China's Capital and Productivity Measurement Using Financial Resources

Kui-Wai Li ()

No 28469, Center Discussion Papers from Yale University, Economic Growth Center

Abstract: This paper constructs China's capital stock, which is used in conjunction with a labor variable to estimate a Cobb-Douglas production function for the Chinese economy. Two panels of data are used - one for capital formation and one for sources of investment finance. Both national and provincial data are used for these two panels, thus giving a total of four capital-stock series. The Cobb-Douglas estimates show that China's total factor productivity was about 3.4 percent in the post-reform years. Productivity of coastal provinces is higher than inner provinces. Among the various sources of investment finance, foreign direct investment is more efficient than state-funded capital stock.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 22
Date: 2003
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Citations: View citations in EconPapers (18)

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https://ageconsearch.umn.edu/record/28469/files/dp030851.pdf (application/pdf)

Related works:
Working Paper: China's Capital and Productivity Measurement Using Financial Resources (2004)
Working Paper: China's Capital and Productivity Measurement Using Financial Resources (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:yaleeg:28469

DOI: 10.22004/ag.econ.28469

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