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The Impact of Reform on Economic Growth in China: A Principal Component Analysis

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  • Ligang Song
  • Yu Sheng

Abstract

The study decomposes the sources of Chinese growth by first making a distinction between technological progress and technical efficiency in the growth accounting framework, and then identifying a series of reform programmes, such as urbanization, structural change, privatization, liberalization, banking and fiscal system reforms as the key components in institutional innovation which facilitate the improvement of technical efficiency and through which economic growth.

Suggested Citation

  • Ligang Song & Yu Sheng, 2008. "The Impact of Reform on Economic Growth in China: A Principal Component Analysis," WIDER Working Paper Series RP2008-12, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2008-12
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2008-12.pdf
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    References listed on IDEAS

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    Cited by:

    1. Miaojie Yu, . "Measure the Energy Market Integration in East Asia: A Principal Component Analysis Approach," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Dandan ZHANG & Xunpeng SHI & Yu SHENG, 2014. "Enhanced Measurement of Energy Market Integration in East Asia: An Application of Dynamic Principal Component Analysis," Working Papers DP-2014-23, Economic Research Institute for ASEAN and East Asia (ERIA).
    3. Yu Sheng & Xunpeng Shi, . "Energy Market Integration and Economic Convergence: Implications for East Asia," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Zhang, Dandan & Shi, Xunpeng & Sheng, Yu, 2015. "Comprehensive measurement of energy market integration in East Asia: An application of dynamic principal component analysis," Energy Economics, Elsevier, vol. 52(PB), pages 299-305.

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    Keywords

    Economic development; Industrialization; Institutional economics; Urbanization;
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