INPUT–OUTPUT-BASED GENUINE VALUE ADDED AND GENUINE PRODUCTIVITY IN CHINA’S INDUSTRIAL SECTORS (1995–2010)

Yuning Gao, Yunfeng Zheng () and Angang Hu ()
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Yunfeng Zheng: School of Public Policy and Management, Tsinghua University, Beijing, 100084, China
Angang Hu: School of Public Policy and Management, Tsinghua University, Beijing, 100084, China

The Singapore Economic Review (SER), 2018, vol. 63, issue 02, 213-228

Abstract: 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: Genuine savings method; total factor productivity; input–output method; China (search for similar items in EconPapers)
Date: 2018
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Working Paper: Input-output-based genuine value added and genuine productivity in China's industrial sectors (1995-2010) (2015)
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DOI: 10.1142/S0217590817400082

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