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INDUSTRIAL AND AGGREGATE MEASURES OF PRODUCTIVITY GROWTH IN CHINA, 1982–2000
Author(s) -
Cao Jing,
Ho Mun S.,
Jorgenson Dale W.,
Ren Ruoen,
Sun Linlin,
Yue Ximing
Publication year - 2009
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.2009.00328.x
Subject(s) - economics , total factor productivity , productivity , aggregate (composite) , solow residual , multifactor productivity , asset (computer security) , econometrics , growth accounting , investment (military) , capital (architecture) , china , macroeconomics , history , materials science , computer security , archaeology , politics , computer science , political science , law , composite material
We estimate productivity growth for 33 industries covering the entire Chinese economy using a time series of input–output tables covering 1982–2000. Capital input is measured using detailed investment data by asset and labor input uses demographic information from household surveys. We find a wide range of productivity performance at the industry level. We then show how these industry growth accounts may be consistently aggregated to deliver a decomposition of aggregate GDP growth. For the 1982–2000 period aggregate TFP growth was 2.5 percent per year; decelerating from a rapid rate in the early 1980s to negative growth during 1994–2000. The main source of growth during the 1982–2000 period was capital accumulation, with a small negative contribution from the reallocation of factors across industries.