Zheng, Jinghai () (Department of Economics, School of Business, Economics and Law, Göteborg University) Bigsten, Arne () (Department of Economics, School of Business, Economics and Law, Göteborg University) Hu, Angang () (Center for China Studies, School of Public Policy and Management)
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China’s unorthodox approach to economic transition has resulted in sustained high growth. However, in recent years Chinese economists have increasingly referred to the growth pattern as “extensive”, generated mainly through the expansion of inputs. Our investigation of the Chinese economy during the reform period finds that reform measures often resulted in one-time level effects on TFP. China now needs to adjust its reform program towards sustained increases in productivity. Market and ownership reforms, and open door policies have improved the situation under which Chinese firms operate, but further institutional reforms are required to consolidate China’s move to a modern market economy.
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Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
236.
Length: 32 pages Date of creation: 28 Nov 2006 Date of revision: Handle: RePEc:hhs:gunwpe:0236
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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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.:
Dani Rodrick, 2003.
"Growth Strategies,"
Economics working papers
2003-17, Department of Economics, Johannes Kepler University Linz, Austria.
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