Since the 1998 "wind of falsification and embellishment," Chinese official GDP statistics have repeatedly come under scrutiny. This paper evaluates the quality of China's GDP statistics in four stages. First, it reviews past and ongoing suspicions of the quality of GDP data and examines the...

The National Accounts Data regularly published by China raise questions about their validity for quite some time. The paper takes a dataset published as part of the Total Economic Database by the Conference Board as a possible benchmark to see how much these different estimates on the Chinese...

On 9 January 2006, China's National Bureau of Statistics (NBS) announced a benchmark revision of GDP statistics for the years 1993-2004 based on the findings of the 2004 economic census. It released nominal values of GDP and sectoral value added (obtained following the production approach) for...

By preventing large-scale unemployment during China's economic transition, state-owned enterprises (SOEs) helped maintain social stability, which supported the development of non-state sectors through a positive externality. Yet this burden reduced the productive efficiency of SOEs. Using a...

After the break-up of the Soviet Union, Uzbekistan`s output fell less than in any other former Soviet Republic, and growth turned positive in 1996/97. Given the country`s hesitant and idiosyncratic approach to reforms, this record has suprised many observers. This paper first shows that a...

What explains Uzbekistan`s unusually mild quot;transformational recessionquot; and its moderate recovery during 1996-97? We examine potential biases in output measurement, the role of quot;special factorsquot; including initial production structure, natural resources, and public investment...

Rapid economic development in China in the post-1978 era has been considered 'intriguing' and 'puzzling' since it occurred under the dominance of the Chinese Communist Party - the fusion of politics and economics is supposed to be a powerful impediment to market growth. Scholars have proposed...

When India became a republic in 1950, the economy was primarily agrarian, with threefifths of output originating from agriculture. In the sixty years since independence, there has been a significant transformation of economic activity away from agriculture, with less than one-fifth of output now...

In many respects, the specifically Chinese way of transition from the planned to the market economy contradicts conventional wisdom of economics. This paper proposes an institutionalist explanation of the seeming paradox, which starts out from the structural diversity of the Chinese economy and...