Key Factors of Recent Chinese Provincial Economic Growth

Mario Biggeri

Journal of Chinese Economic and Business Studies, 2003, vol. 1, issue 2, 159-183

Abstract: The aim of this paper is to analyse the factors that affected Chinese provincial economic growth after the reforms of the early 1980s, through a panel analysis (period 1986-2001). The production function approach focuses on human capital, 'space-serving' infrastructure, sectoral allocation of labour and institutional changes. Indices relevant for the analysis are elaborated and provincial capital stocks are estimated. The empirical results indicate the positive role of capital stock, human capital and physical infrastructure and underline that sectoral allocation of labour and institutional changes affected the level of aggregate output. A redistribution policy in favour of the inland provinces needs to be implemented so that human capital and infrastructure can be enhanced, bottlenecks can be overcome and investment can be attracted.

Keywords: China; Institutional Changes; Human Capital; Physical Infrastructure; Structural Change; Transition Economics (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (15)

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DOI: 10.1080/1476528032000066703A

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