He, Dong; Zhang, Wenlang; Han, Gaofeng; Wu, Tommy - Hong Kong Institute for Monetary Research (HKIMR), … - 2012
Little is known about the total factor productivity of the non-tradable sectors in China. In this paper we estimate productivity growth of the non-tradable sectors by studying the relative price movements of the non-tradable sectors vis-a-vis the tradable sectors, i.e. changes in the internal...