4 (2007)
Issue (Month): 1 (June)
Pages: 65 - End page: 89
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Handle: RePEc:liu:liucej:v:4:y:2007:i:1:p:65-89

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Related research
Keywords: Growth accounting potential growth capital measurement demographics China India

Find related papers by JEL classification:
E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

References listed on IDEAS
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  1. Franco Modigliani & Shi Larry Cao, 2004. "The Chinese Saving Puzzle and the Life-Cycle Hypothesis," Journal of Economic Literature, American Economic Association, vol. 42(1), pages 145-170, March. [Downloadable!] (restricted)
  2. CHOW, Gregory C., 2006. "New capital estimates for China: Comments," China Economic Review, Elsevier, vol. 17(2), pages 186-192. [Downloadable!] (restricted)
  3. Sean Dougherty & Richard Herd, 2005. "Fast-Falling Barriers and Growing Concentration: The Emergence of a Private Economy in China," OECD Economics Department Working Papers 471, OECD Economics Department. [Downloadable!]
  4. Chow, Gregory C, 1993. "Capital Formation and Economic Growth in China," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 809-42, August. [Downloadable!] (restricted)
    Other versions:
  5. Luiz de Mello & Per Mathis Kongsrud & Robert Price, 2004. "Saving Behaviour and the Effectiveness of Fiscal Policy," OECD Economics Department Working Papers 397, OECD Economics Department. [Downloadable!]
  6. Nick Vanston, 2006. "Summary of a Workshop on Global Convergence Scenarios: Structural and Policy Issues," OECD Economics Department Working Papers 483, OECD Economics Department. [Downloadable!]
  7. Barry Bosworth & Susan M. Collins & Arvind Virmani, 2007. "Sources of Growth in the Indian Economy," NBER Working Papers 12901, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Holz, Carsten A., 2006. "New capital estimates for China," China Economic Review, Elsevier, vol. 17(2), pages 142-185. [Downloadable!] (restricted)
    Other versions:
  9. 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)
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Statistics
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