We compare the recent economic performances of China and India using a simple growth accounting framework that produces …-2004, and an acceleration of growth when the period is divided at 1993. However, the magnitude of output growth in China is … China the post-1993 acceleration was concentrated mostly in industry, which contributed nearly 60 percent of China …

establishments to quantify the extent of this misallocation in China and India compared to the U.S. in recent years. Compared to the … in China and India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent … observed in the U.S., we calculate manufacturing TFP gains of 25-40% in China and 50-60% in India. …