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Regional Capital Inputs in Chinese Industry and Manufacturing, 1978-2003

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  • Wang, Lili
  • Szirmai, Adam

    (Groningen University)

Abstract

This paper provides new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953-2003), for the industrial sector (1978-2003) and for the manufacturing sector (1985-2003). The estimates for industry and manufacturing are broken down by thirty regions. The main contribution of this paperlies in constructing hitherto unvailable estimates of capital inputs at the level of Chinese regions. The paper makes a systematic attempt to apply SNA concepts to the estimation of Chinese capital inputs, according to the Perpetual Inventory Method. It makes a clear distinction between capital services and wealth capital stocks. After a general discussion of theoretical issues in capital measurement, the paper provides a detailed analysis of the relevant Chinese statistical concepts and data. It goes on to discuss previous capital estimates in the light of the modern conceptual and theoretical discussions. It ends with an explanation of the procedures followed in constructing the national and regional capital input series.

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File URL: http://irs.ub.rug.nl/ppn/317331949
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Bibliographic Info

Paper provided by Groningen Growth and Development Centre, University of Groningen in its series GGDC Research Memorandum with number GD-99.

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Date of creation: 2008
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Handle: RePEc:dgr:rugggd:gd-99

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  1. Holz, Carsten A., 2006. "New capital estimates for China," China Economic Review, Elsevier, vol. 17(2), pages 142-185.
  2. Jefferson, Gary H. & Rawski, Thomas G. & Zheng, Yuxin, 1996. "Chinese Industrial Productivity: Trends, Measurement Issues, and Recent Developments," Journal of Comparative Economics, Elsevier, vol. 23(2), pages 146-180, October.
  3. Chow, G.C., 1990. "Capital Formation And Economic Growth In China," Papers, Princeton, Woodrow Wilson School - Discussion Paper 67, Princeton, Woodrow Wilson School - Discussion Paper.
  4. Hulten, Charles R & Wykoff, Frank C, 1996. "Issues in the Measurement of Economic Depreciation: Introductory Remarks," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 34(1), pages 10-23, January.
  5. Triplett, Jack E, 1996. "Depreciation in Production Analysis and in Income and Wealth Accounts: Resolution of an Old Debate," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 34(1), pages 93-115, January.
  6. Abdul Azeez Erumban, 2008. "Lifetimes Of Machinery And Equipment: Evidence From Dutch Manufacturing," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(2), pages 237-268, 06.
  7. Marcel Timmer, 1999. "Indonesia's Ascent on the Technology Ladder: Capital Stock and Total Factor Productivity in Indonesian Manufacturing, 1975-95," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 35(1), pages 75-97.
  8. 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.
  9. A. Szirmai & M. P. Timmer & R. van der Kamp, 2002. "Measuring Embodies Technological Change in Indonesian Textiles: The Core-Machinery Approach," Journal of Development Studies, Taylor & Francis Journals, vol. 39(2), pages 155-177.
  10. Wu, Yanrui, 2000. "Is China's economic growth sustainable? A productivity analysis," China Economic Review, Elsevier, vol. 11(3), pages 278-296.
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Cited by:
  1. De Zutter, Elisabeth & Toro, Francisco, 2008. "Normative Power is in the Eye of the Beholder: An Empirical Assessment of Perceptions of EU Identity at the WTO," MERIT Working Papers 074, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  2. Arslan Razmi & Martin Rapetti & Peter Skott, 2009. "The Real Exchange Rate as an Instrument of Development Policy," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics 2009-07, .
  3. Arslan Razmi & Martin Rapetti & Peter Skott, 2011. "The Real Exchange Rate and Economic Development," UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics 2011-08, .
  4. Lokshin, Boris & Mohnen, Pierre, 2008. "Wage effects of R&D tax incentives:Evidence from the Netherlands," MERIT Working Papers 034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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