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Productivity Dynamics of Chinese Manufacturing Firms

Qu Feng (), Zhifeng Wang and Guiying Wu ()
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Zhifeng Wang: Department of Economics, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332.

No 1706, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre

Abstract: China has experienced high-speed catch-up growth with an average annual rate of over 8% in per capita GDP in the past four decades. Using growth accounting, Zhu (2012) nds that the growth of total factor productivity (TFP) accounts for 77% of Chinas per capita GDP growth during 1978-2007, and argues that Chinas TFP growth is mainly driven by resource reallocation due to market liberalization and institutional reforms. This paper aims to estimate Chinas aggregate productivity growth by applying three leading methods of estimating rm-level production function on Chinese manufacturing rms during 1998-2007, and quantify the contribution of resource reallocation to productivity growth. In addition, we also empirically compare the three estimation methods in this large data set.

Keywords: Chinas economic growth; TFP growth; production function; resource reallocation (search for similar items in EconPapers)
JEL-codes: D24 O14 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2017-06
New Economics Papers: this item is included in nep-cna, nep-cse, nep-eff, nep-sea, nep-tid and nep-tra
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Journal Article: PRODUCTIVITY DYNAMICS OF CHINESE MANUFACTURING FIRMS (2019) Downloads
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