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

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Author Info
Wang, Lili
Szirmai, Adam (Groningen University)

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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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Publisher 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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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. repec:fth:harver:1487 is not listed on IDEAS
  2. Adam Szirmai & Marcel Timmer & Rick van der Kamp, 2002. "Measuring embodied technological change in Indonesian textiles: the core-machinery approach," The Journal of Development Studies, Taylor and Francis Journals, vol. 39(2), pages 155-177, January. [Downloadable!] (restricted)
  3. 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, Statistics Directorate. [Downloadable!]
  4. Holz, Carsten A., 2006. "New capital estimates for China," China Economic Review, Elsevier, vol. 17(2), pages 142-185. [Downloadable!] (restricted)
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  5. 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)
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  6. Abdul Azeez Erumban, 2008. "Lifetimes Of Machinery And Equipment: Evidence From Dutch Manufacturing," Review of Income and Wealth, Blackwell Publishing, vol. 54(2), pages 237-268, 06. [Downloadable!] (restricted)
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Cited by:
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  1. Arslan Razmi & Martin Rapetti & Peter Skott, 2009. "The Real Exchange Rate as an Instrument of Development Policy," Working Papers 2009-07, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
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