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The role of productivity in China's growth: new estimates



The impressive growth of the Chinese economy in the past three decades has attracted a lot of attention and hence the research interest of many scholars and policy makers. One of the focuses in the literature is the role of productivity in China's economic growth. This paper aims to revisit the debate about the role of productivity in China's growth, to provide an updated estimate of productivity growth and hence to make a contribution to the understanding of China's economic growth in recent years. Its objective is to propose and apply a growth accounting technique to assess economic performance in China, in particular the role of technological progress in China's recent growth. The findings about the latter may have important policy implications for the sustainability of China's economic growth in the future.

Suggested Citation

  • Yanrui Wu, 2008. "The role of productivity in China's growth: new estimates," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 6(2), pages 141-156.
  • Handle: RePEc:taf:jocebs:v:6:y:2008:i:2:p:141-156 DOI: 10.1080/14765280802028260

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    References listed on IDEAS

    1. Shandre M. Thangavelu & Ang Beng Jiunn & James, 2004. "Financial development and economic growth in Australia: An empirical analysis," Empirical Economics, Springer, vol. 29(2), pages 247-260, May.
    2. Tsangyao Chang, 2002. "Financial development and economic growth in Mainland China: a note on testing demand-following or supply-leading hypothesis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(13), pages 869-873.
    3. Arestis, Philip & Demetriades, Panicos O & Luintel, Kul B, 2001. "Financial Development and Economic Growth: The Role of Stock Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(1), pages 16-41, February.
    4. Felix Rioja & Neven Valev, 2004. "Finance and the Sources of Growth at Various Stages of Economic Development," Economic Inquiry, Western Economic Association International, vol. 42(1), pages 127-140, January.
    5. Yan Wang & Yudong Yao, 2001. "Sources of China's economic growth, 1952-99 : incorporating human capital accumulation," Policy Research Working Paper Series 2650, The World Bank.
    6. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934 Elsevier.
    7. Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2006. "Distance to Frontier, Selection, and Economic Growth," Journal of the European Economic Association, MIT Press, vol. 4(1), pages 37-74, March.
    8. Luintel, Kul B. & Khan, Mosahid, 1999. "A quantitative reassessment of the finance-growth nexus: evidence from a multivariate VAR," Journal of Development Economics, Elsevier, vol. 60(2), pages 381-405, December.
    9. Cheung, Yin-Wong & Lai, Kon S, 1993. "Finite-Sample Sizes of Johansen's Likelihood Ration Tests for Conintegration," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(3), pages 313-328, August.
    10. Dick Nanto & Radha Sinha, 2002. "China's Banking Reform," Post-Communist Economies, Taylor & Francis Journals, vol. 14(4), pages 469-493.
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    Cited by:

    1. Herrerias, M.J. & Ordoñez, J., 2012. "New evidence on the role of regional clusters and convergence in China (1952–2008)," China Economic Review, Elsevier, vol. 23(4), pages 1120-1133.
    2. Peihao Lai & Minzhe Du & Bing Wang & Ziyue Chen, 2016. "Assessment and Decomposition of Total Factor Energy Efficiency: An Evidence Based on Energy Shadow Price in China," Sustainability, MDPI, Open Access Journal, vol. 8(5), pages 1-23, April.
    3. Yanrui Wu & Zhao Dingtao, 2011. "Global Integration and Agricultural Productivity in China," Chapters,in: Globalisation, Agriculture and Development, chapter 7 Edward Elgar Publishing.
    4. repec:gam:jsusta:v:8:y:2016:i:5:p:408:d:68945 is not listed on IDEAS
    5. Li, Ke & Lin, Boqiang, 2015. "Metafroniter energy efficiency with CO2 emissions and its convergence analysis for China," Energy Economics, Elsevier, vol. 48(C), pages 230-241.
    6. Liu, Guangtian & Wang, Bing & Zhang, Ning, 2016. "A coin has two sides: Which one is driving China’s green TFP growth?," Economic Systems, Elsevier, vol. 40(3), pages 481-498.
    7. repec:eee:enepol:v:108:y:2017:i:c:p:271-280 is not listed on IDEAS
    8. Chen, Shiyi & Golley, Jane, 2014. "‘Green’ productivity growth in China's industrial economy," Energy Economics, Elsevier, vol. 44(C), pages 89-98.
    9. Li, Ke & Lin, Boqiang, 2015. "The improvement gap in energy intensity: Analysis of China's thirty provincial regions using the improved DEA (data envelopment analysis) model," Energy, Elsevier, vol. 84(C), pages 589-599.
    10. M. Herrerías, 2012. "Weighted convergence and regional growth in China: an alternative approach (1952–2008)," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 49(3), pages 685-718, December.
    11. Xie, Rong-hui & Yuan, Yi-jun & Huang, Jing-jing, 2017. "Different Types of Environmental Regulations and Heterogeneous Influence on “Green” Productivity: Evidence from China," Ecological Economics, Elsevier, vol. 132(C), pages 104-112.


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