Input-output-based genuine value added and genuine productivity in China's industrial sectors (1995-2010)

Yuning Gao, Zheng Yunfeng, Hu Angang and Bo Meng

No 490, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: The rapid growth of China's economy has brought about huge losses of natural capital in the form of natural resource depletion and damages from carbon emissions. This paper recalculates value added, capital formation, capital stock, and related multifactor productivity in China's industrial sectors by further developing the genuine savings method of the World Bank. The sector-level natural capital loss was calculated using China's official input–output table and their extensions for tracing final consumers. The capital output elasticity in the productivity estimation was adjusted based on these tables. The results show that although the loss of natural capital in China's industrial sectors in terms of value added has slowed, the impacts on their productivity during the past decades is still quite clear.

Keywords: China; Input-output tables; Economic sector; Productivity (search for similar items in EconPapers)
JEL-codes: C67 E01 O4 (search for similar items in EconPapers)
Date: 2015-02-01
New Economics Papers: this item is included in nep-eff, nep-ene, nep-hme, nep-mac and nep-tra
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 490. 2015-02-01

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https://ir.ide.go.jp/record/37686/files/IDP000490_001.pdf First version, 2015 (application/pdf)

Related works:
Journal Article: INPUT–OUTPUT-BASED GENUINE VALUE ADDED AND GENUINE PRODUCTIVITY IN CHINA’S INDUSTRIAL SECTORS (1995–2010) (2018)
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