first and then slowly decrease. Generally, no significant "productivity paradox" can be observed in China's manufacturing …Purpose With the increase of state capital, corporate total factor productivity (TFP) has a tendency to jump up at … decline. This paper aims to discuss these issues. Design/methodology/approach Using the 1996-2013 China Industrial Enterprise …

is highly disaggregated at the industry level with an input-output network structure. Measured productivity in the model …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are … data. Our second finding is that about half of the decrease in the cyclicality of measured productivity in the U.S. after …