China's Reform Period Economic Growth: Why Angus Maddison Got It Wrong and What That Means
AbstractChina's economic growth statistics of the late 1990s have repeatedly been questioned. Angus Maddison in a 1998 OECD study goes further in that he revised China's official average annual real growth rate for the first seventeen years of economic reform, 1978 through 1995, downward by 2.39 percentage points per year. His study is the most thorough criticism of Chinese official statistics to date, and the one with the largest impact on the data. By 1995, the revisions imply 150% less output, in 1978 terms, than the official data do. Angus Maddison's revisions were subsequently incorporated into the Penn World Tables; the findings of countless cross-country studies are therefore affected by Angus Maddison's growth estimates for China. This paper examines Angus Maddison's revisions to official data and finds them invalid. Angus Maddison's growth estimates for China in the reform period constitute no alternative to the official data.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0504012.
Length: 48 pages
Date of creation: 21 Apr 2005
Date of revision:
Note: Type of Document - pdf; pages: 48
Contact details of provider:
Web page: http://126.96.36.199
Find related papers by JEL classification:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-24 (All new papers)
- NEP-DEV-2005-04-24 (Development)
- NEP-SEA-2005-04-24 (South East Asia)
- NEP-TRA-2005-04-24 (Transition Economics)
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.:
- J�nos Kornai, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 27-42, Winter.
- Kornai, Janos, 2000. "What the Change of System from Socialism to Capitalism Does and Does Not Mean," Scholarly Articles 3634160, Harvard University Department of Economics.
- Keidel, Albert, 2001. "China's GDP expenditure accounts," China Economic Review, Elsevier, vol. 12(4), pages 355-367.
- Headey, Derek & Bezemer, Dirk & Hazell, Peter B., 2008. "Agricultural exit problems: Causes and consequences," IFPRI discussion papers 802, International Food Policy Research Institute (IFPRI).
- Shiu, Alice & Heshmati, Almas, 2006.
"Technical Change and Total Factor Productivity Growth for Chinese Provinces: A Panel Data Analysis,"
Ratio Working Papers
98, The Ratio Institute.
- Shiu, Alice & Heshmati, Almas, 2006. "Technical Change and Total Factor Productivity Growth for Chinese Provinces: A Panel Data Analysis," IZA Discussion Papers 2133, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.