INDUSTRIAL AND AGGREGATE MEASURES OF PRODUCTIVITY GROWTH IN CHINA, 1982-2000
We estimate productivity growth for 33 industries covering the entire Chinese economy using a time series of input-output tables covering 1982-2000. Capital input is measured using detailed investment data by asset and labor input uses demographic information from household surveys. We find a wide range of productivity performance at the industry level. We then show how these industry growth accounts may be consistently aggregated to deliver a decomposition of aggregate GDP growth. For the 1982-2000 period aggregate TFP growth was 2.5 percent per year; decelerating from a rapid rate in the early 1980s to negative growth during 1994-2000. The main source of growth during the 1982-2000 period was capital accumulation, with a small negative contribution from the reallocation of factors across industries. Copyright 2009 The Authors. Journal compilation International Association for Research in Income and Wealth 2009.
Year of publication: |
2009
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Authors: | Cao, Jing ; Ho, Mun S. ; Jorgenson, Dale W. ; Ren, Ruoen ; Sun, Linlin ; Yue, Ximing |
Published in: |
Review of Income and Wealth. - International Association for Research in Income and Wealth - IARIW. - Vol. 55.2009, s1, p. 485-513
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Publisher: |
International Association for Research in Income and Wealth - IARIW |
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