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Input–Output-Based Genuine Value Added And Genuine Productivity In China’S Industrial Sectors (1995–2010)

Author

Listed:
  • YUNING GAO

    (School of Public Policy and Management, Tsinghua University, Beijing, 100084, China)

  • YUNFENG ZHENG

    (School of Public Policy and Management, Tsinghua University, Beijing, 100084, China)

  • ANGANG HU

    (School of Public Policy and Management, Tsinghua University, Beijing, 100084, China)

Abstract

This paper recalculates value added, capital formation, capital stock and related multifactor productivity in China’s industrial sectors by further developing the genuine savings method of the World Bank. The sector-level natural capital loss was calculated using China’s official input–output table and their extensions for tracing final consumers. The capital output elasticity in the productivity estimation was adjusted based on these tables. The results show that although the loss of natural capital in China’s industrial sectors in terms of value added has slowed, the impacts on their productivity during the past decades is still quite clear.

Suggested Citation

  • Yuning Gao & Yunfeng Zheng & Angang Hu, 2018. "Input–Output-Based Genuine Value Added And Genuine Productivity In China’S Industrial Sectors (1995–2010)," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(02), pages 213-228, March.
    • Handle: RePEc:wsi:serxxx:v:63:y:2018:i:02:n:s0217590817400082
    DOI: 10.1142/S0217590817400082
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    References listed on IDEAS

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    More about this item

    Keywords

    Genuine savings method; total factor productivity; input–output method; China;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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