Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of "capital" frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …

availability and quality of output, labor, and capital data. A further section discusses and calculates a range of productivity …

it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate …

China's rapid economic growth over the past forty years was in good part driven by capital accumulation, with, in …

We revisit China's overinvestment problem by examining capital return from two perspectives. First, we re …-estimate capital returns. The two existing estimation methods generate different results. After adjusting for statistical coverage and … assumptions, the two methods achieve largely consistent results. The reconciled estimation shows China's capital returns increase …

capital in China must be quite low. Using the data from China's national accounts, we estimate the rate of return to capital … in China. We find that the aggregate rate of return to capital averaged 25% during 1978-1993, fell during 1993-1998, and … has become flat at roughly 20% since 1998. This evidence suggests that the aggregate return to capital in China does not …

it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate …