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Structural Change in Industrial Output: China 1995-2010

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  • Jose-Miguel Albala-Bertrand

    (Queen Mary University of London)

Abstract

The aim of this paper is to learn about some patterns of sectoral and industrial structural change of the Chinese economy over the 1995-2010 period. To such a purpose, we set up a quantitative methodology via input-output modelling, which allows us to decompose gross output into some key demand sources or contributions. It can be shown that the trajectory of the main structural patterns over the period were both not smooth and pretty unbalanced and that they generally responded to both domestic policy and international shocks. Export demand and heavy industry appeared to be the main engines of the economy, which showed massive increases in their share of output, at the expense of domestic demand, services and agriculture. Despite the high growth rates over this period, the Chinese economy seemed to be in need of rebalancing. There is however some indication towards the end of our period that the economy was starting to go that way.

Suggested Citation

  • Jose-Miguel Albala-Bertrand, 2015. "Structural Change in Industrial Output: China 1995-2010," Working Papers 754, Queen Mary University of London, School of Economics and Finance.
    • Handle: RePEc:qmw:qmwecw:754
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    More about this item

    Keywords

    China; Industrial structural change; Input-output decomposition; Trajectories over 1995-2010;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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