Brandt, Loren; Tombe, Trevor; Zhu, Xiaodong - Hong Kong Institute for Monetary Research (HKIMR), … - 2012
In this paper, we measure TFP losses in China's non-agricultural economy associated with labour and capital misallocation across provinces and sectors between 1985 and 2007. We also decompose the overall loss into factor market distortions within provinces (between state and non-state sectors)...