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Total Factor Productivity Growth in Chinese Industry: 1952-2005


  • Selin Ozyurt


This paper presents new estimates of total factor productivity (TFP) growth in Chinese industry over the past half century that seek to improve on earlier estimates in several respects: better data series are developed for capital and labour; the production function is estimated with fewer restrictive assumptions and corrected for serial correlation; and the TFP estimates are adjusted for cyclical fluctuations. The paper also offers a broader than usual interpretation of TFP growth. Its main findings are: (i) that over the whole period 1952-2005 the main source of industrial output growth was capital accumulation; (ii) that during the period since 1980 TFP growth also contributed significantly to industrial output growth; and (iii) that TFP growth in Chinese industry accelerated from the late 1980s, probably as a result of changes in the pattern of ownership and increased integration into the world economy.

Suggested Citation

  • Selin Ozyurt, 2009. "Total Factor Productivity Growth in Chinese Industry: 1952-2005," Oxford Development Studies, Taylor & Francis Journals, vol. 37(1), pages 1-17.
  • Handle: RePEc:taf:oxdevs:v:37:y:2009:i:1:p:1-17 DOI: 10.1080/13600810802660836

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    References listed on IDEAS

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    12. Cogley, Timothy & Nason, James M., 1995. "Effects of the Hodrick-Prescott filter on trend and difference stationary time series Implications for business cycle research," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 253-278.
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    Cited by:

    1. Wang, Jian & Wang, Xiao, 2015. "Benefits of foreign ownership: Evidence from foreign direct investment in China," Journal of International Economics, Elsevier, vol. 97(2), pages 325-338.
    2. Scherngell, Thomas & Borowiecki, Martin & Hu, Yuanjia, 2014. "Effects of knowledge capital on total factor productivity in China: A spatial econometric perspective," China Economic Review, Elsevier, vol. 29(C), pages 82-94.
    3. Tadesse WODAJO, Tadesse & Dawit SENBET, Dawit, 2013. "Distributions Of Public And Private Manufacturing Firms And Determinants Of Productivity In Ethiopia," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 13(1).

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