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Capital inputs in the Chinese economy: Estimates for the total economy, industry and manufacturing

Lili Wang () and Adam Szirmai

China Economic Review, 2012, vol. 23, issue 1, 81-104

Abstract: This paper presents new estimates of capital inputs in the Chinese economy. Estimates are made for the total economy (1953–2007), for the industrial sector (1953–2007) and for manufacturing (1985–2007). The capital input estimates for industry and manufacturing are also broken down by thirty regions. The paper makes a systematic attempt to apply SNA (System of National Accounts) concepts to the estimation of capital inputs, according to the Perpetual Inventory Method. It makes a clear distinction between capital services from a productivity perspective and wealth capital stocks. The paper provides a detailed analysis of the relevant Chinese statistical concepts and data. It provides an explanation of the procedures followed in constructing the new national and regional capital input series.

Keywords: Capital input; Capital services; Capital stocks; Regions; China; Industry; Manufacturing (search for similar items in EconPapers)
JEL-codes: E22 O16 O47 R53 (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1016/j.chieco.2011.08.002

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China Economic Review is currently edited by B.M. Fleisher, K. X. D. Huang, M.E. Lovely, Y. Wen, X. Zhang and X. Zhu

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