This paper examines the effects of structural change, long-term TFP trend and marginal return to capital on China's economic growth, comparing such effects with those in the other East Asian economies. Our empirical results show that China's TFP converges to a higher level, and the marginal...

In this paper, we make an empirical analysis of the roles of total factor productivity (TFP), capital and labor in China's economic growth for 1952-1998, with the consideration of a structural change due to reform in 1978. We find that China's TFP has fluctuated drastically during 1952-1998, due...