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Capital Stock Estimates for China's Regional Economies: Results and Analyses

Author

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  • Yanrui Wu

    (Department of Economics, University of Western Australia)

Abstract

The lack of capital stock statistics for empirical research on the Chinese economy has for a long time been one of the major impediments. Though many authors have attempted to derive their own data series, most authors have focused on investigations at the national level and their findings are not without controversies. Few studies have provided estimates of capital stock for China's regional economies. This paper adds to the literature in several ways. First, it presents a critical review of the methods and findings in the existing literature. Second, it proposes an alternative approach to estimate China's regional capital stock values. Finally, the derived capital stock series are applied to examine growth, disparity and convergence in China's regional economies.

Suggested Citation

  • Yanrui Wu, 2007. "Capital Stock Estimates for China's Regional Economies: Results and Analyses," Economics Discussion / Working Papers 07-16, The University of Western Australia, Department of Economics.
  • Handle: RePEc:uwa:wpaper:07-16
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    File URL: http://www.business.uwa.edu.au/__data/assets/pdf_file/0005/98636/07_16_Wu_2.pdf
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    References listed on IDEAS

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    1. Woo Wing Thye & Hai Wen & Jin Yibiao & Fan Gang, 1994. "How Successful Has Chinese Enterprise Reform Been? Pitfalls in Opposite Biases and Focus," Journal of Comparative Economics, Elsevier, vol. 18(3), pages 410-437, June.
    2. Holz, Carsten A., 2006. "New capital estimates for China," China Economic Review, Elsevier, vol. 17(2), pages 142-185.
    3. Bramall, Chris, 2000. "Sources of Chinese Economic Growth, 1978-1996," OUP Catalogue, Oxford University Press, number 9780198296973.
    4. Kuan, Chen & Hongchang, Wang & Yuxin, Zheng & Jefferson, Gary H. & Rawski, Thomas G., 1988. "Productivity change in Chinese industry: 1953-1985," Journal of Comparative Economics, Elsevier, vol. 12(4), pages 570-591, December.
    5. Xiaolei Qian & Russell Smyth, 2006. "Growth Accounting for the Chinese Provinces 1990-2000: Incorporating Human Capital Accumulation," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 4(1), pages 21-37.
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    Cited by:

    1. Yanrui Wu, 2007. "Environmental Efficiency and Its Determinants in China’s Regional Economies," Economics Discussion / Working Papers 07-21, The University of Western Australia, Department of Economics.
    2. WU, Jidong & LI, Ning & SHI, Peijun, 2014. "Benchmark wealth capital stock estimations across China's 344 prefectures: 1978 to 2012," China Economic Review, Elsevier, vol. 31(C), pages 288-302.

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