Whither Chinese Growth? A Sectoral Growth Accounting Approach
We perform a growth-accounting exercise for Chinese economic growth from 1978 to 2003, by decomposing Chinese growth in GDP per labor into the contributions arising from the agricultural, public, and private sectors; and the contribution arising from the reallocations of labor among these three sectors. The greatest contributor to overall labor productivity growth (contributing 30% of the overall) is the growth in total factor productivity in the private nonagricultural sector. The next largest contributor (26% of the overall) is the reallocation of labor from the agricultural sector to the nonagricultural sector. Copyright (C) 2010 Blackwell Publishing Ltd.
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Volume (Year): 14 (2010)
Issue (Month): s1 (08)
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