Zheng, Jinghai () (Department of Economics, School of Economics and Commercial Law, Göteborg University) Hu, Angang () (Center for China Studies, School of Public Policy and Management,)
Abstract
This study analyzes provincial productivity growth in China for the period of 1979-2001. The Malmquist Index approach allows us to decompose productivity growth into two components, technical progress and efficiency change. Considerable productivity growth was found for most of the data period, but it was accomplished mainly through technical progress rather than efficiency improvement. Although China’s capital stock has been accumulated at the speed of a historical record in recent years, our findings show that TFP growth slowed significantly during 1995-2001. The study thus raises serious questions on whether China’s recent growth pattern is consistent with its comparative advantages, and whether its reliance on capital accumulation can be sustained in the long run.
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
127.
Length: 29 pages Date of creation: 12 Mar 2004 Date of revision:
22 Mar 2004 Publication status: Published in Journal of Chinese Economic and Business Studies, 2006, pages 221-239. Handle: RePEc:hhs:gunwpe:0127
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden Phone: 031-773 10 00 Web page: http://www.handels.gu.se/econ/ More information through EDIRC
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Find related papers by JEL classification: D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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