Chinese Economic Growth: Sources and Prospects
AbstractChina's impressive growth is rooted in the liberalization of a surplus labor economy that has a high saving rate. The reallocation of surplus agriculture labor to industry and service sectors generates a growth effect that shows up in total factor productivity (TFP) growth. Net TFP, the resulting residual, contains the true measure of technological progress (among other effects). Taking account of mismeasurement problems, especially of value added in the industry sector, I calculated a plausible range of estimates for each source of growth. My point estimates for each of their contribution to the average annual 9.3 percent growth rate in the 1979-93 period growth rate in the 1985-93 subperiod are, respectively: 1979-93 1985-93 4.9 5.5 percentage points from capital accumulation 1.3 1.1 percentage points from labor force expansion. 1.1 1.3 percentage points from reallocation of labor from agriculture 0.2 0.3 percentage points from inconsistent use of base prices, 0.5Ã?0.7 0.9Ã?1.2 percentage points from overstatement of industrial growth, 1.1-1.3 0.3Ã?0.6 percentage points from net TFP growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of California, Davis, Department of Economics in its series Working Papers with number 968.
Date of creation: 08 Jan 2003
Date of revision:
Other versions of this item:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Barry Bosworth & Susan M. Collins, 2007.
"Accounting for Growth: Comparing China and India,"
NBER Working Papers
12943, National Bureau of Economic Research, Inc.
- Jeffrey D. Sachs & Wing Thye Woo, .
"Understanding China'S Economic Performance,"
Department of Economics
97-04, California Davis - Department of Economics.
- Jeffrey D. Sachs & Wing Thye Woo, 1997. "Understanding China's Economic Performance," NBER Working Papers 5935, National Bureau of Economic Research, Inc.
- Jeffrey D. Sachs & Wing Thye Woo, 1997. "Understanding China's Economic Performance," Harvard Institute of Economic Research Working Papers 1793, Harvard - Institute of Economic Research.
- Bloom, David E. & Canning, David & Hu, Linlin & Liu, Yuanli & Mahal, Ajay & Yip, Winnie, 2010.
"The contribution of population health and demographic change to economic growth in China and India,"
Journal of Comparative Economics,
Elsevier, vol. 38(1), pages 17-33, March.
- David E. Bloom & David Canning & Linlin Hu & Yuanli Liu & Ajay Mahal & Winnie Yip, 2007. "The Contribution of Population Health and Demographic Change to Economic Growth in China and India," PGDA Working Papers 2807, Program on the Global Demography of Aging.
- Warwick J. McKibbin & Wing Thye Woo, 2003.
"The Consequences of China's WTO Accession for Its Neighbors,"
Asian Economic Papers,
MIT Press, vol. 2(2), pages 1-38.
- Warwick J. McKibbin & Wing Thye Woo, 2003. "The Consequences of China's WTO Accession on its Neighbors," Departmental Working Papers 2003-17, The Australian National University, Arndt-Corden Department of Economics.
- Sylvie Démurger & Jeffrey D. Sachs & Wing Thye Woo & Shuming Bao & Gene Chang & Andrew Mellinger, 2002.
"Geography, Economic Policy, and Regional Development in China,"
Asian Economic Papers,
MIT Press, vol. 1(1), pages 146-197.
- Sylvie DEMURGER & SACHS & Wing Thye WOO & BAO & CHANG & MELLINGER, 2001. "Geography, Economic Policy and Regional Development in China," Working Papers 200109, CERDI.
- Sylvie Demurger & Jeffrey D. Sachs & Wing Thye Woo & Shuming Bao & Gene Chang & Andrew Mellinger, 2002. "Geography, Economic Policy and Regional Development in China," Harvard Institute of Economic Research Working Papers 1950, Harvard - Institute of Economic Research.
- Sylvie Demurger & Jeffrey D. Sachs & Wing Thye Woo & Shuming Bao, Gene Chang & Andrew Mellinger, 2002. "Geography, Economic Policy, and Regional Development in China," NBER Working Papers 8897, National Bureau of Economic Research, Inc.
- Richard G. Harris & Peter E. Robertson & Jessica Y. Xu, 2010.
"The International Effects of China's Growth, Trade and Ecucation Booms,"
Economics Discussion / Working Papers
10-04, The University of Western Australia, Department of Economics.
- Richard G. Harris & Peter E. Robertson & Jessica Y. Xu, 2011. "The International Effects of China’s Growth, Trade and Education Booms," The World Economy, Wiley Blackwell, vol. 34(10), pages 1703-1725, October.
- Harry X. Wu, 2006. "The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese Economy Grown?," Hi-Stat Discussion Paper Series d06-176, Institute of Economic Research, Hitotsubashi University.
- Dollar, David & Kraay, Aart, 2005.
"Neither a borrower nor a lender : does China's zero net foreign asset position make economic sense?,"
Policy Research Working Paper Series
3801, The World Bank.
- Dollar, David & Kraay, Aart, 2006. "Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 943-971, July.
- Meng, Xin & Zhang, Dandan, 2010. "Labour Market Impact of Large Scale Internal Migration on Chinese Urban 'Native' Workers," IZA Discussion Papers 5288, Institute for the Study of Labor (IZA).
- Wong Hock Tsen, 2006. "Granger causality tests among openness to international trade, human capital accumulation and economic growth in China: 1952-1999," International Economic Journal, Taylor & Francis Journals, vol. 20(3), pages 285-302.
- Wing Thye Woo, 2003.
"Recent Claims of China's Economic Exceptionalism: Reflections Inspired by WTO Accession,"
13, University of California, Davis, Department of Economics.
- Woo, Wing Thye, 2001. "Recent claims of China's economic exceptionalism: Reflections inspired by WTO accession," China Economic Review, Elsevier, vol. 12(2-3), pages 107-136.
- Xiang Ao & Lilyan E. Fulginiti, 2005. "Productivity Growth in China: Evidence from Chinese Provinces," Development and Comp Systems 0502024, EconWPA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Scott Dyer).
If references are entirely missing, you can add them using this form.