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A common practice in decomposition analyses is to deflate output indicators to purge the impact of inflation by using a general deflator. This practice fails to account for sector heterogeneity and can be hazardous. Although the general indentified patterns are largely correct, the calculated...
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productivity improvement. Conclusions: This paper suggests to deepen economic reform in order to sustain the necessarily high …
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productivity (TFP) and then forecast trend output growth out to 2030 using a bottom-up approach based on forecasts that we build …
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that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …
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growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the five …
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