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Industrial Structural Change and Economic Growth in China, 1987–2008

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  • Jingfeng Zhao
  • Jianmin Tang

Abstract

The present paper studies the sources of economic growth and the nature of structural change in the Chinese economy from 1987 to 2008. Using a methodology that evaluates the contribution of an industry to economic growth, the present paper shows that the post-2000 subperiod marked an increased reliance on the services sector as a source of growth in the Chinese economy. Much of the acceleration in real GDP or aggregate labor productivity growth in China in the post-2000 subperiod compared to the pre-2000 period can be traced to an increased contribution from service-producing and high-technology exporting manufacturing industries. The evidence indicates that the Chinese economy has been rebalancing toward domestic consumption and shifting its export sector toward high-technology manufacturing industries.

Suggested Citation

  • Jingfeng Zhao & Jianmin Tang, 2015. "Industrial Structural Change and Economic Growth in China, 1987–2008," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(2), pages 1-21, March.
    • Handle: RePEc:bla:chinae:v:23:y:2015:i:2:p:1-21
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    File URL: http://hdl.handle.net/10.1111/cwe.12104
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    References listed on IDEAS

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    1. Jianmin Tang & Weimin Wang, 2004. "Sources of aggregate labour productivity growth in Canada and the United States," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 37(2), pages 421-444, May.
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    5. Manfred Bienefeld, 2009. "China Rising: Challenges and Opportunities," Transnational Corporations Review, Ottawa United Learning Academy, vol. 1(1), pages 4-9, March.
    6. Michael-John Almon & Jianmin Tang, 2011. "Industrial Structural Change and the Post-2000 Output and Productivity Growth Slowdown: A Canada-U.S. Comparison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 22, pages 44-81, Fall.
    7. Jing Cao & Mun S. Ho & Dale W. Jorgenson & Ruoen Ren & Linlin Sun & Ximing Yue, 2009. "Industrial And Aggregate Measures Of Productivity Growth In China, 1982–2000," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(s1), pages 485-513, July.
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    Cited by:

    1. Wang, Rui & Qi, Zhongying & Shu, Yumin, 2020. "Multiple relationships between fixed-asset investment and industrial structure evolution in China–Based on Directed Acyclic Graph (DAG) analysis and VAR model," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 222-231.
    2. Zhao, Jingfeng & Tang, Jianmin, 2018. "Understanding agricultural growth in China: An international perspective," Structural Change and Economic Dynamics, Elsevier, vol. 46(C), pages 43-51.
    3. Nai Chiek Aik & Qiurui Zhang, 2023. "Use of Theil for a Specific Duality Economy: Assessing the Impact of Digital Inclusive Finance on Urban-Rural Income Gap in Chongqing," FinTech, MDPI, vol. 2(4), pages 1-12, September.
    4. Zhao, Jingfeng & Tang, Jianmin, 2018. "Industrial structure change and economic growth: A China-Russia comparison," China Economic Review, Elsevier, vol. 47(C), pages 219-233.

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