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Productivity Dynamics of Chinese Manufacturing Firms

Author

Listed:
  • Qu FENG

    (Department of Economics, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332.)

  • Zhifeng WANG

    (Department of Economics, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332.)

  • Guiying Laura WU

    (Department of Economics, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332.)

Abstract

China has experienced high-speed catch-up growth with an average annual rate of over 8% in per capita GDP in the past four decades. Using growth accounting, Zhu (2012) nds that the growth of total factor productivity (TFP) accounts for 77% of Chinas per capita GDP growth during 1978-2007, and argues that Chinas TFP growth is mainly driven by resource reallocation due to market liberalization and institutional reforms. This paper aims to estimate Chinas aggregate productivity growth by applying three leading methods of estimating rm-level production function on Chinese manufacturing rms during 1998-2007, and quantify the contribution of resource reallocation to productivity growth. In addition, we also empirically compare the three estimation methods in this large data set.

Suggested Citation

  • Qu FENG & Zhifeng WANG & Guiying Laura WU, 2017. "Productivity Dynamics of Chinese Manufacturing Firms," Economic Growth Centre Working Paper Series 1706, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
  • Handle: RePEc:nan:wpaper:1706
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    File URL: http://www3.ntu.edu.sg/hss2/egc/wp/2017/2017-06.pdf
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    Keywords

    Chinas economic growth; TFP growth; production function; resource reallocation;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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