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Technology Progress, Efficiency, and Scale of Economy in Post-reform China Author info | Abstract | Publisher info | Download info | Related research | Statistics Kui-Wai Li () (City University of Hong Kong, Hong Kong SAR)
Tung Liu () (Department of Economics, Ball State University)
Lihong Yun () (City University of Hong Kong, Hong Kong SAR)
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This paper analyzes the productivity change of the thirty provinces in China’s post-reform economy. The productivity change is estimated from the stochastic frontier model, in which the maximum likelihood estimation is applied to an augmented logarithmic production function incorporated with a human capital variable. The empirical results show technical progress is the main contributor to productivity growth and the scale of economy became important in recent years, but technical efficiency has edged downwards in the sample period. We also found that the physical capital is the important factor for economic growth and human capital is inadequate even though it has a positive and significant effect on growth. The relevant policy implication for a sustainable post-reform China economy is the need to promote human capital accumulation and improvement in technical efficiency.
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Paper provided by Ball State University, Department of Economics in its series Working Papers with number
200701.
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Length: 23 pages
Date of creation: Apr 2007Date of revision:
Apr 2007Handle: RePEc:bsu:wpaper:200701Contact details of provider: Postal: Muncie, Indiana 47306 Phone: (765) 285-5360 Fax: (765) 285-8024 Web page: http://www.bsu.edu/econ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Tung Liu).
Keywords: technical efficiency technical progress human capital China economy Other versions of this item:
This paper has been announced in the following NEP Reports :
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